The Hare family, which started in the transportation business in 1847 as a maker and seller of horse-drawn carriages, has sold Noblesville, Ind.-based Hare Chevrolet to Duluth, Ga.-based Asbury Automotive Group,
the
Indianapolis Star
reported.
Sixth-generation sisters Monica Peck, 52, and Courtney Cole, 45, have run the dealership since 2008. Cole has stage 4 lung cancer. Peck told the
Star
that her sister's health was not the only factor they considered in making the decision to sell.
Asbury made the family “an offer we couldn't refuse” and promised to keep Hare Chevrolet's 250 employees, Peck told the
Star
.
Asbury, which is publicly traded, operates 99 dealerships and generated revenues of $6.6 billion in 2015, the
Star
report said. The Hare acquisition marks Asbury's entry into Indiana, the article said.
“Peck and Cole have no other siblings and are the sole heirs to Hare Chevrolet, their mother Jackie Hare Cox having been an only child,” the
Star
report said. “Between them they have four children, but the oldest is just 14.”
Peck and Cole, who advertised the dealership on local radio as the “Sisters of Savings,” have agreed to continue making commercials for several years, the
Star
report said. (Source:
Indianapolis Star,
Jan. 31, 2017.)
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