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Joseph Riddick "Rick" Hendrick III (born July 12, 1949) is an American businessman. He is best known as the owner of the NASCAR team Hendrick Motorsports.He is also a co-owner of JR Motorsports and founder of the Hendrick Automotive Group, a network of over 100 car dealerships.
Penske Motor Group is an El Monte, California, U.S.–based, subsidiary of Penske Corporation, managed by Gregory Penske.The group operates three automobile dealerships in California: Longo Toyota and Longo Lexus in the Greater Los Angeles Area and Lexus of Stevens Creek in the San Francisco Bay Area.
Hendrick Motorsports and GM ceased the project in 1988. Hendrick Motorsports expanded its NASCAR efforts to two full-time cars in 1986, three in 1987, and four in 2002. [6] [7] [8] It was one of the first teams in NASCAR to be successful operating multiple entries, partly based on the model used at the Hendrick car dealerships.
In 2009, during the great recession, AutoNation announced a newly formed AutoNation Payment Protection program, promising that the dealership will buy back any car at market value, should the owner lose their job. [20] By 2011, AutoNation was the first auto retailer in the U.S. to sell a total of 8 million vehicles. [21]
In 2003, Ward's Dealer Business, a publication of PRIMEDIA’s Ward's Communications, presented Herb Chambers Companies with the Ward's Dealer of the Year award "for honesty, exemplary customer service and employee care". [27] Also in 2003, J.D. Power and Associates awarded 7 of the Herb Chambers dealerships with the Certified Retailer award. [28]
In 2002, Sonic acquired the sixteen-location Michigan-based Don Massey Dealerships. This brought the company to 134 total locations, making it the second-largest automotive retailer at the time. The acquisition also brought Sonic to 23 total Cadillac dealerships, representing between 5-7% of the brand's total revenue. [13]