BILLION AUTO TO BUY HOAK MOTORS

A WELL KNOWN SIOUX CITY AUTO DEALERSHIP IS ABOUT TO CHANGE OWNERS.  HOAK MOTORS IS BEING PURCHASED BY BILLION AUTOMOTIVE OF SIOUX FALLS.

COMPANY SPOKESMAN CHRIS HOAK SAYS THE SALE IS IN PROCESS, AND SHOULD BE FINALIZED IN JULY.

HOAK SAYS BILLION APPROACHED THEM WITH AN OFFER AND THAT THE TIMING IS RIGHT FOR THE SALE.

HE SAYS THE LOCAL EMPLOYEES ARE EXPECTED TO RETAIN THEIR JOBS UNDER THE NEW OWNERSHIP.

HOAK MOTORS WAS FOUNDED BY RICHARD HOAK SENIOR IN 1946 AND HAS BEEN OPERATED BY THREE GENERATIONS OF THE FAMILY.

THE DEALERSHIP MOVED FROM ITS FORMER DOWNTOWN LOCATION TO 4300 SOUTHGATE DRIVE IN 2005.