Holand Automotive Group Transfers Ownership of Ferrari Rancho Mirage to Lapis Automotive Group

Holand Automotive Group Transfers Ownership of Ferrari Rancho Mirage

The Holand Automotive Group has recently declared the sale of Ferrari Rancho Mirage to the Lapis Automotive Group, which is under the leadership of Todd Blue. This significant transition comes after a thorough and collaborative process that involved close cooperation with Ferrari North America, reflecting a strong commitment to brand stewardship and operational excellence.

Gad Bitton, the President and CEO of Holand Automotive Group, expressed his confidence in this decision. He stated, "After careful consideration and with Ferrari's blessing, we have concluded that this is the right time to pass the business to an owner with a strong local focus and experience." This strategic move aims to ensure the longevity and success of the Ferrari brand in the region.

With Todd Blue at the helm, Lapis Automotive Group brings a wealth of experience in the Palm Springs and Coachella Valley markets. Before this, Blue served as the Chief Executive Officer of the Indigo Auto Group, where he successfully developed and sold a highly regarded luxury automotive platform. The existing professional relationship between Blue and Bitton played a crucial role in fostering mutual confidence in Lapis Automotive's ability to navigate the future of Ferrari Rancho Mirage.

Gad Bitton emphasized the necessity for a hands-on, ongoing leadership presence to best serve the community and the brand itself, noting the seasonal market demand in the region. The sale allows Holand Automotive Group to maintain a focus on their other California operations, particularly at Ferrari of South Bay in Torrance, which is thriving in the greater Los Angeles area. Bitton confirmed, "We will continue to explore growth opportunities in California and other major urban centers associated with the Ferrari brand."

Holand Automotive's commitment to its long-term partnership with Ferrari remains steadfast, as they believe in the continued success and potential of the brand in the luxury automotive market. The sale highlights Holand Automotive's disciplined approach to portfolio management and its aim for sustained growth and brand density in the United States and Europe.

About Holand Automotive Group

Holand Automotive Group is a global automotive retail business representing prestigious luxury and performance brands, including Ferrari, Lamborghini, Rolls-Royce Motor Cars, BMW, McLaren, and Maserati. Known for its disciplined leadership and strategic vision, the group remains dedicated to excellence in the automotive industry.

For additional inquiries, please contact Anastasia Panayotou at 514-867-3199 or via email at [email protected].