Charlotte-based vehicle auto retailer Hendrick Automotive Group has bought a luxury import auto group, adding eight franchises to the company. Hendrick announced it bought Foreign Cars Italia Charlotte and Foreign Cars Italia Greensboro on Wednesday. A Hendrick spokesperson did not disclose the cost of the deal.
The group now owns franchises split between two buildings in Charlotte: Ferrari of Charlotte at 416 Tyvola Road, and Bentley Charlotte, Maserati of Charlotte, Aston Martin Charlotte and Alfa Romeo of Charlotte at 400 Tyvola Road. It also bought Ferrari, Maserati and Porsche franchises in Greensboro, all on one property.
In a statement, Hendrick Automotive Group CEO Rick Hendrick said the company plans to build on Foreign Car Italia’s customer service experience. “These are the cars many people dream of, and we’re thrilled to offer them here in the Carolinas,” Hendrick said.
Kerrigan Advisors represented Paramount Automotive in the sale of its company, Foreign Cars Italia. The Hendrick Automotive spokesperson said Hendrick has been trying to purchase Foreign Cars Italia for a while, and Paramount owner Benny Yount recently told Hendrick about plans to sell.
Hendrick Automotive Group is the largest privately held auto retail organization in the country, giving HendrickCars.com users access to more than 30,000 cars, trucks and SUVs available for delivery.
It now operates 31 franchises in the Charlotte market and 140 total franchises nationally. Following the latest acquisition, the company has 6,000 employees in North Carolina and 11,000 total employees across the United States.
Charlotte vehicles listed on the Hendrick Automotive Group website include a 2026 Aston Martin Vanquish Volante for $579,899, a 2026 Bentley Flying Spur Azure for $345,899 and a 2021 Alfa Romeo Stelvio Sprint for $49,149.
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 more than 445 franchises generating more than $10 billion in client proceeds, including two of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group and Leith Automotive to Holman. 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 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®, the industry authority on dealership buy/sell market trends and valuations and 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 The Kerrigan Index™ comprised 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 access The Kerrigan Index™, click here. To read the 2025 Kerrigan Dealer Survey, click here. To read the 2025 Kerrigan OEM Survey, click here. Kerrigan Advisors also is the co-author of NADA’s Guide to Buying and Selling a Dealership.
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