NEW ORLEANS – Kerrigan Advisors, a leading sell-side advisory firm for auto dealers, has announced the successful sale of Toyota Of Slidell to Carlock Automotive. This acquisition marks Carlock Automotive’s entry into the Louisiana market and represents the final transaction in the divestiture of the Bohn Brothers Automotive Group.
Gabe Robleto, Senior Vice President of Sell-Side Advisory at Kerrigan Advisors, expressed his satisfaction with the deal. “We are thrilled to have advised the Bohn Brothers on the sale of their final dealership,” Robleto stated. “Toyota of Slidell is a high-performing dealership, and we are confident it will continue to thrive under Carlock Automotive’s ownership. This acquisition is a significant step for Carlock as they establish their presence in Louisiana.” The sale of Toyota of Slidell concludes Kerrigan Advisors’ advisory role in the complete sale of the Bohn Brothers Automotive Group, which also included Audi of New Orleans, Audi Lafayette, and Hyundai Genesis of Metairie.
The Bohn Brothers Automotive Group has a rich history dating back to 1924 when George W. Bohn founded a Ford dealership in New Orleans. Over generations, the family expanded their business, incorporating various brands including Toyota. Donny Bohn, Co-Owner of Bohn Brothers Automotive Group, shared his sentiments on the sale: “Selling Toyota of Slidell is a bittersweet moment as we conclude over a century of service to the New Orleans community.” He added, “Our long-standing partnership with Gulf States Toyota has been invaluable, and we are grateful for their support. We commend Kerrigan Advisors, especially Gabe Robleto, for their exceptional guidance throughout this process. Their expertise made the complex sale of Toyota of Slidell and our other dealerships seamless and successful.”
Toyota of Slidell is strategically positioned on the high-traffic Slidell auto row, located off I-10, a major interstate highway. As Slidell’s second-highest volume dealership, Toyota of Slidell holds a prominent position in the local automotive market. The dealership benefits from its location in a growing economic region. New Orleans is recognized as Louisiana’s economic hub, with strong projections for economic growth in the coming years. This growth is fueled by major corporations, reputable universities, a strong healthcare sector, and a business-friendly environment. The city boasts a diverse and expanding workforce, supported by a metropolitan population of approximately 1.2 million residents.
Toyota’s brand strength significantly contributes to the dealership’s appeal. Recognized as the most trusted brand in the 2024 Kerrigan Dealer Survey, Toyota also enjoys substantial popularity in New Orleans, exceeding the US average market share by 18%. Nationally, Toyota experienced a 4.2% increase in light vehicle sales in 2023, capturing 12.3% of the market share. In December 2023, Toyota franchises maintained a lean inventory with a 34-day supply, significantly lower than the US average of 70 days. Erin Kerrigan, Founder & Managing Director of Kerrigan Advisors, highlighted Toyota’s desirability in the current market. “Toyota remains the most sought-after brand among dealership buyers,” Kerrigan noted. “Their strategic approach to electric vehicles, robust dealer profitability, strong product lineup, and high sales volume per franchise make Toyota dealerships, like Toyota of Slidell, highly attractive, especially in the South where Toyota holds a strong market presence.” She further added, “We are honored to have assisted the Bohn family in this significant transaction, ensuring a successful outcome for their legacy and finding the ideal buyer for Toyota of Slidell.”
The sale of Toyota of Slidell marks Kerrigan Advisors’ 285th franchise sold, their 50th Toyota/Lexus franchise, and their 134th in the Southern United States since the firm’s inception. Stephen Dietrich and Brooke Sizer of Holland & Knight served as legal counsel to Bohn Brothers Automotive Group, with Crowe LLP acting as the seller’s accountant.
About Kerrigan Advisors
Kerrigan Advisors is the leading advisory firm focused on sell-side services and a thought partner for auto dealerships across the nation. Established in 2014, the firm has spearheaded the sale of over 280 dealerships, totaling more than $9 billion in client proceeds. Kerrigan Advisors provides customized sales strategies to maximize value for dealership groups. Beyond sell-side advisory services, Kerrigan Advisors offers consulting and investor services, including growth strategy, market valuation, and operational improvement.
Kerrigan Advisors is a respected source of market intelligence, publishing the quarterly Blue Sky Report® and the monthly Kerrigan Index™ to analyze auto retail market trends. The firm also co-authors NADA’s Guide to Buying and Selling a Dealership. For more information, you can access their reports and surveys: To download a preview of the Blue Sky Report, click here. To access The Kerrigan Index™, click here. To read the 2024 Kerrigan Dealer Survey, click here. To read the 2024 Kerrigan OEM Survey, click here.
Contacts
Kerrigan Advisors Media Contact: Melanie Webber ([email protected]), mWEBB Communications, 949-307-1723
