Dudley Toyota dealer to change hands; remain open
A long-standing auto dealership in Dudley, Tri-State Toyota, will become McGee Toyota of Dudley as the community’s only new car dealership cleared its final hurdle towards a sale Monday night.
The sale of the dealership from Peter Krause of Tri-State Automotive Associates Inc. to Sean and Michael McGee Inc. cleared its final barrier when town selectmen Monday night voted to transfer the license, which came after Toyota Motor Sales USA Inc. approved the deal in an October letter.
Final negotiations of the sale are set for Wednesday, Krause said. The parties declined to disclose the intended financial terms of the sale.
McGee already owns three dealerships in the eastern part of the state: McGee Toyota of Hanover, McGee Chevrolet of Raynham and the McGee Pre-Owned Superstore in Pembroke.
The dealership on Main Street is a fixture of the Dudley community, and McGee Toyota will continue to be the town’s only Class 1 automobile sales license, although the community does have a number of Class 2 used car licenses.
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