HGREG EXPANDS INTO TEXAS WITH THE OPENING OF A FLAGSHIP DEALERSHIP IN HOUSTON, SET TO BE LARGEST IN THE STATE

Houston, December 4, 2023 – HGreg announces today its expansion into Texas with the
acquisition of a landmark dealership located at 6737 Southwest Fwy in West Houston, known
for its iconic gable roof showroom. The location is set to open mid-December. The newest of
HGreg’s 10 dealership locations, the property features a remodeled, 82,500 sq. ft. showroom,
7.74 acres of land, a service center and guest lounge. When the dealership first opened in 1966,
it was billed as the “the most modern building in the world.” Now under new ownership and
management, HGreg has committed to making it the largest dealership in Texas in terms of car
inventory.
“We’ve been patiently awaiting this opportunity,” said HGreg president and CEO John
Hairabedian. “We have had our eyes on Texas for the past few years and are delighted that our
entry into the Lone Star state is founded upon such a historic location with rich and deep roots.
Our entire team is excited to deliver our promise of ‘save more, drive happy’ to customers in
the Greater Houston area and beyond.”
The property represents an initial investment of USD$ 55 million, of which $22 million were
invested to acquire the real estate and renovate the location to create a state-of-the-art retail
facility. Known for its hassle-free service, large selection of cars, efficient and transparent user
experience and low prices, HGreg Houston is now looking to hire some 100 full and part time
staff.
With dealerships in California since 2020, Florida since 2010 and Quebec, Canada since 1993,
the company now has a presence in three of the largest new and used car sales markets in the
nation.
“Customers want a wide variety of car options, low prices and a frictionless car buying
experience,” continues Hairabedian. “This is what they find at HGreg and is one of the main
reasons our company has succeeded wherever we’ve put down roots.”
HGreg intends to offer Houston a one-of-a-kind shopping experience, as well as the in-person
and online services that HGreg has become known for including same-day delivery, contactless
car-buying options, five-day money-back policy, payment by cryptocurrency and access up to

5,000 certified carefully inspected pre-owned vehicles, the largest inventory of pre-owned
quality cars on the market.

The company, which recently celebrated its 30th anniversary, continues to invest in its
presence in North America and plans further expansion into new markets to be announced in
the months to come.
About HGreg
Founded in 1993, HGreg is committed to simplifying the vehicle purchasing process through its
values of excellence, transparency, technological innovation, and a refreshing customer-
focused philosophy. With a passionate team of car enthusiasts, HGreg operates dealerships in
the United States and Canada, offering new and used vehicles. Learn more by visiting
HGreg.com or follow the company on Instagram, Twitter and Facebook at @HGregAuto.

– 30 –

Media contact:
Dalia Esposito
Torchia
Communications
514 654-2635
dalia@torchiacom.com