Clement Auto Group Breaks Ground on a $12.3 Million Investment in Saint Charles, MO

The project commenced with the demolition of the existing sales building to make way for a state-of-the-art facility. Spanning 12,100 square feet, the new building will feature a modern design highlighted by a striking all-glass showroom. Designed for both aesthetics and functionality, it will incorporate high-end finishes throughout, including a celebration bay designed to commemorate new vehicle purchases. Despite the scale of construction, Clement Auto Group plans to maintain operational continuity throughout the phased development process.

This $12.3 million investment is projected to yield substantial returns, with an estimated $18.9 million in gross sales revenue anticipated. Beyond financial metrics, the local economic impact is forecasted to reach $98.3 million over the next five years, a testament to the dealership's role as a cornerstone of the community. Additionally, the project is expected to generate $11.48 million in tax revenue, bolstering local infrastructure and services.

The new dealership is set to create approximately 30-50 direct and indirect job opportunities, further enhancing economic vitality in the region. During the groundbreaking event, attended by key stakeholders including owner Penuel "Raj" Clement and notable community figures such as St. Charles City Mayor Dan Borgmeyer, the project received accolades for its potential to elevate local commerce and employment.

In his remarks at the ground breaking event, Raj Clement underscored the significance of this expansion, emphasizing the group's dedication to serving the St. Charles community. "We’re building the largest non-franchise dealership in the state right here in St. Charles, Missouri," he stated, highlighting the project as a testament to their ongoing commitment and investment in the region.

Mayor Dan Borgmeyer echoed these sentiments, praising Clement Auto Group's organizational prowess and positive impact on the community. "It’s an astounding enterprise," he remarked, expressing well-wishes for the group's success and prosperity.

Acknowledging the complexity of the project, Nick Walker, VP of Project Development & Strategy at IMPACT Strategies, shared his enthusiasm about collaborating with Clement Auto Group. "IMPACT is thrilled to bring their expertise in the automotive industry to Clement Auto Group and serve as their trusted partner on this exciting new project in St. Charles," he remarked, highlighting the collaborative spirit driving the venture forward.

Established as a first-generation leader in the Greater St. Louis area automotive sector, Clement Auto Group has solidified its reputation since 2012. With a portfolio encompassing four full-service new car dealerships, two pre-owned dealerships, and extensive automotive service offerings, the group remains dedicated to excellence. Their commitment extends beyond sales to encompass comprehensive customer service, financing solutions, and community engagement initiatives.

As Clement Auto Group paves the way for a new era in automotive excellence in St. Charles, Missouri, their $12.3 million investment stands as a testament to visionary leadership and community commitment. Anticipated to be completed by spring 2025, the new dealership promises not only a superior shopping experience but also significant economic benefits for the region.