Ed Morse Auto Group Acquires Mo. Kia Store
Purchase adds its eighth dealership in the state, which it entered in 2021.
The Kia dealership is the auto group's second store in Rolla, Mo.
IMAGE: Kia
The Ed Morse Automotive Group acquired Kingdom Kia in Rolla and will rename it Ed Morse Kia Rolla. The group purchased the dealership at 2600 North Bishop Ave. from Lawrence West Jr. and the West family. The transaction was brokered by Robert Turbyfill and the Dave Cantin Group.
It's the company’s eighth dealership in Missouri and its second in Rolla, joining Ed Morse Chevrolet Buick GMC. The acquisition will add 65 employees to its 2,300-plus employee base, growing its locations to 44 dealerships with 70 automotive franchises, 19 motorcycle franchises and 31 brands.
“It was 2021 when we first ventured into Missouri by purchasing dealerships in Lebanon and St. Robert. With this now being our eighth acquisition in the state, it is quite evident our drive to expand further within the region. This dealership fit perfectly into our family-owned model with a proven employee base, committed clientele from Rolla to Jefferson City to Springfield, and a growth-ready infrastructure,” said Ed Morse Automotive Group Chairman and CEO Teddy Morse.
Kingdom Kia has been a family-owned new- and used car dealership in Rolla since 2008. Ed Morse Automotive Group's other Missouri locations include Lebanon, Saint Robert and California.
Originally posted on Auto Dealer Today
More Showroom
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 →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
California Hybrids Reach State Record
The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.
Read More →