LOS ANGELES -

HGreg.com showed again on Wednesday why it’s one of the fastest-growing automotive groups in North America.

The company announced that it has acquired Buena Park Nissan and Puente Hills Nissan, two established retailers located in the greater Los Angeles area.

According to a news release, the total value of the investment, including a robust inventory and renovations to upgrade to the next-generation storefront design, is estimated at a value of more than $100 million.

Company leadership said the acquisition enables HGreg to continue its growth plans for the West Coast, expand its inventory of quality, pre-owned vehicles and, ultimately, help customers save more, drive happier and enjoy the omnichannel vehicle buying journey that it has committed to streamlining. 

“The response we’ve received since opening our first storefront and fulfillment center in L.A. last December has been astounding,” HGreg.com president and chief executive officer John Hairabedian said in the news release. “It certainly contributed to driving us forward, and faster, in our expansion plans.”

Effective immediately, the company said these locations will also offer the in-person and online services that HGreg.com has become known for including:

—Same-day delivery
—Contactless car-buying options
—Five-day money-back policy
—Payment by cryptocurrency
—Access to a deep and varied assortment of quality, carefully inspected pre-owned vehicles.

“Adding transparency throughout the car-buying journey, especially online, helps our customers truly enjoy their experience,” Hairabedian said. “It also gives them the confidence and reassurance that they can do this again – just as easily – whenever they’re looking to upgrade their vehicle or adjust their lifestyle.”

Located at 6501 Auto Center Drive in Buena Park, Calif., and 17320 Gale Ave in Industry, Calif., the new locations will be known as HGreg Nissan Buena Park and HGreg Nissan Puente Hills.

The company highlighted each contains a showroom, office space, services building, multi-story parking and an inventory of more than 500 quality new and pre-owned vehicles.

From a base of 150 employees between both locations, HGreg said it is embarking on a recruitment effort to fill up to 30 additional positions.

“The company stands apart from many in the industry by insisting that sales representatives do not receive a commission based on the value of a vehicle,” HGreg said, while adding that it’s encouraging applications to be submitted at HGreg.com/careers.