Folsom Lake Chrysler Jeep Ram Dodge For Sale Back To Original Owners

Folsom Lake Chrysler Dodge Jeep Ram in Folsom, CA, has been sold to its previous owner, Fifth Wave Automotive Groupfor Victory Car Grouphe announced Steve CorleRegional Director of the Plain of Tim’s flock of sheepheadquartered in Columbus, OH, which handled the sale.

Carlos Hidalgopresident of Fifth Wave, built the business in 2001 and sold it in 2010 to The capital of York, which sold the property to Victory Automotive Group. Hidalgo is excited to have the dealership back in his family after 14 years. The dealership, which will retain its name, Folsom Lake Chrysler Dodge Jeep Ram, is located at 12545 Folsom Blvd.

“I built Folsom Lake CDJR from the ground up in 2001. It was my first business, and I was sad to sell it, but the timing was right,” Hidalgo said. “When Steve Corle with the Tim Lamb Group approached me with this opportunity, I knew I had to jump on it. I’ve always loved the area and know that the Bay Area has become a power truck market around the world.”

The staff will include a mix of current Victory Cars employees and Fifth Wave employees, some of whom have been on staff since 2001.

Hidalgo said the business will expand its general parts business, adding more counter workers and delivery trucks.

Folsom Lake CDJR will also undergo a series of renovations to expand the space from 52,000 square feet by 9,000 square feet. The new space will allow for additional service shops, and a new Jeep showroom on the property. Hidalgo said the renovation will begin in one year.

“There are a lot of unique features to the building, and I think it will be fun to play with the architecture to create an updated design that will fit all of our growing inventory,” said Hidalgo.

Fifth Wave Automotive currently owns it Stockton Hyundai in Stockton, CA, and San Leandro Chrysler Dodge Jeep Ram in Leandro, CA, where they are top performers with Chrysler Dodge Jeep Ram brands.

“I was looking for a shop that would allow me to focus more on trucks, and I believe I found it,” Hidalgo said. “I look forward to growing the brand even further, offering a larger variety of cars, and focusing more on trucks. The store was ranked No. 1 in volume sales for seven years in a row when I previously owned it, and my goal is to accomplish that again.”

Hidalgo praised Corle for his role in facilitating the sale.

“I can’t say enough about Steve Corle!” Hidalgo said. “He had done his research before he reached out to me to buy the Folsom Lake Chrysler dealership. He was very knowledgeable about the brand and was on top of the negotiations between me and Victory Automotive Group. We closed in about 45 days, and if it wasn’t for Steve, I don’t think that would have been possible. .”

Fifth Wave is a family-run company that is excited to be back in the neighborhoods surrounding Folsom. Folsom Lake CDJR will again work with local organizations and initiatives to help and give back to the community.

Victory Automotive Group is a family owned company, founded over 25 years ago by Jeffrey Cappo, headquartered in Canton, MI. Cappo now works with his sons Eric and Michaelwho are involved in the day-to-day operations of their 50+ locations, in 11 states, including Ohio, Michigan, California, Massachusetts, Florida, Texas, Indiana, Tennessee, West Virginia, North Carolina and Illinois, representing 14 automotive brands .

“Victory Automotive Group and Fifth Wave both had processes in place to handle purchases and sales. Each team worked hard to ensure a smooth transaction. I would like to thank Victory Automotive Group for continuing to trust Tim Lamb Group, and I wish Carlos Hidalgo and Fifth Wave Group the best of luck a lot in their new business,” said Corle.