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Sonic Automotive Acquires Audi and Volkswagen Franchises; No Terms Disclosed

Sonic Automotive, Inc. (“Sonic” or the “Company”) ((

Benzinga · 09/01/2021 06:55

Sonic Automotive, Inc. (“Sonic” or the “Company”) ((SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the acquisition of Audi Glenwood Springs and Glenwood Springs Volkswagen in Glenwood Springs, Colorado.

“We continue to enhance our automotive sales and service network in the state of Colorado, with the addition of Audi Glenwood Springs and Glenwood Springs Volkswagen to our franchised dealership network,” said David Smith, Chief Executive Officer of Sonic Automotive and EchoPark Automotive. “Both dealerships share a brand promise consistent with Sonic and have shown an enduring commitment to their customers, teammates and communities, which are principles that are essential to the success of our long-term growth strategy.”

“Audi and Volkswagen, both owned by Volkswagen Group, are popular brands that are in high demand in the Colorado market. These two dealerships complement our existing presence in the Glenwood Springs market with our Land Rover Roaring Fork dealership and allow us to not only expand our footprint further in the state, but also offer our guests more brand choice and competitive market pricing,” said Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. “These Glenwood Springs additions support the growth of our franchised network, as we continue towards our goal of reaching $25 billion in total revenues by 2025.”

Sonic Automotive recently announced the acquisition of Grand Junction Subaru and Grand Junction Volkswagen in Grand Junction, Colorado. Within the State of Colorado, Sonic Automotive also operates BMW of Denver Downtown, Mercedes-Benz of Denver, Mountain States Toyota, and Land Rover of Roaring Fork, as well as EchoPark Automotive locations in Thornton, Centennial, and Colorado Springs.