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AutoNation buys 16 more dealerships | DrivingSales News

AutoNation Acquires 16 More Dealerships

August 18, 2015 0 Comments

AutoNation has acquired 16 new dealerships making the largest dealer group in the United States even larger. AutoNation signed agreements to acquire 13 dealerships in Tennessee, Alabama and Georgia from Carl Gregory Enterprises. In addition, the nation’s largest automotive retailer will purchase three stores in the Baltimore, Maryland market from Valley Motors Auto Group.

Combined the 16 dealerships bring in $600 million in revenue on an annual basis. Looking at 2014 numbers the stores from Carl Gregory Enterprises retailed 16,750 vehicles, while the Valley Motors stores from Maryland retailed around 2,900 the same year.

Mike Jackson, the Chairman, CEO and president of AutoNation spoke about the acquisition in a press release. “We continue to seek acquisitions to leverage our scale, expand the AutoNation brand and provide a peerless experience to more customers,” Jackson said in a statement. “We are pleased to have the opportunity to add 13 stores in Georgia, Alabama and Tennessee and 3 stores in the Baltimore, MD/Washington, D.C. market and bring AutoNation’s store count to 253 from Coast to Coast.”

The biggest dealer group in the U.S just got bigger. Do you think that any other dealer group will be able to keep up with rapid expansion and one day overtake them as the largest auto retailer in the nation?

About the Author:

The DrivingSales News team is dedicated to breaking the relevant and the tough stories affecting car dealers. Have questions for DrivingSales News? Reach the team at news@drivingsales.com.

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