Palmdale Kia in California was recently sold by Nouri/Shaver Automotive Group to Trust Auto Group, according to Performance Brokerage Services, which served as sell-side advisors.
The dealership will be renamed Trust Kia of Palmdale and will remain at 438 Auto Vista Drive in Palmdale.
Nouri/Shaver Automotive Group, led by co-owners Bob Nouri and Pete Shaver and CEO Armina Mgerian, operates 16 franchised dealerships in California and Oregon. The group ranks No. 40 in Automotive News’ Top 150 Dealership Groups based on new-vehicle sales in 2024, generating more than $2 billion in revenue, and employing more than 2,000 people.
New owner Trust Auto Group is a locally owned and operated dealership group with five locations across Costa Mesa, Lancaster and Palmdale, CA. The group represents brands including Honda, Subaru, Kia and Lotus.
Over the last five years, Performance Brokerage Services has advised on the sale of nearly 400 dealerships, making it the highest volume dealership brokerage firm in North America. This was the firm’s fifth transaction working with Nouri/Shaver Automotive Group.
Nouri/Shaver Automotive Group was represented by Monica Hoenshell of Calvert Law Firm in Oklahoma City, OK.
