Billionaire Houston Rockets owner acquires nearby Chevrolet dealership. Will he buy more stores?

The fact that the Chevy dealership was in its "own backyard" and family-run was important in Fertitta Automotive Group's decision to purchase its first domestic brand auto store in September. (FERTITTA AUTOMOTIVE GROUP)

October 02, 2024 11:30 AM

After a quarter-century of dealing in luxury rides, the billionaire owner of a Texas business empire that includes the NBA's Houston Rockets has shifted into domestic automotive brands with a Chevrolet store acquisition.

Featured Stories

Dealerships prepare for pre-tariff sales onslaught

Automakers warn new Trump tariffs will boost costs, cut sales

Stellantis launches mobile service as customer retention tool

Dealership buy-sell database updates: Details on 11 deals across 10 states

Latest News

Live updates on tariffs: Industry works to minimize disruption

Dealerships prepare for pre-tariff sales onslaught

Automakers warn new Trump tariffs will boost costs, cut sales

Top 5 Canadian auto stories this week: Trump auto tariffs; Tesla payments frozen; more

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Trump tariffs: Dealers confused but resilient in face of new reality

Tariff threat likely spooked consumers and drove March, Q1 U.S. sales gains

New cars under $30K could be a casualty of Trump’s tariffs

Live talk at noon March 31: Top 150 Dealership Groups and automotive retail

Staying current is easy with newsletters delivered straight to your inbox.