Young Automotive Group of Layton, Utah, has added three dealerships in its headquarters city.
The group on July 30 bought Layton Hills Chrysler-Dodge-Ram, the standalone Utah Jeep Store and Audi Layton-Cutrubus Volkswagen of Layton from Homer Cutrubus and the Cutrubus family. Layton is north of Salt Lake City.
The stores were renamed Young Chrysler-Dodge-Ram, Young Jeep and Young Volkswagen of Layton-Audi Layton.
Oliver Young, the Young group’s operations director, told Automotive News that the company is excited to add another Stellantis store and new brands Volkswagen and Audi. Young said that is its second luxury store following Genesis. The acquisition also included a body shop.
“Since 2008, we’ve been diversifying our portfolio to make sure we have a diverse group of manufacturers,” he said. “In 2008, we only had GM and Chrysler-Jeep-Dodge-Ram, and that was a rough time.”
Young Automotive said it now has 18 dealerships in Utah and Idaho, six powersports stores and one medium-duty truck and trailer outlet.
The Cutrubus family, through arbitration, won the right to reopen its Layton Chrysler store after that dealership and another the family owned were among hundreds rejected across the country as part of then-Chrysler’s 2009 bankruptcy.
The Cutrubus family still owns a Kia dealership in Ogden, Utah, Young said.
Performance Brokerage Services, an Irvine, Calif., buy-sell firm, handled the transaction.
