Holand Automotive Group Announces the Sale of Ferrari Rancho Mirage to Lapis Automotive Group
In a significant move within the luxury automotive sector, Holand Automotive Group has announced the sale of Ferrari Rancho Mirage to Lapis Automotive Group, under the guidance of Todd Blue. This decision follows extensive consideration and collaboration with Ferrari North America, emphasizing the mutual commitment to brand stewardship and operational excellence in the region.
Founded by Todd Blue, Lapis Automotive Group boasts a wealth of experience in the Palm Springs and Coachella Valley markets. Previously, Blue served as the CEO of Indigo Auto Group, where he successfully cultivated a highly regarded luxury automotive platform. The longstanding professional relationship between Blue and Gad Bitton, President and CEO of Holand Automotive Group, played a crucial role in reaching the conclusion that Lapis Automotive is well-positioned to lead Ferrari Rancho Mirage into its future.
Gad Bitton commented on the sale, explaining, "After careful consideration and with Ferrari’s support, we concluded that it was the right time to transfer the business to owners with substantial local focus and expertise." This decision underscores Holand Automotive Group's dedication to acting in the best long-term interests of the Ferrari brand and their strategic vision.
Acknowledging the seasonality of the market and the essential need for continuous local leadership, the group highlighted that local ownership is the most effective way to achieve sustained success. Despite this transition, Holand Automotive Group remains committed to operations in California and continues to own and manage Ferrari of South Bay in Torrance, a high-performing dealership serving the Los Angeles market.
Gad Bitton expressed continued commitment to Ferrari, stating, "We remain deeply devoted to Ferrari and our long-term partnership." This transaction is indicative of Holand Automotive Group's disciplined approach to portfolio management and focus on long-term growth, scale, and market density both in the United States and Europe.
Holand Automotive Group is a renowned global automotive retail organization representing premier ultra-luxury and high-performance brands, including Ferrari, Lamborghini, Rolls-Royce Motor Cars, BMW, McLaren, and Maserati. The group is recognized for its disciplined management, strategic vision, and commitment to excellence.
As this acquisition by Lapis Automotive Group unfolds, the market eagerly observes how the new leadership navigates the luxury automobile landscape to further enhance the customer experience and brand perception for Ferrari Rancho Mirage. With an experienced team at the helm, the future seems promising as both companies focus on maintaining high standards of service and brand integrity in the luxury automobile sector.
Founded by Todd Blue, Lapis Automotive Group boasts a wealth of experience in the Palm Springs and Coachella Valley markets. Previously, Blue served as the CEO of Indigo Auto Group, where he successfully cultivated a highly regarded luxury automotive platform. The longstanding professional relationship between Blue and Gad Bitton, President and CEO of Holand Automotive Group, played a crucial role in reaching the conclusion that Lapis Automotive is well-positioned to lead Ferrari Rancho Mirage into its future.
Gad Bitton commented on the sale, explaining, "After careful consideration and with Ferrari’s support, we concluded that it was the right time to transfer the business to owners with substantial local focus and expertise." This decision underscores Holand Automotive Group's dedication to acting in the best long-term interests of the Ferrari brand and their strategic vision.
Acknowledging the seasonality of the market and the essential need for continuous local leadership, the group highlighted that local ownership is the most effective way to achieve sustained success. Despite this transition, Holand Automotive Group remains committed to operations in California and continues to own and manage Ferrari of South Bay in Torrance, a high-performing dealership serving the Los Angeles market.
Gad Bitton expressed continued commitment to Ferrari, stating, "We remain deeply devoted to Ferrari and our long-term partnership." This transaction is indicative of Holand Automotive Group's disciplined approach to portfolio management and focus on long-term growth, scale, and market density both in the United States and Europe.
Holand Automotive Group is a renowned global automotive retail organization representing premier ultra-luxury and high-performance brands, including Ferrari, Lamborghini, Rolls-Royce Motor Cars, BMW, McLaren, and Maserati. The group is recognized for its disciplined management, strategic vision, and commitment to excellence.
As this acquisition by Lapis Automotive Group unfolds, the market eagerly observes how the new leadership navigates the luxury automobile landscape to further enhance the customer experience and brand perception for Ferrari Rancho Mirage. With an experienced team at the helm, the future seems promising as both companies focus on maintaining high standards of service and brand integrity in the luxury automobile sector.
Topics Auto & Transportation）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.