Anonymous
Anonymous asked in Cars & TransportationCar MakesHonda · 1 month ago

If car dealers have the same name, are they owned by the owner?

For example, there is the Norm Reeves Honda name but there are dealers named Norm Reeves Honda Irvine, Norm Reeves Honda Cerritos, Norm Reeves Honda Huntington Beach, Norm Reeves Honda West Covina.

Then there are the Norm Reeves Volkswagen, Norm Reeves Ford, etc. Because they all have "Norm Reeves" in their name, are they owned by the same owner?

5 Answers

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  • 4 weeks ago

    Probably not. Due to tax regulations, these dealerships are part of a corporation started by Reeves but operate with a varied assortment of people on the board of directors. 

  • 1 month ago

    Normally they would be all under common ownership, but there are situations where a broker may have different partners or investors involved in some of the dealers.

  • Scott
    Lv 6
    1 month ago

    You're very perceptive. My guess is Norm Reeves owns them all.

  • 1 month ago

    What amazing powers of perception you possess. 

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  • Mark
    Lv 7
    1 month ago

    Usually, yes...

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