The company that owns Capital Ford and more than a dozen other dealerships has acquired Bobby Murray Chevrolet, which has been a fixture in Raleigh for half a century.
Raleigh-based Capital Automotive Group of North Carolina acquired the Chevrolet dealership this week. Financial terms weren’t disclosed. The deal means that the Bobby Murray name will no longer grace the dealership at 1820 Capital Boulevard. Its name is being changed to Capital Chevrolet.
The families behind the two dealership have long-standing ties.
“One of our founding partners, Hubert Parks, and (dealership founder) Bobby Murray were best of friends for decades,” said Tim Michael, principal at Capital Automotive. Capital Automotive is part of the Parks-Michael Automotive Group, which is based in Winston-Salem and owns more than 30 auto dealerships and 15 Carolina Collision Centers.
Michael also said Capital intends to “maintain most all of the wonderful staff of employees that made Bobby Murray Chevy a jewel in GM’s Crown.”
“We couldn’t find a better home for the business my dad began than Capital Auto Group,” owner Bobby Murray Jr. said in a statement.
Officials at the two companies couldn’t immediately be reached for additional comment.
The new general manager of Capital Chevrolet is Josh Barbour, who has been with Capital Auto Group for nearly 13 years. He previously was general manager of Capital Ford of Wilmington.
Capital Auto Group owns dealerships statewide. In addition to Chevrolet and Ford, its auto brands include Lincoln, Honda, Nissan, Chrysler-Jeep-Dodge-Ram, Subaru, Mazda, Hyundai, Polaris/Gem, Fuso Trucks, Yamaha and Kia.