Holloway Mercedes-Benz of Greenland, N.H., and Holloway Motor Cars of Manchester, N.H., are 2008 recipients of the Best of Business Award in the luxury car dealer category from New Hampshire Business Review magazine. The publication will present the awards to Holloway and recipients in other categories on Wednesday, March 19, during a dinner at the Grappone Center in Concord, N.H.
Abbreviated BOB for Best of Business, the award is determined by a statewide survey of readers.
"If other business owners have named your business as a BOB business, that really says something about the high caliber of the company you are running," said Jeff Feingold, editor of the business magazine.
"We are thrilled about receiving the BOB Award for 2008," said Paul Holloway, president of Holloway Automotive Group. "It is rewarding to be acknowledged by other business owners in the state. This award acknowledges on a local level all the efforts of our outstanding employees."
Based in Greenland, the dealer group employs more than 275 people at four Granite State locations. In addition to the Greenland and Manchester Mercedes-Benz dealerships, the company operates Holloway Buick, Pontiac, GMC, Cadillac in Portsmouth, and Salem's recently opened Holloway Auto, specializing in pre-owned luxury vehicles.
A resident of Rye, N.H., Paul Holloway started his automotive career as a district manager for the Buick Motor Division of General Motors. In 1967, he purchased a Buick dealership in Exeter, N.H., creating Dreher-Holloway. During his career in automotive retailing, he served as president of the National Automobile Dealers Association, and received the prestigious Time Magazine Dealer of the Year award. Holloway dealerships have won the Mark of Excellence distinction from General Motors.
Motor fuel prices creep higher
After jumping above $3 per gallon two weeks ago, the average price of regular gas in Massachusetts and New Hampshire continued its upward climb last week, but at a very slow rate. According to price tracking by AAA, the New Hampshire average barely budged over seven days, while the Massachusetts average rose by a little more than one cent.
The average pump price for the U.S. as a whole also increased only slightly last week, the auto club reported.
In Massachusetts, the average price for unleaded regular gasoline at self-service pumps reached $3.087 on Wednesday, compared to $3.075 one week earlier, AAA found. Wednesday's price was 64 cents higher than the state average of $2.445 recorded by AAA one year earlier.
In New Hampshire, the average price remained stable last week. The average of $3.079 reported Wednesday was just one-tenth of a cent higher than the prior Wednesday's average of $3.078, the auto club noted. But Wednesday's figure was 66 cents above the Granite State average of $2.416 reported on the same day of 2007.
The coast-to-coast average reached $3.168 for self-service regular gas on Wednesday. That represented an increase of close to two cents above the U.S. average of $3.152 reported seven days earlier by AAA. On the same day last year, the U.S. average of $2.481 was about 69 cents lower than Wednesday's average, said AAA.