Located south of Birmingham, Montgomery is the vibrant capital city of Alabama.
Jerry Mullinax, the visionary behind the group, revealed that while their most recent acquisition took place in 2019, they have continually sought out new opportunities.
The group’s strategy has centered around their commitment to Ford dealerships, with a growing emphasis on the Hyundai brand. However, Mullinax’s perspective changed when he came across an enticing opportunity in the form of a Buick, GMC, and Cadillac store. In his own words to Automotive News, he stated, “In most of those franchises, you’ve got to drive 50 minutes to get to the closest competitor.”
Furthermore, Montgomery boasts a Hyundai Motor Co. vehicle production plant, which further piqued Mullinax’s interest. He explained, “You’ve got a lot of people that work for the factory that would have a higher tendency to buy the product.”
Mullinax Automotive, founded by the late Ed Mullinax, father to Jerry Mullinax, previously sold its dealerships to Republic Industries Inc., which later became AutoNation Inc, in 1996.
With their strong sales performance, Mullinax Automotive proudly holds the 81st position on Automotive News‘s prestigious list of the top 150 dealership groups in the United States. In 2022 alone, they successfully retailed 11,110 new vehicles. Sonic, hailing from Charlotte, N.C., secured the impressive 6th position on the same list, boasting sales of 101,168 new vehicles in 2022.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
