In February, Luis Somoano acquired his fourth Ford Motor Co. franchise in the Miami area. His Doral Automotive Group now includes two Ford and two Lincoln dealerships.
For Somoano, acquiring a second Ford dealer was a family-related decision, he told WardsAuto in a Zoom call. He wanted to give his daughters Karen and Kristy, both of whom work for his Doral Automotive Group, a better chance of future success.
“Thinking about the future,” Somoano said, “I know that inventory will be vital to survive, and also scale.”…