Dalton Corp., a large Mexican company with businesses in several industries including auto retail, entered the U.S. dealership market in November with the purchase of two California stores after searching for years for the right fit. And it wants to add more north of the Mexican border.
Dalton, of Guadalajara in western Mexico, on Nov. 29 bought Frank Toyota and Frank Subaru, both in National City, near San Diego, from longtime owners Ron Fornaca and Gary Fenelli.
Entry into U.S. dealership ownership is rare for auto retailers based in Mexico, dealership buy-sell brokers say, as most cross-border transactions have involved Canadian buyers broadening their holdings in the U.S.
"It was a process for us," Juan Carlos Rodriguez-Villava, COO of Dalton Motors, a division of Dalton Corp., told Automotive News. "It took around seven to eight years. By the time we were ready, which was probably a little before last year, we decided to start exploring. And we did…