Sam Swope Auto Group to sell Louisville car dealerships - WDRB 41 Louisville News

Sam Swope Auto Group to sell Louisville car dealerships

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LOUISVILLE, Ky. (WDRB) --  The Sam Swope Auto Group will sell all but one of its car dealerships in Louisville to Automotive Management Services Inc., a dealer based in West Palm Beach, Florida, the Swope company said Friday.

The transaction, which is expected to close in the next two or three months, involves 11 dealerships (See list below).

It excludes Toyota of Louisville, Richmond Honda and the Elizabethtown/Radcliff-area dealerships owned by the Swope Family of Dealerships, which is distinct from Sam Swope Auto Group.

Swope, founded in 1952, is the biggest auto dealer group in Louisville with about 840 employees and about 18,000 vehicles sold or leased annually, according Louisville Business First's most recent Book of Lists.

The sale comes less than a year after the death of dealership founder Sam Swope, 88, in December 2014. 

Patti Swope, who became the group's president in January, said in a prepared statement that she initially resisted selling.

"After my father's passing, several suitors came calling. I had no intention of selling our company at that time, and would not have considered any offer if unsuitable," Patti Swope said in the statement. "I ultimately made the decision to accept the offer from AMSI because the organization is a good fit for our team and for our culture. AMSI brings tremendous resources to our organization, and will provide opportunities for advancement for our people. The transition is, of course, bittersweet.

"My father, Sam Swope, built a wonderful 63-year legacy here, but I know that AMSI will carry this company into the future in a remarkable way, while honoring his memory."

A woman who answered the phone at AMSI's West Palm Beach office said no one was available Friday afternoon to comment on the deal.

All Swope employees will continue to be employed by AMSI at their current pay rates with "identical or comparable benefits," according to Swope news release. 

For customers, nothing changes with warranties, dealership servicing of vehicles or financing, according to the release. Some of the dealerships might eventually change names, but those decisions haven't been made, according to the release.

Louisville's second-biggest dealer group, Oxmoor Auto Group, said in a statement Friday that its "delighted" to have AMSI in the Louisville market and "their presence will greatly benefit our local economy."

Here are the dealerships that will be sold to AMSI:

Sam SwopeBuick GMC

Sam Swope BMW

Sam Swope Cadillac

Sam Swope Chrysler Jeep Dodge Ram

Sam Swope Alfa Romeo Fiat

Sam Swope Honda World

Sam Swope Infiniti

Sam Swope Mitsubishi

Sam Swope Volkswagen

Lexus of Louisville

Volvo of Louisville

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