AutoNation adds 16 stores, makes biggest purchase since 2001 - Automotive News
, the largest U. S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001. The deal includes 13 stores in Georgia, Alabama and Tennessee... AutoNation also agreed to buy three stores in the Baltimore area from Valley Motors Auto Group. He said the additions will bring AutoNation’s U. S. store count to 253. The Carl Gregory stores generated more than $480 million in revenue, selling approximately 16,750 new and used retail vehicles in 2014. The chain ranks No. 113 on the... The Carl Gregory acquisition includes six Chrysler-Dodge-Jeep-Ram stores, two Ford-Lincoln stores, one Honda store, three Hyundai stores and one Volkswagen store. Fiat is included in two of the Chrysler-Dodge-Jeep-Ram dealerships. The Carl Gregory stores employ approximately 600. That acquisition will expand AutoNation’s footprint in the Southeast, increasing its store counts to 21 in Georgia, five in Alabama and eight in Tennessee. Source: www.autonews.com
