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 Industry
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →