Sonic Automotive buys Audi store in Maryland from AutoNation

0

The Audi Owings Mills acquisition follows Sonic’s January purchase of Sun Chevrolet in Chittenango, N.Y. Sonic now has 112 franchised dealerships, including eight Audi stores in its portfolio, the company confirmed.

Sonic, of Charlotte, N.C., ranked No. 7 on Automotive Newslist of the top 150 dealership groups based in the U.S., with retail sales of 103,486 new vehicles in 2021.

AutoNation’s ownership of the Audi store lasted a little over nine months. AutoNation bought Audi Owings Mills and eight other luxury stores when it acquired Priority 1 Automotive Group in November.

AutoNation didn’t respond to a request for comment from Automotive News on the sale to Sonic.

AutoNation, of Fort Lauderdale, Fla., ranked No. 1 on Automotive News’ list, retailing 262,403 new vehicles in 2021.

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment