The acquired franchises have been renamed: -- Mission Valley Honda -- Honda of Escondido -- Kearny Mesa Acura -- Acura of Escondido -- Jaguar/Aston Martin Kearny Mesa -- Mazda of Escondido
The Acura, Jaguar and Aston Martin franchises are located adjacent to UAG's existing operations in the Kearny Mesa area of San Diego, complementing the Company's five existing franchises in that market and providing a destination location for car enthusiasts interested in acquiring an Acura, Aston Martin, BMW, Jaguar, Lexus, Mercedes-Benz, Scion or Toyota.
The franchises in Escondido are located in the popular Escondido Auto Mall, which attracts customers from San Diego and its surrounding communities; the Honda franchise in Mission Valley is located in a growing residential and retail area near the center of the city of San Diego. With the completion of this acquisition, UnitedAuto estimates that its twelve franchises operating in this fast growing market area will generate approximately $900 million in annualized revenues.
About UnitedAuto
United Auto Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 276 retail automotive franchises, representing 40 different brands, and 27 collision repair centers. UnitedAuto, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 174 franchises in 19 states and Puerto Rico and 102 franchises located internationally, primarily in the United Kingdom. UnitedAuto is a member of the Fortune 500 and Russell 2000 and has approximately 14,000 employees.