Cornerstone Automotive Revenue and Competitors

Although the name Cornerstone has only been around for the past few years, we’re a family owned business that’s over 50 years old. The company was founded in the early 1960’s when Oran Powell built Brookdale Ford, in Brooklyn Center, the largest Ford dealership in Minnesota for more than 35 years. Over time, the company grew to include numerous Ford and Chrysler-Plymouth dealerships in Minnesota, Wisconsin, and Iowa. \n\nIn 1972 we acquired Elk River Ford, our longest continuously operating store. Scott Powell, Oran’s son, became owner and operator in 1983. We expanded in Elk River with a Chrysler and Dodge franchise in 1989, followed by Jeep in 1998, and finally KIA in 2009. Today, we are the only new car dealer within eight miles of Elk River. Since 2010, Cornerstone has added a pre-owned location in Plymouth and a Chevrolet store in Monticello. A third generation of Powell’s is now continuing the family legacy of automobile dealership management.\n\nEven though Cornerstone Automotive has become a strong and successful business, we cannot stand still. And we aren't. Change is constant, maybe especially so in the car business. Customer preferences, economic conditions, new car models, technology, competition and, lately, the Internet are reshaping the auto landscape. Even though there will always be change, our values will hold true. Determination, hard work, doing what’s right, striving always to improve, and a deep commitment to serving others – these are the things that will continue to define who we are and who we will be. \n\nWe are a faith based organization that is honored to serve everyone, regardless of their religious affiliation. We live our beliefs through acting in accordance with our Mission and Values Statements. Our team is the most valuable asset we have and they are the reason for our success. We are a family run business and treat our customers the way we want to be treated. Please come in and let us show you the Cornerstone difference.