NOBLESVILLE — Terry Lee Hyundai and Genesis of Noblesville is now under new ownership after owner Terry Lee announced his retirement.
The dealerships were purchased by Penske Automotive Group.
“It is bittersweet to leave an industry I have worked in my entire life, but I know Penske Automotive will continue to serve the community and customers with the same high standards I and my team strove for,” Lee said in a press release. “I am especially proud of the dealerships’ innovative design, which allows them to take advantage of synergies while maintaining separate brand identities.”
It is unknown whether the name of the dealerships will change.
In 2014, Terry Lee started Terry Lee Crossing, a 72-acre commercial real estate development on Highway 37, just ten minutes north of Indianapolis in Noblesville. In 2015, he built new dealerships for the Genesis and Hyundai franchises with room for five more manufacturers or other commercial properties, creating the commercial area known as Terry Lee Crossing.
Penske says the acquisition is expected to generate annualized revenue of $80 million.
-
Pacers president Kevin Pritchard shares update on Tyrese Haliburton's recovery
Pacers star guard Tyrese Haliburton missed the entire 2025-26 Pacers season as he recovered from his torn Achilles that he suffered in Game 7 of the 2025 NBA Finals.
Fever stars Aliyah Boston, Caitlin Clark lead WNBA All-Star fan voting
Fever star center Aliyah Boston and star guard Caitlin Clark are first and second, respectively, in WNBA All-Star fan voting.
Storms and heavy rain to finish the week, scorching heat and humidity
Rain chances return to the forecast in the coming days. Flooding is something to monitor south of I-70.
New chairman vows to 'heavily scrutinize any requests' from Indiana utilities
The newly appointed chairman at the Indiana Utility Regulatory Commission vowed to “heavily scrutinize any requests” from utilities to increase their rates.
