AutoNation Acquires Three Luxury Dealerships
AutoNation 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. "This acquisition strengthens our Premium Luxury portfolio in a highly attractive California market and reflects our disciplined approach to deploying capital into high-quality assets," said Mike Manley, Chief Executive Officer. "Over 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."
