California Dealership Sells to Victory
Mazda store in northern part of state was transformed from an industrial facility during the pandemic.
The San Leandro, Calif., dealership opened in December 2020. Harvey Auto will now focus on its remaining six stores.
Harvey Auto Group
One of the biggest U.S. auto groups picked up its first Mazda store to grow an already-large California presence.
In a sale between two family-owned auto retail companies, Victory Automotive Group bought San Leandro Mazda in the East Bay of the San Francisco Bay area from Harvey Auto Group, bringing Victory’s total dealership holdings to 53, according to Tim Lamb Group, which brokered the transaction.
Harvey Auto bought a former industrial facility in 2018, transforming it into the Mazda store, which opened in December 2020 in the depths of the pandemic. The dealership has 13,000 square feet of showroom space and a 32,000-square-foot parts and service center with 14 bays.
Victory Automotive rebranded the store as Victory Mazda San Leandro and plans to staff it with a mix of the more than 40 existing store employees and some staffers from its own team.
The Michigan-based group, which Jeffrey Cappo launched more than 25 years ago, is spread across 11 states from coast to coast, including in the Midwest, Northeast and the South, and now represents 14 brands. San Leandro Mazda is its 21st California store. Cappo operates the group along with his sons Eric and Michael.
Ken Harvey started Harvey Auto in 1954 with a motorcycle shop in Northern California, transitioning to automobiles as the business expanded, Tim Lamb Group said. It sold the San Leandro Mazda so that Harvey and his son Taz can focus on operating its four Honda stores and two remaining Mazda dealerships.
LEARN MORE: Buy-Sell Market Still Hot: Dealership Sales Hit Record
More Showroom
Making the Safe Choice
Kelley Blue Book has turned households with teen drivers onto safe and affordable options for their vehicles of choice
Read More →
Inventory Holds Steady
September new-vehicle inventory rose slightly month-over-month, but dealer lots are laden with MY2026 vehicles as the typical model year changeover trudges along.
Read More →
October Auto Sales Fall With the Leaves
A forecast anticipates retail deliveries are down this month as consumers continue to face cost challenges, though more are tapping long loans in order to buy.
Read More →
California Sees Quarterly Gains
California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Year-to-Date Auto Sales Holding Their Own
A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.
Read More →
Slow to Robo
Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.
Read More →
Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →