Capital Automotive Group Expands with Acquisition of Cloninger Dealerships
RALEIGH, N.C., Sept. 30, 2026 — Capital Automotive Group today announced a significant expansion through the acquisition of six Larry Cloninger dealerships and an independent collision center across North and South Carolina. This move not only enhances the automotive group’s footprint but also honors a legacy built over four decades between the Cloninger and Michael families, centered on relationships and community service.
The acquisition includes:
- Toyota of Florence (Florence, SC)
- Cloninger Toyota (Salisbury, NC)
- Cloninger Ford (Salisbury, NC)
- Cloninger Honda (Salisbury, NC)
- Cloninger Ford of Morganton (Morganton, NC)
- Cloninger Ford of Hickory (Hickory, NC)
- Cloninger Collision Center (Salisbury, NC)
Larry Cloninger emphasized the personal nature of this transition: “When you spend your life building something, the people you entrust it to matter tremendously.” His long-standing friendship with Tim Michael of Capital Automotive Group solidified the decision to pass on the dealerships to a trusted partner.
Tim Michael expressed gratitude for this opportunity, stating, “We are honored that Larry has trusted our family with what he has built.” Capital Automotive Group aims to carry forward the ethos of “Just Better,” reflecting shared values and commitment to customer satisfaction and employee well-being.
The acquisition not only strengthens Capital Automotive Group’s presence in North Carolina but also expands its footprint in South Carolina, adding key Toyota and Honda locations.
Both families share deep automotive roots and are committed to maintaining the legacy of family-focused operations. As part of the transition, Capital Automotive Group aims for continuity by preserving existing relationships while enhancing resources for employees and customers.
This acquisition marks a meaningful chapter for both families, connecting generations of automotive tradition and expertise.
For more information about Capital Automotive Group, visit capitalautogroup.com.
