Announcing Another Sale: LAX Motors in Los Angeles, California
January 31, 2014
Iconic car dealer, Ric Middlekauff, retired from the car business years ago from his holdings in the Greater Dallas area. A few years ago, he decided to re-enter the business in the Los Angeles market. After a couple of years of heavy lifting, Ric decided to finally hang his hat and capitalize on the incredible blue sky opportunity that these current market conditions have to offer.
This is the first Hyundai and Chrysler dealership for the Hooman Automotive Group. There are big plans to relocate the Hyundai and Chrysler franchises and build image compliant facilities in line with Hyundai’s and Chrysler’s newest image program guidelines in a location to be determined in the future. This transaction was exclusively facilitated by Performance Brokerage Services, Inc.
We congratulate Mr. Hooman Nissani on his recent acquisition and wish Mr. Ric Middlekauf an enjoyable retirement.