{"id":974630,"date":"2026-06-23T08:03:33","date_gmt":"2026-06-23T12:03:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/autonation-expands-california-footprint-with-acquisition-of-three-premium-luxury-dealerships\/"},"modified":"2026-06-23T08:03:33","modified_gmt":"2026-06-23T12:03:33","slug":"autonation-expands-california-footprint-with-acquisition-of-three-premium-luxury-dealerships","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/autonation-expands-california-footprint-with-acquisition-of-three-premium-luxury-dealerships\/","title":{"rendered":"AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships"},"content":{"rendered":"

<\/p>\n

AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships<\/b><\/p>\n

FREMONT, Calif.–(BUSINESS WIRE<\/a>)–AutoNation, Inc.<\/b> (NYSE: AN), one of the largest automotive retailers in the United States, today announced the acquisition of three premium luxury dealerships in the San Francisco Bay Area, effective June 22, 2026. The acquired stores are Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont. Together, the stores represent approximately $400 million in annual revenue and 4,800 retail new and used vehicle annual sales per year.<\/p>\n

\nAutoNation\u2019s footprint expands in California, the largest auto retail market in the U.S., to 46 locations, including 21 Premium Luxury stores, 7 Domestic stores, 16 Import stores, a collision center, and an auction center. Nationwide, AutoNation now operates 25 Mercedes-Benz, 11 Audi, and 8 Porsche stores.<\/p>\n

\n\u201cThis acquisition strengthens our Premium Luxury portfolio in a highly attractive California market and reflects our disciplined approach to deploying capital into high-quality assets,\u201d said Mike Manley, Chief Executive Officer. \u201cOver the past 12 months, including our Baltimore, Chicago, and Atlanta area acquisitions, we have added approximately $1 billion in annual revenue, enhancing our scale, supporting long-term growth, and positioning us to deliver attractive returns for shareholders.\u201d<\/p>\n

\nAutoNation remains focused on disciplined capital allocation, balancing strategic acquisitions that expand scale in attractive markets with share repurchases that return capital to shareholders. AutoNation has invested approximately $450 million year-to-date to repurchase more than 2.2 million shares, reducing shares outstanding by more than 6 percent.<\/p>\n

About AutoNation, Inc.<\/span><\/b><\/p>\n

\nAutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.<\/p>\n

\nPlease visit www.autonation.com<\/a>, investors.autonation.com<\/a>, and www.x.com\/autonation<\/a>, where AutoNation discloses additional information about the Company, its business, and its results of operations.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260623430497\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/b>
Lisa Ryans
\n
(954) 769-4120
\n
PublicRelations@autonation.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Online Retail Professional Services Luxury Fleet Management General Automotive Transportation Aftermarket Automotive Travel Retail Finance Other Automotive<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships FREMONT, Calif.–(BUSINESS WIRE)–AutoNation, Inc. (NYSE: AN), one of the largest automotive retailers in the United States, today announced the acquisition of three premium luxury dealerships in the San Francisco Bay Area, effective June 22, 2026. The acquired stores are Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont. Together, the stores represent approximately $400 million in annual revenue and 4,800 retail new and used vehicle annual sales per year. AutoNation\u2019s footprint expands in California, the largest auto retail market in the U.S., to 46 locations, including 21 Premium Luxury stores, 7 Domestic stores, 16 Import stores, a collision center, and an auction center. Nationwide, AutoNation now operates 25 Mercedes-Benz, 11 … <\/p>\n

Continue reading “AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-974630","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/autonation-expands-california-footprint-with-acquisition-of-three-premium-luxury-dealerships\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships FREMONT, Calif.–(BUSINESS WIRE)–AutoNation, Inc. (NYSE: AN), one of the largest automotive retailers in the United States, today announced the acquisition of three premium luxury dealerships in the San Francisco Bay Area, effective June 22, 2026. The acquired stores are Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont. Together, the stores represent approximately $400 million in annual revenue and 4,800 retail new and used vehicle annual sales per year. AutoNation\u2019s footprint expands in California, the largest auto retail market in the U.S., to 46 locations, including 21 Premium Luxury stores, 7 Domestic stores, 16 Import stores, a collision center, and an auction center. 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