Effective immediately, Autonation Hyundai 104 will move to 10450 Federal Blvd, Westminster, under the new name Foundation Hyundai
Westminster, Colo.— Foundation Automotive Corp. has announced the addition of Foundation Hyundai in Westminster, Colo. Foundation Hyundai will be the seventh acquisition to the Denver market and will be part of the Medved Autoplex family.
Effective immediately, Autonation Hyundai 104 will move to 10450 Federal Blvd, Westminster under the new name Foundation Hyundai.
“Foundation Hyundai will be our 22nd acquisition since September 2018. I’d like to thank Hyundai Motor America and Hyundai Capital America for their true professionalism and support. We’re excited about the growth and opportunity and a great future with Hyundai,” said Kevin Kutschinski, CEO and president of Foundation Automotive Corp.
“We would also like to thank Autonation, particularly their M&A team, for a smooth transaction, true professionalism, and work in a timely fashion. Foundation Automotive is participating in an additional 16-18 acquisitions for 2021.”
“We’re excited to be adding the Hyundai brand to our Foundation platform here in Colorado. Since Foundation entered the Colorado market in August of 2020, every single one of our stores has had incredible year-over-year gains. We currently have the No. 1 Chevrolet store not only in the state of Colorado, but in the zone,” said Josh Letis, managing partner of Medved Autoplex.
“We’ve had our eye on Hyundai as a manufacturer for a while now; and of course we want to add more stores to the Denver market. It also gives our customers one more option to shop so we can keep them in the family. We’re excited for this purchase and looking forward to adding to our success in the Colorado market.”
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