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

The Transition of Ferrari Rancho Mirage to New Ownership

On December 17, 2025, Holand Automotive Group announced a pivotal change in its operations with the sale of Ferrari Rancho Mirage to Lapis Automotive Group. This transition, which comes with the full approval of Ferrari North America, was made after a comprehensive evaluation and aligns with the long-term goals of both companies.

Holand Automotive Group's leadership underscored the importance of maintaining strong local ownership, particularly in regions like the Palm Springs and Coachella Valley, where market dynamics are highly seasonal. The new owner, Todd Blue, has a wealth of experience in the luxury automotive sector, having previously led the Indigo Auto Group. His background, paired with a longstanding partnership with Holand Automotive’s President and CEO, Gad Bitton, positions Lapis Automotive Group to effectively steer Ferrari Rancho Mirage into the future.

Strategic Decision for Long-Term Success

Gad Bitton commented on this strategic decision, highlighting the necessity of appointing a local entity to nurture the brand's presence in a market that requires constant leadership and regional expertise. The shareholders are confident that this decision reflects a commitment to the long-term interests of the Ferrari brand and its operational excellence.

“It was essential for us to select a successor with deep roots and understanding of the local market dynamics,” Bitton noted. “We believe that under Todd Blue's guidance, Lapis Automotive Group will provide the high level of service and performance expected of the Ferrari brand.”

Holand Automotive Group remains dedicated to its investments in California, continuing to manage Ferrari of South Bay in Torrance. This indicates that while one door is closing, another will remain open for future opportunities that align with their strategic vision for growth across metropolitan regions.

Holand Automotive Group: A Leader in Luxury Brands

Renowned for its representation of luxury and performance automotive brands, Holand Automotive Group maintains a diverse portfolio that includes prestigious names such as Lamborghini, Rolls-Royce, and McLaren, alongside Ferrari. The organization is recognized for its disciplined governance and strategic initiatives aimed at long-term scalability within the automotive sector.

The formal announcement of this sale illustrates Holand Automotive Group's pragmatic approach to portfolio management, emphasizing the importance of maintaining a robust presence across primary markets in both the United States and Europe. Through operational excellence and brand stewardship, the group is strategically positioned to continue its growth trajectory moving forward.

In summary, the sale of Ferrari Rancho Mirage to Lapis Automotive Group marks a significant step for both organizations, with a shared commitment to excellence and the vision of driving the Ferrari brand towards enduring success in a competitive luxury automotive landscape.