Coastal States Automotive Group has Contract to Purchase Fiat of Savannah

Staff Report From Savannah CEO

Friday, January 22nd, 2016

Coastal States Automotive Group President and CEO Warner Peacock has announced a pending acquisition to purchase Fiat of Savannah from Stokes Auto Group within the next two to four weeks.

Coastal will relocate the Fiat dealership to its facility at 10 Eisenhower Drive, next to the recently acquired Savannah Volkswagen. As part of the agreement, Coastal will also own Alfa Romeo. “We have had a great relationship with Fiat Chrysler Automotive for 10 years, through our ownership of Hilton Head Chrysler Jeep Dodge Ram,” said Peacock. “We are looking forward to now representing two additional brands in their lineup.”

Coastal recently purchased land and facilities located on Abercorn Street and Eisenhower Drive, and bordering White Bluff Road to the west. There is ample land for additional franchises on the property.

 “We are looking forward to our growth and contributions to the economy in Savannah,” said Peacock. “We are very familiar with the market and are excited to be in this community.”

Coastal States Automotive Group employs almost 600 people in Florida, Georgia and South Carolina.

Coastal States Automotive Group, LLC (formerly New River Auto Mall, LLC) owns Hilton Head Hyundai, Audi Hilton Head, Hilton Head Volkswagen, Porsche of Hilton Head, Subaru of Hilton Head, Jaguar Land Rover Hilton Head, Hilton Head Chrysler/Jeep/Dodge/Ram, all in the Hilton Head, S.C., area; Savannah Volkswagen; and Jaguar Land Rover Columbia in Columbia, S.C. Coastal States Automotive Group, LLC, also purchased Subaru South Orlando in May in Orlando, Fla. A $1.5 million renovation is underway to provide even more improvements to the relatively new facilities.

In addition to vehicle sales and service offered at its dealerships, Coastal States Automotive Group features the state-of-the-art New River Auto Mall Collision Center that provides car and truck collision repair and paint for all brands, including aluminum body vehicles. The company also opened the New River Wellness Institute in May 2014, which is a full-service physical therapy, fitness and wellness facility. Both are located in the Hilton Head area of South Carolina.

The company also owns Coastal States Insurance Agency, an Allstate Insurance Agency located in South Carolina and Orlando. It has become an industry leader in the year since its inception.

Coastal States Automotive Group plans to expand with the acquisition of other dealerships in South Carolina, Georgia, Florida and potentially North Carolina.

Coastal States Automotive Group shareholders, in addition to President and CEO Warner Peacock, include retail automotive industry icon Don Mealey, Baseball Hall of Famer Ken Griffey, Jr., and prominent Orlando attorneys Greg Humphries and Jay Brennan.