LHM Dealerships Acquires Three Stores in Denver Area
Dealer Doug Moreland, who sold seven of his Arizona stores to LHM Dealerships in 2013, has struck another deal with the 58-rooftop dealer group. This time, he sold three of his Colorado stores to LHM Dealerships, bringing the number of Colorado stores operated by the group to 11.
DENVER — Larry H. Miller Dealerships (LHM Dealerships) announced today the acquisition of three stores in Colorado with the purchase of Cherry Creek Dodge, Colorado Chrysler Jeep in Aurora and Fiat of Denver.
According to officials, LHM Dealerships will retain employees of the newly acquired stores, bringing the group’s total employee count in Colorado to more than 1,000. The dealership group employs more than 5,000 individuals in seven states.
“We’ve been strategic in our approach to growth and in finding opportunities that are a win-win for the seller, employees and our company. Denver is a strong market for us and these brands are a great fit with our business model,” said Dean Fitzpatrick, president of LHM Dealerships. “With the acquisition of these dealerships, we are able to employ more Denver residents and deepen our connection and commitment to the community.”
The stores were purchased from Doug Moreland, who sold seven Arizona stores to LHM Dealerships in 2013. “I’m appreciative of the way the LHM Dealerships group conducts business and takes care of its employees,” said Moreland. “Their focus on customer service, community and giving back assures me that these stores and our customers will be in good hands.”
LHM Dealerships now operates 58 dealerships representing 20 different automotive brands in seven western states.
More F&I
Gitty Up on Gap
The foundational finance-and-insurance product hasn’t kept up with the latest conditions for auto dealers. Is the time ripe?
Read More →
How AI-Powered Coaching Is Transforming F&I Performance
See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Read More →
Sell Value, Build Trust
In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.
Read More →
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Double the Change, Double the Chance
When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →