AutoNation to Acquire Chrysler Jeep Store in Denver, Colorado
FORT LAUDERDALE, Fla., June 9, 2016 -- AutoNation, Inc. , America's largest automotive retailer, today announced that it has signed an agreement to acquire Centennial Chrysler Jeep, located in Denver, Colorado. This acquisition will expand the Company's footprint to 18 stores in the Denver market. In 2015, the store sold over 3,000 new and used retail vehicles, with approximately $110 million in annual revenue. This will be AutoNation's 30th FCA store. The Company expects to close the acquisition in the third quarter of 2016. The transaction is subject to customary terms and conditions, including manufacturer approval.
Mike Jackson, AutoNation's Chairman, Chief Executive Officer and President, stated, "We are pleased with the opportunity to expand the AutoNation Brand in the Denver Market. This acquisition will complement our existing footprint on Arapahoe Road, an attractive auto retail location. We look forward to welcoming Centennial Chrysler Jeep and its 83 associates to AutoNation."
About AutoNation, Inc.
AutoNation is America's largest automotive retailer, currently owning and operating 367 new vehicle franchises from coast to coast. AutoNation sold its 10 millionth vehicle in 2015, the first automotive retailer to reach this milestone. A commitment to delivering a peerless experience through customer-focused sales and service processes is what drives AutoNation's success. AutoNation supports the Breast Cancer Research Foundation through its Drive Pink Campaign. AutoNation is transforming the automotive industry through bold leadership, technology and innovation.
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