Holand Automotive Group Transfers Ferrari Rancho Mirage to Lapis Automotive Group: A Strategic Move

Holand Automotive Group Announces Strategic Sale of Ferrari Rancho Mirage



In a significant move for the automotive industry, Holand Automotive Group has officially announced the sale of Ferrari Rancho Mirage to Lapis Automotive Group, managed by Todd Blue. This transition follows a careful and collaborative process conducted in close partnership with Ferrari North America, reflecting a shared commitment to the management and long-term viability of the Ferrari brand.

The transaction received full support and approval from Ferrari, signifying a strategic alignment with the overall vision for the brand. The decision came as both Todd Blue and Gad Bitton, the President and CEO of Holand Automotive Group, acknowledged their shared belief in Lapis Automotive Group’s capability to foster Ferrari Rancho Mirage's future growth effectively.

Todd Blue, who has a rich history in the Palm Springs and Coachella Valley markets, previously held the position of CEO at Indigo Auto Group, where he successfully built and sold a respected luxury automotive platform. This extensive experience positions Blue as an ideal leader to navigate the competitive landscape of luxury automotive sales, particularly in such a unique market.

Gad Bitton articulated that, after thoughtful consideration and with Ferrari’s endorsement, it was an optimal time to hand over the dealership to an owner with a robust local presence and proven expertise. He stated, “This decision reflects our responsibility to act in the best long-term interest of the brand and our strategic vision.”

The seasonality of the luxury automotive market necessitated a local leadership that could operate continuously and effectively year-round, a factor that played a crucial role in the decision-making process leading to the sale. Holand Automotive Group also affirmed its commitment to maintaining operations in California, with the continued ownership and management of Ferrari of South Bay in Torrance, which serves the vibrant Los Angeles metropolitan area.

Moreover, Holand Automotive Group remains focused on evaluating growth opportunities within California and other major metropolitan markets that align with the Ferrari brand. Bitton emphasized their enduring dedication to Ferrari and the longstanding collaborative relationship that they cherish.

This strategic sale underscores Holand Automotive Group’s disciplined approach to its portfolio management, emphasizing growth, scalability, and market density in key regions across the United States and Europe.

About Holand Automotive Group


Holand Automotive Group operates as a global automotive retail organization, representing several ultra-luxury and high-performance brands such as Ferrari, Lamborghini, Rolls-Royce Motor Cars, BMW, McLaren, and Maserati. With a reputation for disciplined management and strategic vision, Holand Automotive Group continues to set standards in the automotive retail sector, ensuring excellence in customer experience and brand representation.

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

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Topics Auto & Transportation)

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