Greystoke sells franchise rights
of Suburu, Volkswagen; plans for expansion with Kia
By Abby Morris
JOHNSON CITY -- Customers of Greystoke Chevrolet
can expect to see some new changes very soon. The dealership
recently completed a transaction that sold the Suburu and
Volkswagen portion of the franchise to another dealership.
Greystoke Chevrolet, owned by Amie Pearson and
Renee Mullins, sold the franchise rights to the Wallace Automotive
Group which has dealerships established in Kingsport and Bristol.
The sale of the franchise rights to Suburu and Volkswagen
was a project that has been in the works for a few months,
according to Mullins.
The sale came as a result of plans that Greystoke
is currently in the progress of implementing to expand the
dealership in a new direction. "We want to build a Kia and
used car supercenter," Mullins said.
Greystoke purchased the property adjacent to
its current location at 3606 Bristol Highway, and construction
has already begun for the new Kia dealership as well as the
used car supercenter, Pearson said. Mullins said the construction
should be completed in the Summer of this year.
Wallace Automotive is excited about the prospect
as well. "We have Volkswagen and Suburu in Bristol, and we
certainly understand that those are both quality vehicles,"
said Vann Avirett of Wallace Automotive. "We've been in the
automotive business in the Tri-Cities for more than 40 years."
The Wallace Automotive dealership, which will
be called Wallace Imports of Johnson City, is located at 3001-3007
Bristol Highway, near the intersection of the Bristol Highway
and Oakland Avenue. "We've been doing some fairly expensive
remodeling," said Tim C. Baker of Wallace Automotive.
In addition to the Suburu and Volkswagen lines,
Wallace Automotive will carry Suzuki models at the new dealership.
"We will have Mitsubishi in the Johnson City market in the
very near future," Avirett said.