The Dave Cantin Group (DCG) announced the closings of two California dealership transactions in a one-week period in June, a sign of growing momentum in the 2025 automotive buy/sell market and interest in the state.
The sales included Audi West Covina in West Covina, CA, and One Subaru in Hayward, CA, which has been renamed to Subaru of Hayward.
Audi West Covina was sold by Envision Motors to Victor Oh of Grace Motorcars. The transaction was the third divestiture DCG has supported for Envision Motors as it aligns its portfolio to focus on long-term strategic growth. The deal closed June 10.
One Subaru, now known as Subaru of Hayward, was sold by Brian and Devin McCafferty to Uwe and Chris Waizenegger, who also own Mercedes-Benz of Pleasanton. DCG helped the seller strategically divest while supporting the buyers in acquiring a high-potential open point in a prime Bay Area market. That deal closed June 16.
“California is seeing an uptick of interest from the industry and there’s some pending legislation which will make the state much more attractive,” said Dave Cantin, CEO of DCG. “Each of these California closings required navigating different dynamics, from OEM right-of-first-refusal provisions to complex family partnerships and strategic divestitures. Our team’s ability to deliver trusted counsel and smart strategy is what helps us continue to drive meaningful outcomes for our clients.”
