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Ferraris in Family-Owned Dealers Lure Auto Tycoon Cogan

Marshall Cogan, the founder of one of the largest car retailers in the U.S., plans to buy as many as six Brazilian luxury dealerships for about 1 billion reais ($430 million), seeing opportunity to double profit and sales at privately run shops.

“This is the largest retail area in all of Brazil that has not been consolidated and introduced best practices,” Cogan, 76, said in an interview this week. “It’s still run by private families living off the business.”