auto dealer in black and red logo
MenuMENU
SearchSEARCH

Bonita Springs Mitsubishi Owners Acquire Second Mitsubishi Store in Florida

The owners of Florida's Bonita Springs Mitsubishi have acquired Fort Myers Mitsubishi, the company announced today. With this purchase, owners Jeff Johnson and Bill Doraty hope to replicate the success of their Bonita Springs store, which cracked the Top 25 sales list for Mitsubishi dealerships nationwide.

by Staff
December 7, 2016
1 min to read


FORT MYERS, Fla. — The owners of Bonita Springs Mitsubishi have acquired a second store in the area, Fort Myers Mitsubishi, the company announced today. With this purchase, owners Jeff Johnson and Bill Doraty hope the success of their Bonita Springs store.

The Bonita Springs store, which has been in operation for less than four months, has already cracked the Top 25 sales list for all Mitsubishi dealerships nationwide.

“We believe we have tapped into a very good market for our type of automobiles,” said Johnson. “Mitsubishi is a hot brand right now in the car business. Nissan just acquired a major stake in the company. They believe in their cars and so do we — or we wouldn’t have made the decision to make the investment into a second dealership.”

That decision to purchase the Fort Myers dealership, the announcement noted, is expected to strengthen the dealers’ presence in Southwest Florida and enlarge their footprint throughout Fort Myers, Bonita Springs, Naples, Cape Coral, Lehigh Acres, Estero, Immokalee, Marco Island and Punta Gorda.

Financial terms of the transaction were not disclosed.

More Auto Finance

Industryby StaffAugust 15, 2024

The Risk When the Customer Is Not in the Dealership

Take this series of steps to help protect your business from fraud by this method.

Read More →
F&Iby StaffAugust 13, 2024

Auto Loan Access Keeps Falling

July conditions tighter for consumers despite average loan rate decline.

Read More →
F&Iby StaffAugust 12, 2024

Dealers Wary of AI in Auto Finance

Poll shows growing aversion to technology’s accelerating part in process.

Read More →
Ad Loading...
Auto FinanceJuly 25, 2024

Is the Death Knell Being Sounded for Dealer Financing?

There appears to be a regulatory target on auto dealer-provided loans.

Read More →
Industryby StaffJuly 24, 2024

Ferrari Calls Cryptocurrency Foray a Success

Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.

Read More →
Industryby StaffJuly 16, 2024

New-Vehicle Affordability Is Up

June conditions, including best average loan rate in a year, make buying more likely.

Read More →
Ad Loading...
Industryby StaffJuly 12, 2024

Pandemic-Era Prices Affect Trade-Ins

New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.

Read More →
Industryby StaffJuly 1, 2024

Auto Credit Crunch Tightens

Borrowers taking on more debt, moving many into delinquent territory.

Read More →
Auto Financeby StaffJune 19, 2024

New Cars Within Easier Reach

Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellJune 13, 2024

A Good Deal

Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.

Read More →