- Real Estate
- Food & Drink
Aug. 24, 2018
CarSwap, which began in Sioux Falls in 2017, has added a location in Rochester, Minn.
The used-car business opened earlier this month.
“It’s going well,” said Kevin Tupy, one of the partners in the business. “It’s a growing community with a very strong economy, and it’s within a radius that’s easy enough for us to manage.”
The CarSwap name can confuse people, he said, because “a lot of people think there’s an element of swap, but we’re a high-quality, low-mileage car dealership with an ability to consign.”
CarSwap started with two locations near one another on West 12th Street but consolidated them on the larger site at 12th and Elmwood Avenue this year.
It also added a location on East 10th Street.
“We’re actually selling more vehicles between those two than we did with three,” Tupy said. “July and August were super good with back-to-school, but we have to ensure we’re purchasing at the right pace to be in line with retail sales.”
CarSwap has looked at the Sioux City market but has no immediate expansion plans, he said.
“We want to continue to focus on our core a bit before we open another new market. In six to nine months, we’ll make sure Rochester has its legs and hopefully expand from there.”
CarSwap started in Sioux Falls last year and is growing out of state.