Hendrick Automotive Group acquires Foreign Cars Italia stores in Charlotte and Greensboro

Written by:
CBT News Editorial Team
July 10, 2026
Image source: Ferrari of Charlotte

Hendrick Automotive Group, the Charlotte, N.C.-based dealership group said to be the largest privately owned auto retailer in the U.S., has acquired Foreign Cars Italia Charlotte and Foreign Cars Italia Greensboro from Hickory, N.C.-based Paramount Automotive. The transaction encompasses eight luxury and exotic franchises across two rooftops, including Ferrari, Alfa Romeo, Aston Martin, Bentley, Maserati and Porsche. Foreign Cars Italia has been the exclusive Ferrari retailer for the Carolinas since 1993.

Kerrigan Advisors exclusively represented Paramount Automotive on the sell-side. Paramount will continue operating its remaining stores in Asheville, Hickory and Valdese, N.C.

Deal Details:

Seller: Paramount Automotive

Buyer: Hendrick Automotive Group

Transaction Date: June 2026

Acquired Dealerships:

  • Foreign Cars Italia Charlotte (Charlotte, NC) → operates as individual franchises: Ferrari of Charlotte, Alfa Romeo of Charlotte, Aston Martin Charlotte, Bentley Charlotte, Maserati of Charlotte
  • Foreign Cars Italia Greensboro (Greensboro, NC) → operates as individual franchises: Ferrari of Greensboro, Maserati of Greensboro, Porsche Greensboro

Advisor/Facilitator: Kerrigan Advisors (exclusive sell-side advisor to Paramount Automotive)

About Kerrigan Advisors

Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of over 450 franchises generating more than $11 billion in client proceeds, including three of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group, Leith Automotive to Holman, and Hennessy Automotive Companies to Group 1 Automotive (planned and expected to close in Q4 2026). The firm advises the industry’s leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors is the only firm in auto retail exclusively dedicated to sell-side advisory, providing its clients with the assurance of a conflict-free approach.

Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, which includes Kerrigan Advisors’ signature blue sky charts, multiples and analysis for each franchise in the luxury and non-luxury segments. To download a preview of the report, click here. The firm also releases monthly The Kerrigan Index™ composed of the seven publicly traded auto retail companies with operations focused on the US market. The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail. To read the 2025 Kerrigan Dealer Survey, click here. To read the 2026 Kerrigan OEM Survey, click here. Kerrigan Advisors is also the co-author of NADA’s Guide to Buying and Selling a Dealership. Additionally, Kerrigan Advisors publishes a podcast, Beyond Blue Sky – A Kerrigan Conversation, where Kerrigan Advisors’ clients and industry leaders share the mindset, strategy and personal stories behind a once-in-a-generation transaction.

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