What major issues do Porsche dealers face? I was so excited to live my dream, I did not realize the guts it took to start a dealership group during the Great Recession. He added, But the stars seemed to align. That was more than double the rate of 10 years prior, 3.5 percent in 2005. Copyright 2005-2023 Blue Equity. "We don't just sell cars - we sell a lifestyle," Lawrence said. The company sticks with Porsche as an anchor tenant when it starts in a new city, Blue said, because Porsche "has found the perfect equilibrium between supply and demand. And pictures of his cars and garage (auto museum, as he calls it) have been posted and revered on online car lover forums for upwards of a decade now. (Michael Starghill, Jr.), Todd Blue shows a Porsche 918 Spyder and a Porsche 1600. For someone who did not grow up in the industry, Blue, who always loved sports cars, had an unusual fascination with the automobile industry. Your email address will not be published. And Blue, the 48-year-old CEO of indiGO Auto Group, envisions greater growth ahead. 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A circular motorcourt has parking for 10 vehicles, in addition to the four-car garage. The Color tool will provide a solid background color versus a gradient. Automotive News: How was 2017 for Porsche dealers? The family business was sold in 1998 while Blue was executive vice president, so he took the money he made and bought some classic cars. His criteria were luxury and performance brands in either a Tier One city or a special high net-worth location. Todd Blue, chairman and CEO of IndiGO Auto Group, at Porsche of St. Louis. By: Momentum Marketing April 2, 2010 - PRLog -- IndiGO Classic Cars Acquires Porsche of North Houston Even the incessant oil slump hasn't taken the edge off Houston's market for high-end toys - and the new. Now, when he looks at possible acquisitions he doesnt look at the published multiples for a franchise, Blue told Automotive Buy Sell Report. This directory covers Todd Blue Education Todd Blue studied at George Washington University. A phone number associated with this person is (702) . The ocean-view property is located only a few minutes drive away from their new Point Dume auto museum. It's a market for the top tier of spenders in Houston, a city noted for America's fastest-growing population of multimillionaires in 2014 at the height of the shale boom. During his tenure as Dealer Principal, multiple franchises for Audi, Jaguar, Land Rover, Lamborghini, Rolls-Royce, McLaren and single points for Aston Martin, Bentley, BMW as well as four Porsche dealerships were acquired in Houston, St Louis as well as Rancho Mirage, Palm Springs, Riverside and Marin County, California. Dealership points were awarded for Porsche in San Francisco, Little Rock Arkansas as well as Ferrari in St Louis. As the only dealer in the selected by Porsche to do so, Todd served on the design committee as Destination Porsche (Porsches future design for it retail dealerships around the globe) was conceived. The bedroom at the garage is . The connectivity to the dealer body is outstanding. there is also a small, loft-like living space above the garage. In 2017, he formed a strategic alliance with Pon Holdings of the Netherlands, which has become the companys largest investor. All of them are located either in Louisville, Houston, or Rancho Mirage. She is currently in the headlines due to her upcoming show Growing up with Chrisley. Our investment efforts and managerial capabilities are focused on the operation of a global and diversified portfolio. It was then that David Blusinsky (his last name later shortened to Blue) immigrated to the United States and co-founded the Louisville Scrap Material Company in Louisville, Kentucky. (Surprisingly, we never heard back from Mr. Talla. Send us a tip using our anonymous form. Get the latest scoop directly in your inbox. Accelerating Opportunity. "If I hadn't taken that chance, I'd have regretted it forever.". Knowing that our employees, in a confidential survey, would confirm that our dealerships exceed their expectations is a great accomplishment, he said. As indigo is mixed, there are many different shades available, sometimes causing confusion over what the 'true' color is meant to be. If you've got less than perfect credit, Indigo Mastercard will help you make your dreams a reality.. Indigo proudly serves the punk rock record collector, the novice cheese maker, the too-long scarf knitter, the neighborhood cat rescuer and you, the true original. Come on, Mr. Blue, it wouldnt hurt. In Harris County, 7.3 percent of households took home more than $200,000 per year in 2015, the latest year with available data, according to the U.S. Census Bureau. Back in early 2014, Mr. Talla purchased the property for just $7,060,000. She was diagnosed with an anxiety disorder. Porsche has committed to a major push on electric. Particularly since the listing mentioned that the acoustically engineered structure could be converted into a recording studio. What: Dec My Room "Spring Into Fashion"fundraiser Where: Neiman Marcus PC Moment: Ten philanthropic (not to mention easy on the eyes) couples dressed in au courant Neiman Marcus fashions and . Lying there in the darkness are his 14 sleeping beastly beauties, each one so cold and immobile yet possessed of so much awesome firepower. Choose the right Crunchbase solution for you Start Your Free Trial One of Mr. Blues nearest new Malibu neighbors is professional basketball star DeAndre Jordan, who recently plunked down $10 million for a smaller but similar Tuscan-esque estate just a quick skip away. Todd, Blue, CEO and founder of indiGO Auto Group in the desert, has been nominated for the 2019 Time magazine Dealer of the Year award. (Michael Starghill, Jr.), Todd Blue, owner of a new flagship Porsche dealership, poses for a portrait between a Porsche 918 Spyder and a Porsche 1600 in the dealership garage Thursday June 29, 2017. Recipients are among the nations most successful auto dealers who also demonstrate a long-standing commitment to community service. But in his early teens, he realized he didnt have the height or the skill to achieve that dream. We form partnerships with existing management teams to leverage the collective expertise of all involved. Just 400 feet from the Point Dume beach is a 1.06-acre property, the entire lot secured and invisible behind a large security gate. Blue is one of a select group of 51 dealer nominees from across the country who will be honored at the 102nd annual National Automobile Dealers Association (NADA) Show Jan. 25 in San Francisco. All Rights Reserved. Applying the same ratios to the Air India EBITDAR, he arrived at an enterprise value for Air India in the range of Rs. He shook up the staff and brought annual sales there to 78 vehicles in 2016, up from 12 in his first year. Several of the vehicles are worth seven figures easily and the total value of the collection is probably $15 million. Todd received the Governor of Kentuckys Economic Development Leadership Award in 2004. Tyler and Todd - Lifestyle, Biography, & Net Worth! Mr. Blue is influential in the luxury automotive market and an integral member of the Porsche Dealer Board of Regents; he took a moment to chat with the editorial team at Automotive News about the exciting future of Porsche and the nuances of the 2018 model year. We think there is good wisdom at expanding relationships with the brands you currently do business with, Blue said. Red= 29.4%. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. What do you know about Tyler and Todd, the YouTube couple? Whether its the number of amps required for the fast-charge system to charge these vehicles from a zero battery to 80 percent in 15 minutes, thats going to be a huge point of differentiation, especially in the beginning, for Porsche. We thought so too. (Michael Starghill, Jr.), Todd Blue, owner, and Kelly Wolf, COO, stand on the showroom floor of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. Turns out the buyers are Todd & Karen Blue, a married couple from the U.S. state of Kentucky. Construction of a flagship dealership required meticulous detail aimed at consistency of the German company's self-professed corporate image. And thats what makes this setup fabulous. Current & historical holdings in these industries worldwide: Driving Innovation. In 2013, indiGO bought a nine-store group in Rancho Mirage, a suburb of Palm Springs, Calif., which included Rolls-Royce, Bentley, Aston Martin, Maserati and more. Beyond the magazine. Over that same period, Houston's median household income grew 30 percent to just $56,629, and the largest single income block remained those earning between $50,000 and $75,000, constituting about 17.5 percent of county earners in both 2005 and 2015. Whew! Possibly even more? Watch until the end to find out their monthly . Buggati Houston Chiron Launch Event / It will "be a prototypical dealership, which showcases Porsche's latest design scheme.". A dream garage in every sense, if you will. Good heavens! Our investment efforts and managerial capabilities are focused on the operation of a global and diversified portfolio. What justifies massive multiples for luxury auto dealerships? What specific changes will need to happen at the dealership? indiGO Auto Group'sFounder & CEO Todd Blue was featured last week in Automotive News. When Todd Blue established IndiGO Auto Group in 2006 and set out to acquire the greatest automobile dealerships in the United States, he was most impressed with Desert European Motorcars in Rancho Mirage. Beginning in 2000 Todd has lead Cobalt Ventures (which he co-founded). The single-story sprawler has more than 6,000-square-feet of living space plus a half basketball court. Blue liked that so much, he started IndiGO Classic Cars in Louisville in 2006, and joined the automotive network within the Young Presidents Organization, a professional networking group. Via Petersen Automotive Museum on YouTube. According to Mr. Goldman himself,[the facility is]essentially on par with a hospital operating room.. "I said to myself, 'To afford this hobby, I better make it a business,'" Blue said. He stealthily creeps out of bed, exits his house via a discreet side door, hops the front gate. Mr. Schroepfer owns over 38,138 units of Meta Platforms Inc stock worth over $114,436,500 and over the last 11 years he sold META stock worth over $460,628,064. You have to explore every avenue, said Blue. There are some versions that incline more towards the purples, some to the blues, and some to the deeper magenta -reds. Blue: Net Worth: $328,000 to $822,000. KTRK Channel 13 news anchorGina Gaston emceed the evening that feted Dec My Room founderSusan Plank and hubby Mike, Gina and Dr. Devinder Bhatia, Melissa and Michael Mithoff, Laura and Evan Greenberg, Peter Remington and Karen Deguerin, Laurie and Tracy Krohn,Tatiana and Bob Green, Karen andTodd Blue,andChristie and Mark Sullivan. Over in Texas, the Blue familys main residence is a 10,859-square-foot mansion with 6 beds and 6.5 baths in the swanky River Oaks neighborhood of Houston. Blue: Lucky Number: 1: Lucky Stone: Diamond: Lucky Color: Red: Best Match for Marriage: Leo: Social Media; Facebook Profile/Page: Twitter Profile: Instagram Profile: . And none of these vehicles are the kind that yall could just walk in and buy off the dealership showroom floors, kids. (Michael Starghill, Jr.), Details of a Porsche 918 Spyder in the garage of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. Your fresh start is here. 4. In the late 1990s, his people sold off the family business and young Mr. Blue was left with a lot of money but no gainful employment. Though he didnt have retail experience, some of the executives knew him through his classic cars business. read more. He is currently a member of the Young Presidents Organization and is chairman of the board of The indiGO Blue Family Foundation, which supports various initiatives. In fact, Mr. Blues Lamborghini Houston dealership is the top-selling Lambo location in the entire country. (Michael Starghill, Jr.), The new Porsche North Houston will include two stories of showrooms and an air-conditioned, 26-station service shop that more resembles a hospital than a garage. Rancho Mirage, adjacent to Palm Springs in the California desert, is a second home for many high-worth individuals. You can add to your design using Effects, Stickers, Text, and other tools shown on the left-hand side. For example, as we've pointed out, Buffett is the second wealthiest American and the fourth wealthiest person in the world.) Find contact and company information for business people in our free business information database. I would love to grow with BMW, he said. So Blue bought it. (Michael Starghill, Jr.), A Porsche decal on the window of an office of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. 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Our Mr. Goldman had to construct two separate multi-million-dollar mansions one as a home for himself and his wife, the other as a harem (if you will) to house his 14 automotive lovelies. (Michael Starghill, Jr.), Details of a Porsche 918 Spyder and a Porsche 1600 in the garage of a brand new flagship Porsche dealership on the north side of Houston Thursday June 29, 2017. Indigo is a color that is traditionally regarded as a color on the visible spectrum, as well as one of the seven colors of the rainbow: the color between blue and violet. Indigo was born Alyssa Ashley Nichols in 1984,. With the help of his leadership team, Blue established the annual indiGO Drive4Kids fundraiser in 2012, a community event that combines his love of sportscars with philanthropy. Specifications detailed down to the tile, paint and the Alucobond aluminum exterior panels. Or perhaps they are planning to acquire some LA car dealerships. Agent Name TODD L BLUE Agent Address 301 EAST MAIN STREET, SUITE 101, LOUISVILLE, KY, 40202 Directors / Officers. I would drive to car dealerships to look around, said Blue. The Blues who have four children hail from Louisville, though for the last few years they have primarily resided in Houston, Texas. Cruise around Point Dume perhaps Malibus most star-studded neighborhood and youre greeted by the outer defenses of large estates, extravagant properties shielded from the public behind towering walls and hedges. If yall were just passing by, you might glance at the gate and imagine it is protecting just another celebrity mansion like all of the neighboring properties. Net worth totals vary by education, age, income and other factors. We had a terrific location and the fact that it was a single-point Porsche store gave me the opportunity to focus and learn the business. Maybe its just a vacation home. (Very) loosely translated, it reads The princess burns an everlasting flame in the attic., Pretty awesome, right? Sometimes you never know whats lurking behind a gate, right? 6 Facts On Indigo White That Might Surprise You! BRAVO to Todd Blue for giving a fantastic interview and sharing his expertise with the automotive industry! Todd and his wife, Karen, have three children. Perhaps that is why Mr. Talla rechristened itLa Vie En Rose, also known as the French version of the American idioms looking through rose-colored glasses or everythings coming up roses. And earlier this year (March 2018), the Blues finally got around to unloading their fully upgraded estate in Kentucky. Todd Blue, CEO, founder and dealer principal at indiGO Auto Group in Rancho Mirage and Palm Springs has been nominated for the 2019 Time Magazine Dealer of the Year award. EU Leadership Forum in Energy Transition. It is there, in Houston, where Mr. Blue's business interests are headquartered. 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