AutoNation Expands Luxury Portfolio in Chicago with Strategic Dealership Acquisitions
- AutoNation acquires Fletcher Jones Audi and Mercedes-Benz of Chicago, boosting luxury market presence in Chicago.
- The acquisitions are projected to generate $325 million in annual revenue and expand AutoNation's regional locations to ten.
- CEO Mike Manley emphasizes enhancing customer experience and integrating new staff into AutoNation’s operations.
AutoNation Expands Luxury Brand Portfolio with Strategic Acquisitions in Chicago
AutoNation, Inc. announces a significant expansion in the luxury automotive market with the acquisition of two prestigious dealerships in Chicago: Fletcher Jones Audi and Mercedes-Benz of Chicago. Effective September 15, 2025, this strategic move is poised to generate approximately $325 million in annual revenue, facilitating the sale of around 4,500 new and used vehicles each year. With these acquisitions, AutoNation enhances its footprint in the Chicago area, bringing its total locations in the region to ten, which includes a diverse mix of luxury and import vehicles as well as a collision center.
The acquisitions comprise two Audi dealerships and three Mercedes-Benz outlets, in addition to one BMW store and three import dealerships. This expansion aligns with AutoNation’s goal to bolster its luxury brand portfolio, a segment that is increasingly vital in the competitive automotive marketplace. CEO Mike Manley expresses enthusiasm for integrating 220 associates and valued customers from the acquired stores into the AutoNation family, emphasizing that this move not only reinforces the company's market presence but also aims to enhance customer experience. Manley’s vision for AutoNation centers around delivering exceptional service and products, which is critical as consumers increasingly seek luxury vehicles that offer both performance and prestige.
AutoNation’s commitment to its customers extends beyond the sale of vehicles. The company provides a comprehensive suite of automotive services, including financing, parts, and maintenance. Additionally, AutoNation champions community engagement through its philanthropic initiative, DRV PNK, which has raised over $40 million for cancer-related causes. This commitment to corporate social responsibility reflects the company’s efforts to positively impact the communities it serves while pursuing growth and innovation in the automotive sector. Stakeholders are encouraged to visit AutoNation's official websites for more information regarding its operations and future initiatives.
In conjunction with the acquisition announcement, AutoNation also shares forward-looking statements about the expected performance of the newly acquired stores. However, the company acknowledges the inherent uncertainties involved in predicting future results, emphasizing a cautious approach to its growth strategy. As AutoNation integrates these new locations, it remains focused on leveraging its extensive experience in the automotive retail sector to navigate the evolving market landscape effectively.
