Alton Brobst If you are a Subaru car enthusiast, you have likely heard rumors about the ownership of Young Subaru in Utah. Whispers in the automotive industry suggest that Jerry Singer, a well-known businessman in the area, owns the dealership. So, is it true? In this article, we will explore the history of Young Subaru, its ownership, the achievements of the dealership, and, of course, dive in to determine if Jerry Singer is or was, in fact, the owner.
The Inception and Growth of Young Subaru
Young Subaru opened its doors in 1924, originally selling Dodge and Plymouth vehicles in Ogden, Utah. In 1973, the dealership started selling Subarus, and it quickly became the "bread and butter" of the business. In 1997, Young Subaru was bought by the Ken Garff Automotive Group, which continued to expand the dealership’s reach.
The dealership underwent an extensive remodel in 2011, updating the showroom to provide a more comfortable and modern environment for customers. Throughout its history, Young Subaru has prided itself on providing excellent service and sales to customers, ensuring that they walk away satisfied with their purchase or service.
Ownership of Young Subaru
Now, let’s dive into the ownership of Young Subaru and whether Jerry Singer is the owner. The rumors circulating the industry suggest that Singer was the original owner and still maintains ownership to this day, albeit in a more covert manner. However, this couldn’t be further from the truth.
As previously mentioned, Young Subaru was purchased by the Ken Garff Automotive Group in 1997 and is still owned by them. Jerry Singer has no ownership interest in the dealership, past or present. Instead, Singer’s involvement with the dealership is in connection to his work with The Jerry Seiner Dealerships.
The Achievements of Young Subaru
One of the reasons why Young Subaru has become a popular destination for Subaru enthusiasts in Utah is due to the many awards the dealership has received over the years. For example, it has been recognized as the "Best of State – Automotive Retail Dealer" in Utah 10 times! The dealership is also a proud supporter of several local charities, including the Make-A-Wish Foundation, the Boys and Girls Club of Weber County, and more.
The Evolution of Subaru Ownership
While Jerry Singer is not the owner of Young Subaru, it’s worth noting the evolution of Subaru ownership over the years. The company was originally a division of Fuji Heavy Industries, which owned 51% of the company’s shares, with the remaining 49% owned by four other Japanese companies.
In 2005, Toyota purchased an 8.7% stake in Subaru’s parent company, Fuji Heavy Industries. Later, in 2008, General Motors sold its 20% stake in Fuji Heavy Industries to Toyota. As of today, Toyota owns a 16.8% stake in the company, with the majority of the remaining shares owned by individual shareholders.
FAQ:
Q: Who owns Young Subaru?
A: Young Subaru is owned by the Ken Garff Automotive Group.
Q: Is Jerry Singer the owner of Young Subaru?
A: No, Jerry Singer has no ownership interest or stake in Young Subaru.
Q: How long has Young Subaru been in business?
A: Young Subaru has been in business since 1924, originally selling Dodge and Plymouth vehicles.
Q: What awards has Young Subaru won?
A: Young Subaru has been recognized as the "Best of State – Automotive Retail Dealer" in Utah 10 times.
Q: Who originally founded Subaru?
A: Subaru was founded as a division of Fuji Heavy Industries, which eventually became its parent company.
Final Thoughts
While Jerry Singer has no ownership interest in Young Subaru, the dealership remains a popular destination for Subaru enthusiasts in Utah. With a long history of excellent customer service, impressive awards, and community involvement, Young Subaru continues to thrive under the ownership of the Ken Garff Automotive Group. As for Jerry Singer, his connection to the dealership is more in a business capacity than a personal one. The rumors about his ownership of the dealership are simply that – rumors.
