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Kerrigan Advisors Represents Gossett Motor Cars on the Sale of Four Kia and Hyundai Dealerships in Memphis, Tennessee to Lithia Motors

  • Kerrigan Advisors represented Gossett Motor Cars in the sale of four Kia & Hyundai dealerships to Lithia Motors.
  • The transaction marks Kerrigan Advisors' 32nd franchise sold in the South over the last four months & its 474th franchise sold since 2014.
  • Gossett Motor Cars sold Gossett Kia, Gossett Hyundai, Gossett Kia South, & Gossett Hyundai South, which are located on Covington Pike & Mt. Moriah Road.
  • This acquisition more than doubles Lithia Motors' presence in the Memphis market & follows their 2024 purchase of Sunrise Auto Group dealerships.
  • Gossett Motor Cars was founded in 1985 & is led by Al Gossett alongside his brother David & son Brian.
  • Tennessee ranked #3 for business in 2025 & Memphis GDP grew 73% since 2010 to nearly $103 billion.
  • Kia & Hyundai sales per franchise have increased 147% & 104% respectively since 2008, outpacing Toyota & Honda growth.
  • 87% of Kia dealers & 74% of Hyundai dealers expect franchise value to remain flat or rise in 2026, exceeding the US average of 69%.
  • Legal counsel for Gossett included Stephen Dietrich, Sarah Seedig, Kyla Baker, & Edward M. Bearman.
  • Kerrigan Advisors has facilitated over $11 billion in client proceeds since its founding in 2014.