Two local mergers point to improved sales with growth rising to 9% this year.
The Long Beach dealership now operates as BP Ford and the Carson dealership has been rebranded as Fletcher Jones Toyota of Carson. Employee staffing at both locations has remained intact., which handled the Fletcher Jones transaction, said that deal speaks to a growing confidence in the industry.
Worthington Ford in Long Beach has been sold to the Nouri/Shaver Automotive Group. The dealership’s new name is BP Ford. The microchip shortage has gotten much better since 2021, although it hasn’t gone away entirely, and supply chain snarls continue to periodically disrupt output. Nouri/Shaver CEO Armina Mgerian said her business has been strategic in its acquisitions since the company formed in 2015.
The US. light vehicle market is projected to grow by 10% to 12% in 2023, with total sales of more than 14.5 million vehicles, Automotive World said, although macroeconomic issues and geopolitical uncertainties present a significant risk to that projection.
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