Martin Automotive Group has purchased Jim Reed's two downtown Nashville dealerships, Jim Reed Subaru and Jim Reed Hyundai. The dealerships will remain at their current location and immediately reopen as Downtown Subaru and Downtown Hyundai.

"We recognize the Reed's ninety-four year history and commitment to the community. Like the Reed's, we are family owned and are looking forward to continued community involvement in the Nashville marketplace," Chad Martin, president of Martin Management Group, said in a release.

Downtown Subaru and Downtown Hyundai are located at 1512 Broadway.

Martin Management Group, founded in 1985, is family owned and operated. It operates 11 automotive/motorsports dealerships across four states and is headquartered in Bowling Green, KY. Martin Management Group has consistently been ranked in the Automotive News Top 125 Dealership Groups and recognized in the Ward's Top 100 Dealers list.