Name change and further expansion in works for premier dealership group
PRLog - May 28, 2015 - HARDEEVILLE, S.C. -- New River Auto Mall, LLC’s (“NRAM”) President and CEO Warner Peacock has announced a name change, to Coastal States Automotive Group, LLC.
Coastal States Automotive Group, LLC (formerly New River Auto Mall, LLC) owns Hilton Head Hyundai, Audi Hilton Head, Hilton Head Volkswagen, Hilton Head Nissan, Infiniti of Hilton Head, Porsche of Hilton Head, Subaru of Hilton Head, Jaguar Land Rover Hilton Head, Hilton Head Chrysler/Jeep/Dodge/Ram, all in the Hilton Head, S.C., area, and Jaguar Land Rover Columbia in Columbia, S.C. Coastal States Automotive Group, LLC also just purchased Subaru South Orlando, that also includes a Collision Center, on May 18 in Orlando, Fla. A $1 million+ renovation is planned this year to provide even more improvements to the relatively new facilities.
Coastal States Automotive Group plans to expand with the acquisition of other dealerships in South Carolina, Georgia, Florida, and potentially North Carolina.
“This is an exciting time for our company. We are looking forward to our growth and contributions to the economy here in the Lowcountry, coastal Georgia, and the midlands of South Carolina, as well as our expansion with dealership acquisitions in Georgia and Florida,” said Peacock. “We will remain active in our local community efforts, in the Lowcountry and the midlands of South Carolina, as well as other communities where we make dealership acquistions.”
In addition to vehicle sales and service, Coastal States Automotive Group features a state-of-the-art Collision Center that provides car and truck collision repair and paint for all brands, including aluminum body vehicles. The company also opened the New River Wellness Institute in May 2014, which is a full-service physical therapy, fitness and wellness facility. The company also owns NRAM Insurance, an Allstate Insurance Agency that has become an industry leader in the year since its inception. All of the foregoing are located in the Hilton Head area of South Carolina.
Coastal States Automotive Group employs almost 500 people in Florida and South Carolina.
Coastal States Automotive Group shareholders, in addition to President and CEO Warner Peacock, include automotive industry icon Don Mealey, future Baseball Hall of Famer Ken Griffey, Jr, and prominent Orlando attorneys Greg Humphries and Jay Brennan.
The Coastal States Automotive Group is 9 dealerships featuring 15 franchises, including Audi, Chrysler, Dodge, Hyundai, Infiniti, Jeep, Jaguar, Land Rover, Mazda, Nissan, Porsche, Ram, Subaru, and Volkswagen. In addition to vehicle sales, the New River Auto Mall features a state-of-the-art Collision Center that provides the complete range of auto body services, along with Allstate Insurance products. The New River Auto Mall is located on Highway 278, 5 miles east of I-95 at exit 8. You can find the mall online at http://www.newriverautomall.com/.
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New River Auto Mall, LLC Announces New Holding Company
May 28, 2015 at 12:55 PM EDT
