Newspaper article THE JOURNAL RECORD

Auto Dealership Merger Marks First for City Area

Newspaper article THE JOURNAL RECORD

Auto Dealership Merger Marks First for City Area

Article excerpt

When Dwight Powers completed sale of his Buick dealership, it was the beginning of "one of the largest happenings" in the local automotive retail industry, he said Wednesday.

After General Motors Corp. and Buick Division officials give their approval, the Powers Executive Buick franchise will move from its current location, 6220 N. May Ave., to become a dual franchise with Smicklas Chevrolet, 5301 N. May Ave.

"I am pleased to announce one of the greatest mergers of two franchises in the metro area. It is a first for Buick and Chevrolet to duo at one location in a metropolis," Powers said. "This could be one of the largest happenings of our time for both the franchises as well as the public.

"Mr. John Smicklas has planned to build a new facility at his current location to house the Buick line, as well as expand his work force to create more jobs for individuals."

Of the 55 employees of the Buick dealership, seven will be transferred to Powers Honda-Mitsubishi in Edmond while the others will join the Smicklas workforce.

Terms of the sale, which was completed Monday, were not announced.

Smicklas purchased only the new car and parts inventory, Powers said. Buick repair equipment will be sold and some will be transferred to the Edmond location.

Smicklas could not be reached for comment Wednesday.

In an unrelated transaction, Powers sold Powers Executive Used Cars, 6433 Northwest 39th St. Expresssway in Bethany, to Don Bolen, president of Bolen Oldsmobile. That sale also was completed Monday, Powers said.

The used car operation will be renamed Downtown Don's Used Cars and remain at the same location. All four employees there were transferred to Edmond. This increase the Powers Honda-Mitsubishi workforce to 75.

Only the used car inventory was sold to Bolen, Powers will retain ownership of the land and buildings, he said.

He would not disclose terms of the sale. …

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