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Alderson Luxury Car Dealerships Bought Out by Cavender Auto
Alderson Luxury Car dealerships in Midland and Lubbock will soon be getting new ownership.
According to the Midland Reporter-Telegram, the Alderson dealership on Andrews Hwy in Midland will soon be getting a new name.
The Cavender Auto Family out of San Antonio has bought the Alderson Automotive Group in Midland and Lubbock.
Cavender Auto Family will keep all 230 employees of Alderson and rebrand the dealerships with the Cavender name.
“The Alderson Auto Group has a 72-year tradition of automotive excellence in the Luxury Automotive space,” said Stephen Cavender. “David Alderson has been a family friend of ours for over 25 years. His care and contributions to his community, his customers and his associates mirror the very values that have built the Cavender Auto Family’s success over the last 81 years. We are excited to carry on this fine tradition, serve this vibrant community and welcome the Alderson associat
Lubbock s second-longest tenured auto dealership family is exiting the automotive business.
Monday afternoon, the San Antonio-based Cavender Auto Family officially announced the acquisition of the Alderson Automotive Group.
Alderson started in Lubbock on September 1, 1949 and the Cadillac dealership sold 143 new vehicles in its first year of business. (Scoggin-Dickey is the oldest dealership in Lubbock, marking 90 years in 2019; founded in 1929 by A.L. Scoggin and J. Ray Dickey.)
The Alderson Automotive Group for all of its history specialized in selling luxury automotive brands, such as Cadillac, BMW, Mercedes Benz, and Lexus. In 2021 Alderson had a total of 8 dealerships, six in Lubbock and two in Midland.