Tim Lamb, President of the Tim Lamb Group, the largest auto dealership sales and acquisitions firm in North America, has brokered the sale of the Cain Toyota and Cain BMW Dealerships in North Canton, OH to Five Star Automotive Group. Lamb, facilitated the deal which closed on April 26, 2023 between owners David and Brian Cain and Five Star Automotive Group. Cain Toyota, now known as, Toyota of North Canton is located at 6527 Whipple Ave, NW and Cain BMW, now known as BMW of North Canton, is located at 6461 Whipple Ave. NW both in North Canton, OH.
The two image facilities sit side-by-side on approximately 10 acres. The 20,102 square foot BMW store includes a 13,092 square foot showroom and second-story office space as well as 7,010 square feet for parts and service. The 40,862 square foot Toyota store includes 11,946 square feet for showroom and administration offices along with 28,916 square feet dedicated to parts and service. The Toyota location is one of their highest expected sales dealerships in the state of Ohio. Both BMW and Toyota of North Canton continue to offer a wide selection of new, used, and certified pre-owned vehicles.
“It was a hard decision for us to make, but we felt that the time was right for us to sell,” says David Cain, Dealer Principal for Cain Motors.
“Choosing Tim Lamb to represent us with this transaction was an easy decision and just felt right from our initial conversation all the way through closing,” says Brian Cain, Dealer Operator for Cain Motors.
Five Star Automotive Group is a family-owned company headquartered in Atlanta, Georgia, with locations in Georgia, Tennessee, Alabama, South Carolina, Indiana, and Ohio and have been in business since 1986. The purchase of these two dealerships marks Five Star Automotive’s thirty-second rooftop location, their fifth dealership in Ohio, third Toyota dealership, second BMW dealership, and the eleventh dealership purchased from Tim Lamb Group.
In most recent years, the Toyota brand has become one of the most sought-after franchises in the industry, ranking first in Interbrand’s 2022 most valuable automotive brands. Toyota North Canton is the seventh Toyota dealership that the Tim Lamb Group has brokered in the past year.