Latest Hendrick Automotive expansion in Charlotte covers cars ‘people dream of’
Charlotte-based vehicle auto retailer Hendrick Automotive Group has bought a luxury import auto group, adding eight franchises to the company.
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Hendrick announced it bought Foreign Cars Italia Charlotte and Foreign Cars Italia Greensboro on Wednesday. A Hendrick spokesperson did not disclose the cost of the deal.
The group now owns franchises split between two buildings in Charlotte: Ferrari of Charlotte at 416 Tyvola Road, and Bentley Charlotte, Maserati of Charlotte, Aston Martin Charlotte and Alfa Romeo of Charlotte at 400 Tyvola Road. It also bought Ferrari, Maserati and Porsche franchises in Greensboro, all on one property.
In a statement, Hendrick Automotive Group CEO Rick Hendrick said the company plans to build on Foreign Car Italia’s customer service experience. “These are the cars many people dream of, and we’re thrilled to offer them here in the Carolinas,” Hendrick said.
Kerrigan Advisors represented Paramount Automotive in the sale of its company, Foreign Cars Italia. The Hendrick Automotive spokesperson said Hendrick has been trying to purchase Foreign Cars Italia for a while, and Paramount owner Benny Yount recently told Hendrick about plans to sell.
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Hendrick Automotive Group is the largest privately held auto retail organization in the country, giving HendrickCars.com users access to more than 30,000 cars, trucks and SUVs available for delivery.
It now operates 31 franchises in the Charlotte market and 140 total franchises nationally. Following the latest acquisition, the company has 6,000 employees in North Carolina and 11,000 total employees across the United States.
Charlotte vehicles listed on the Hendrick Automotive Group website include a 2026 Aston Martin Vanquish Volante for $579,899, a 2026 Bentley Flying Spur Azure for $345,899 and a 2021 Alfa Romeo Stelvio Sprint for $49,149.
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