AutoNation has acquired 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, which together represent approximately $400 million in annual revenue and 4,800 retail new and used vehicle sales per year. This acquisition expands AutoNation's California footprint to 46 locations, including 21 Premium Luxury stores, and brings its nationwide totals to 25 Mercedes-Benz, 11 Audi, and 8 Porsche stores. CEO Mike Manley noted that over the past 12 months, including acquisitions in Baltimore, Chicago, and Atlanta, the company has added approximately $1 billion in annual revenue. AutoNation has also invested approximately $450 million year-to-date to repurchase more than 2.2 million shares, reducing shares outstanding by more than 6 percent.
Mercedes-Benz Group AG
Porsche AGAutoNation IncAcquisition of three luxury dealerships adds $400M annual revenue and expands footprint; also $450M share buyback reduces shares outstanding.