TIM LAMB GROUP DEALERSHIP FOLSOM LAKE CHRYSLER DODGE JEEP RAM DEALERSHIP IN FOLSOM, CALIFORNIA FOR ORIGINAL OWNERS, FIFTH WAVE CAR GROUP.

Fifth Wave Automotive will close at Folsom Lake Chrysler Dodge Jeep Ram in Folsom, CA on April 3, 2024.

Tim Lamb Group Closes Folsom Lake Chrysler Dodge Jeep Ram Sale for Fifth Wave Cars.

Columbus, OH, April 17, 2024 (GLOBE NEWSWIRE) — Steve Corle, Plains Area Director for The Tim Lamb Group, headquartered in Columbus, Ohio, North America’s largest auto dealership , has managed the sale. of Folsom Lake Chrysler Dodge Jeep Ram in Folsom, California. On Wednesday, April 3, 2024, a sale went through as Victory Automotive Group sold Folsom Lake CDJR to its previous owner, Fifth Wave Automotive Group. Carlos Hidalgo, President of Fifth Wave built the business in 2001, sold it in 2010 to York Capital who then 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, and is located at 12545 Folsom Blvd., in Folsom, California.

“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,” Carlos Hidalgo says. “When Steve Corle with the Tim Lamb Group approached me with this opportunity, I knew I had to jump at it. I’ve always loved the area and know that the Bay Area has become a worldwide power truck market,” Hidalgo said. The staff will include a mix of current Victory Cars employees and Fifth Wave employees, some of whom have been on staff since 2001.

Family-owned, Fifth Wave Automotive, currently owns Stockton Hyundai (Stockton, CA) and San Leandro Chrysler Dodge Jeep Ram (Leandro, CA) where they are top performers with the 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. I look forward to growing the brand even further, offering a larger variety of vehicles, and focusing more on trucks. This shop was ranked number one in overall sales for 7 consecutive years when I owned it initially, and my goal is to accomplish that again,” said Hidalgo.

In about two years, Folsom Lake CDJR will undergo a series of renovations that will expand the 52,000-square-foot space by 9,000 square feet. The new space will allow for additional service shops, and a new Jeep showroom on the property. “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.

“I can’t say enough about Steve Corle! His knowledge of the Chrysler brand is impressive. Steve and I met years ago when he was working for Chrysler. When he left to work with the Tim Lamb Group, we stayed in touch. He had done his research before he reached out to me to buy the Folsom Lake Chrysler store. He was very knowledgeable about the brand and was on top of the conversation 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,” said Hidalgo.

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Fifth Wave is more than just a business that will bring you the biggest brands of cars, they are a family run company that enjoys giving back to the neighborhoods surrounding Folsom, California. Folsom Lake CDJR will once 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, and headquartered in Canton, Michigan. Cappo now works alongside his sons Eric and Michael, who are involved in the day-to-day operations of their 50+ locations, in eleven states including Ohio, Michigan, California, Massachusetts, Florida, Texas, Indiana, Tennessee, West Virginia, North Carolina, and Illinois. Victory Automotive Group represents fourteen top 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 much success in their new business,” said Corle.

For more information on Tim Lamb Group visit, https://timlambgroup.com/

About Tim Lamb Group
Since 2006, Tim Lamb Group has been the number one choice for dealers looking to sell, or buy, new car dealerships. The 15 regional directors manage billions of dollars a year in transactions for multiple retail operators in every part of the United States and Canada. The group has combined their factory management experience and retail background to become the largest automotive sales and purchasing company in North America. For more information and resellers, visit www.timlambgroup.com.

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