Ira Motor Group buys 2 AutoFair dealerships

October 24, 2005

NH Business Review Staff,

The Danvers, Mass.-based Ira Motor Group has acquired the AutoFair Toyota and Lexus dealerships of Manchester, along with AutoFair’s facility at 33 Auto Center Road in Manchester.

The transaction is expected to close in January 2006. No purchase price was announced.

David Rosenberg, Ira’s president, said the new dealerships will be the 13th and 14th overall in the Ira Motor Group and will be called Ira Lexus of Manchester and Ira Toyota of Manchester. Most employees of the Toyota and Lexus dealerships are expected to be retained by the Ira Motor Group.

AutoFair will continue to own and operate its Ford, Hyundai, and Honda dealerships, said Dan Prior, president of AutoFair.

The acquisition follows Ira’s acquisition in May of Holloway BMW , which now operates as BMW of Stratham on New Hampshire’s Seacoast. == NHBR STAFF REPORT

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