December 14, 2024 - 13:00
In a significant move within the automotive industry, the Bohn brothers have sold four of their Louisiana dealerships, marking their exit from the car business for the second time. Industry sources indicate that the total sale price for the dealerships was approximately $70 million. This decision comes after a series of strategic evaluations regarding their business operations and market conditions.
The dealerships, known for their diverse inventory and customer service, have been a staple in the Louisiana automotive market. The sale reflects a broader trend in the industry, where many dealerships are reassessing their positions amid changing consumer preferences and economic challenges.
The Bohn brothers previously exited the car business several years ago before re-entering the market. Their latest decision signals a shift in focus, potentially towards other ventures or investments outside the automotive sector. The future of the dealerships remains uncertain, but the sale marks a notable chapter in the evolving landscape of automotive retail in Louisiana.
