Kerrigan Advisors Represents Gossett Motor Cars on the Sale of Four Kia and Hyundai Dealerships in Memphis, Tennessee to Lithia Motors
Key Highlights
- ➤Lithia Motors acquires four Kia and Hyundai dealerships in Memphis
- ➤Acquisition more than doubles Lithia’s presence in Memphis
- ➤Kerrigan Advisors reaches 474 franchises sold since its 2014 founding
- ➤Kia September sales rose 18%; third-quarter sales increased 8%
- ➤Hyundai third-quarter sales increased 3% year-over-year, following 2025 record sales
Expert Statements
Al Gossett, President, CEO and Founder of Gossett Motor Cars
“Serving Memphis has been a privilege for our family, and I am proud of the Gossett team, whose hard work and dedication made these dealerships what they are today.”
Al Gossett, President, CEO and Founder of Gossett Motor Cars
“This was a strategic decision for our group. It allows our team to focus our efforts on our remaining eight dealerships, and Lithia’s recent expansion in Memphis made them the right partner for our Kia and Hyundai stores.”
Al Gossett, President, CEO and Founder of Gossett Motor Cars
“We are confident our employees and customers are in great hands with Lithia, and we are grateful to the Kerrigan Advisors team for guiding us through this sale process.”
Al Gossett, President, CEO and Founder of Gossett Motor Cars
“Their professionalism, discretion and commitment to our best interests made a complex decision feel seamless, and I would recommend them to any dealer considering a sale.”
Chris Gempton, Senior Vice President of Kerrigan Advisors
“It was an honor to represent Memphis’ largest privately owned dealership group in this sale.”
Chris Gempton, Senior Vice President of Kerrigan Advisors
“It is rare to find multiple points for both brands in one market, especially in the South.”
Chris Gempton, Senior Vice President of Kerrigan Advisors
“We thank the Gossett family for the trust they placed in our firm and congratulate Lithia on this acquisition.”
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors
“Kia and Hyundai are among the strongest non-luxury franchises in today’s active buy/sell market, and this transaction reflects the buyer demand we are seeing for both brands.”
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors
“Rising demand for Kia dealerships led us to raise Kia’s valuation multiple in both the first and second quarters of 2026 in The Blue Sky Report®.”
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors
“Business-friendly and growth markets increasingly drive blue sky value premiums, which bodes well for markets like Tennessee.”
Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors
“Congratulations to Al Gossett and Lithia on a successful transaction.”
Kerrigan Advisors Represents Gossett Motor Cars on the Sale of Four Kia and Hyundai Dealerships in Memphis, Tennessee to Lithia Motors
Transaction represents Kerrigan Advisors’ 32(nd) franchise sold in the South in the last four months, leading the industry
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