July 19, 2024


General Inside You

Fuccillo Automotive Group sells 10 dealerships in New York

Fuccillo Automotive Group sells 10 dealerships in New York


Darwish, formerly a minority spouse in a New Jersey Audi dealership and a platform manager for Napleton Automotive Team, claimed that after getting into into an settlement with Fuccillo in August 2020, he ran into a number of delays. His lawyer’s business office shut down due to the fact of COVID-19, and Darwish contracted the disease.

“I almost died,” he advised Automotive Information. “I was in the healthcare facility for 19 times.”

Darwish stated he was on oxygen for two months but recovered. Then in June 2021, Fuccillo Automotive CEO Billy Fuccillo Sr. died.

Darwish reported he experienced little sleep over people 20 months as he worked to fulfill with many makers and financial institutions to wrap up the offer.

He now has a personnel of far more than 400 people today, whom Darwish explained as “extremely good staff.”

“The personnel that arrived alongside with this offer is impressive,” he stated. “The team is a huge team.”

Fuccillo Automotive Team just a couple several years back boasted additional than 20 dealerships, but it has bought various merchants in the previous calendar year-moreover. In early 2021, the team offered five New York dealerships to Matthews Automobile Group. Then in March 2021, it marketed two Kia dealerships in Florida to LMP Automotive Holdings Inc. In August last year, it offered a Nissan dealership in Clearwater, Fla., to Morgan Automotive Team.

Billy Fuccillo Jr., president of the Fuccillo group, did not respond to requests for remark from Automotive Information. The group’s internet site still lists seven franchised rooftops in New York.

Two of Fuccillo Automotive’s Standard Motors dealerships in New York shut all-around the time of the Darwish transaction: Fuccillo Chevrolet-Buick at the Vehicle Mall in Adams and Fuccillo Chevrolet of Nelliston. A GM spokesman verified the franchises have been terminated in late April and early May perhaps. As section of his transaction, Darwish purchased the real estate for both locations.

He programs to use the websites as employed-car or truck shops and hopes to use to reopen the Chevrolet retail store in Adams.

Darwish, 50, who said he is a faculty dropout, has desired to have a motor vehicle dealership because he was 21.

“I sacrificed every little thing to get right here,” he mentioned. “I risked anything to get here.”

And he needs additional. Darwish mentioned he wants by year’s close to look for additional dealerships to buy, as he hopes to very own 90-in addition outlets in the up coming 7 yrs.

“At the time I get going, I want to continue to keep heading,” he stated.

Bob Morris with Tim Lamb Group, a obtain-sell business in Columbus, Ohio, represented the seller in the transaction, Darwish claimed.


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