|
Easterns Automotive Group
|
Easterns Automotive Group (also known as Eastern Motors) is a used automobile dealer in the United States. The company was founded in 1988 and the first Easterns Automotive Group dealership was opened in 1991 in Arlington, Virginia by founder Robert S. Bassam. The company currently operates 6 dealerships with a separate corporate location and reconditioning center in the mid-Atlantic region. The company's goal is offer higher quality used vehicles to the sub prime credit market. The inventory will normalyy not contain vehicles older than 6 years or priced under $9,000. The average price of a car sold at Easterns is around $15,000. The company prides itself on the ability to get customers loans that similar dealerships are unable to obtain, because of Easterns Automotive Group's 25 years of business and it's close relationships with lenders. The typical Easterns Automotive Group location is approximately , carries an inventory of approximately 80 vehicles, and turns its inventory every 30 to 60 days. On average Eastern Motors employs about 15 people per location. More than half of the inventory is purchased directly from an auction, bank or lease return. Media presence Eastern Motors advertises on television in the Washington, DC area, featuring local celebrities such as Washington Redskins linebackers Brian Orackpo and Lavar Arrington, running back Clinton Portis, quarterback Jason Campbell, tight end Chris Cooley, cornerback Carlos Rodgers, safety Sean Taylor, wide receivers Santana Moss and Antwaan Randle El, Washington Capitals left winger Alex Ovechkin, and Baltimore Ravens running back Willis McGahee, linebacker Ray Lewis, as well as comedians Gilbert Gottfried and Harland Williams, actor John Witherspoon and rappers Fat Joe and Biz Markie. The Easterns Community Care Foundation donates in excess of $225,000 a year to the community. The foundation is responsible for several car giveaways partnering with Fox Five and the Purple Heart. The company also gives away hundreds of turkeys every year to DC Central Kitchen and other food banks. Easterns Automotive Group was named "Southeast Region Dealer of the Year in 2006" by F&I magazine. Easterns Automotive has been a Top 100 buyer at Manhiem Auto auction from 2002 to present and an Automotive Finacial Co.'s Top Dealer from 2002 to present. The CEO of Easterns Automotive Group serves on the dealer council for both Capital One and Adesa/OpenLane. Easterns was also given the Award of Gratitude from The Brad Kaminsky Foundation for Brain Tumor in 2006 and 2007, and Bassam was named Business Leader of the Year in 2007.
|
|
|