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.
-
Caitlin Clark is only player on Fever injury report ahead of game vs. Mercury
Caitlin Clark (back) is listed as probable for the Indiana Fever’s game against the Phoenix Mercury on Wednesday.
Colts offensive lineman recognized by fellow NFL players
Indianapolis Colts offensive guard Quenton Nelson made the "NFL Top 100" list for the first time since 2022.
Meta's Oversight Board raises 'transparency' concerns over disabled accounts
A new report from Meta’s Oversight Board is calling on Facebook’s parent company to address transparency and “due process” concerns regarding how it disables accounts.
Caitlin Clark explains the technical foul she got in win vs. Mercury
Caitlin Clark received a technical foul in the fourth quarter, her fifth of the year. She explained the technical foul after the game.
