Used Cars New Bedford Ma – Rick Torres, owner of Empire Hyundai, will buy Ashley Ford from New Bedford next week. The dealer will take the name Empire Ford of New Bedford. “It’s a busy year,” Torres said. “We want to expand our business.” Bob Bancroft, owner of Ashley Ford, said that selling was a big decision, but he was 61 years old and tired of traveling 100 miles a day between Barnstable and New Bedford.
“I have no more energy,” he said. He considered the time to be good in terms of the value of the Ford franchise – which was almost zero in the depths of the 2008 financial crisis, but recovered well, he said. When the economy returns, hidden truck demand from contractors helps Ford.
Used Cars New Bedford Ma
“I have been on the most extreme roller coaster you can have in this business,” he said.
His father had Ashley Ford before him, but was founded before their ownership, under a different name, in the early 20th century, according to Bancroft. It began near Clasky Common and moved to Mount Pleasant Street in 1963.
The current location was officially opened in 1964, with the Mustang convertible parade carrying local contest winners, Bancroft said. That was the year Ford launched Mustang. The dealer provides fashion wigs to women who see cars, he said.
Although he lives in Barnstable now, Bancroft was born and raised in the South End of New Bedford, on Willard Street, until his family moved to Cape Cod before he graduated from high school.
“I will miss everyone,” he said.
Ashley Ford regularly manages local school fundraising as part of the UR School’s Ford Drive 4 program, which gives schools $ 20 per test drive taken during one-day events.
Bancroft said he believed dealers under Torres would continue to be the type of shop that pays attention to its customers well.
“And that’s sincere. I mean, “he said.
Closure is set for April 18.
“I will cry all the way home. Maybe, “he said. “I have never done anything else.”
Empire Hyundai, at 428 Pleasant St., in Fall River, expanded its operations last year when it bought land on 2153 GAR Highway, Swansea, and opened the Empire New To You, a dealer featuring used cars.
Ashley Ford, at 395 Mount Pleasant St, New Bedford, continued the expansion, Torres said.
“Our 10-year plan is to grow from three stores, now, to 10 to 15 stores and store them all on the Interstate 95 and 195 corridors,” he said. “We want to keep everything within 30 miles of Fall River.
“Purchasing power, with more shops, extraordinary. There is a lot of bang for your money when you deal with your vendor. ”
Buying new and used cars for less allows them to sell less, he said.
Torres said he planned to improve staff at Ashley Ford, immediately adding eight sales people and three managers.
“We will double the workforce in a year,” he said.
The dealer has three hectares of land and a building of 26,000 square feet, so it can accommodate expansion, Torres said.
“We received an additional allocation of 100 new trucks,” Torres said. “They are in the process of shipping. “We will have 100 pre-owned units sent next week.”
This new dealer will also have access to banking businesses that have done business with Empire, Torres said. They have banks and loan companies that are willing to lend to people with problem loans, he said.
“We can handle that,” he said. “We will bring all our banking relationships to dealers.”
The grand opening is planned for May 1.
The purchase did not change the relationship between the Empire or the Torres family to the city, Torres said.
“My family arrived on Fall River in 1898,” he said. “We didn’t leave Fall River.”
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