Hankey Group

The Hankey Group is headquartered in Los Angeles, California, and is comprised of eight operating companies specializing primarily in the automotive, finance, technology, real estate, and insurance industries. Its originating company is Midway Ford, a Ford franchise dealership that the Hankey family acquired a 100% interest in during 1972 under the leadership of principal Mr. Don Hankey. The group reports annual growth rates since 1980 and states it strives to maintain an average annual return on equity of 33% (pre-tax) and an annual growth rate of 20%.

In 1958, the Hankey Family owned 25% of Midway Ford; Don Hankey acquired full ownership of the Ford franchise dealership in 1972. Midway Ford is the originating company of the Hankey Group. Midway Car Rental and Westlake Financial began as complementary business extensions of Midway Ford, providing rental car service and financing to Midway Ford customers who couldn't get financing elsewhere. HFC Acceptance, a fleet finance and leasing company, focused on commercial financing to rental agencies that purchased vehicles from Midway Ford. Nowcom's DealerCenter provides a multi-lender and DMS platform for used car dealerships, featuring Westlake Financial as a preferred lender, and Nowcom provides IT support for all Hankey Group companies. Hankey Investment Company is a private real estate investment firm that procures real estate for Hankey Group and manages around $2.53B in assets, of which $1.91 Billion is in real properties. Since 1985, Knight Insurance Company, a Cayman Islands company, together with its domestic affiliates Knight Insurance Company and Knight Specialty Insurance Company, have partnered with North Hollywood Toyota, Westlake Financial and Midway Auto Group to provide consumers with various auto-related insurance products and services.

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