Core Insights - US Auto Trust has acquired Boardwalk Auto Group, expanding its luxury dealership portfolio to include high-end brands like Ferrari, Lamborghini, Maserati, Pagani, and Czinger [1][2] Company Overview - The acquisition adds nine luxury franchises to US Auto Trust's portfolio, which already includes two Aston Martin dealerships and Lotus of San Diego, among others [3] - The founder of US Auto Trust, Ed Glazer, emphasizes the importance of delivering an ownership experience that aligns with the legacy of the acquired brands [2] Market Trends - The luxury vehicle segment is increasingly significant, with cars priced over $70,000 making up 14.1% of retail auto purchases in the U.S. during the first half of 2025, a substantial increase from 3.9% in 2019 [4] - Wealthier households are driving the current auto market, benefiting from favorable loan rates and capital access, which supports the high-end market [5] Franchise Value - The Ferrari franchise is highlighted as a particularly valuable asset within the Boardwalk acquisition, with only about 50 Ferrari dealerships in the U.S. that change ownership infrequently [5][6] - Owning a Ferrari franchise is likened to owning a sports team, where profitability can vary, but the franchises are considered tremendously valuable [6]