Elk Grove is the second highest volume car market in Sacramento, with approximately 180,000 residents and a population growth rate of 17% since 2010 – 131% faster than the US average. The dealerships dominate the Elk Grove auto retail market, with 34% market share of new units sold in 2021. Today, Lasher Auto Group is consolidated in the Elk Grove Auto Mall. In 2003, the family expanded to Elk Grove, a high growth Sacramento suburb and grew the business along with the community. In 1972, he opened an Audi dealership, and eventually handed over management to sons Mark and Scott Lasher. The Lasher Auto Group is one of the highest volume CJDR dealers in the US resulting in a significant price premium due to strong buyer demand despite some of the economic headwinds on the horizon.”Įstablished in 1955, Lasher Auto Group began when Wes Lasher opened his initial Volkswagen store in Sacramento.
“This transaction is a perfect example of the tremendous value buyers place on high volume, high performing dealership platforms in top growth markets, such as Elk Grove, California. “We were honored to represent Lasher Auto Group on its sale to Knight Automotive Group,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
The Lasher Auto Group dealerships are among the area’s highest volume dealerships, including Elk Grove CDJR, which is the 3 rd and 14 th highest volume CDJR dealership in California and the US, respectively, as well as Elk Grove Subaru, the highest volume Subaru dealership in Sacramento based on 2021 new unit sales. INCLINE VILLAGE, Nev.-( BUSINESS WIRE)-Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Lasher Auto Group in its sale of five dealerships: Elk Grove Acura, Audi, Chrysler, Dodge, Jeep, Ram (CDJR), Subaru, and Volkswagen to Knight Automotive Group.
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