The Vermont Drive
News for the Automotive Industry
Wells River Chevrolet Sold to Autosaver Group
Wells River, VT – Nancy Phillips Associates announces the sale of Wells River Chevrolet, owned by Jeffrey Moore, to Abel Toll, owner of Autosaver Group, a collection of 13 franchised dealerships located in Vermont, New Hampshire and New York. The transaction was finalized in Dec 2022.
Seller Jeff Moore successfully operated Wells River Chevrolet for 10 years – originally as the rare owner to purchase a General Motors dealership with no prior automotive industry experience. His vast prior experience as the successful owner and operator of two other Vermont-based firms enabled him to grow the dealership’s profitability and community presence.
Jeff explained, “It was extremely important to me to find someone who was going to take care of my staff and employees. Nancy Phillips Associates delivered the perfect buyer in Abel and his team.”
Buyer Abel Toll explained, "For the last 30 years, Nancy Phillips and her team has been responsible for many of our acquisitions. They are incredibly instrumental in bringing us the right new opportunities to enhance our dealership group. They look out for us, and even guide us in the right direction when we’re too busy to see it for ourselves. Nothing escapes their attention to detail, from start to finish, so that transactions run smoothly and seamlessly."
Nancy Phillips Associates (nancyphillips.com) specializes in sales, acquisitions and evaluations of franchised automobile dealerships throughout the Northeast.
The 2022 Phillips Report has a review of how Blue Sky Values have changed over the last few years, facility upgrade requirements, 2023 market predictions and more. .
Picture from left: Michelle Rana, Abel Toll, Pat Blackmore, Nancy Phillips, Jeffrey Moore