FORT LAUDERDALE, Fla. -- AutoNation Inc. has agreed to buy the Autohaus Mercedes-Benz dealership in Pompano Beach, Fla. The public dealership group did not disclose terms of the deal.
The dealership has annual revenues of about $230 million, AutoNation spokesman Marc Cannon told Automotive News.
Separately, AutoNation said it has acquired rights to a new Mercedes dealership in Palm Beach County in Florida. The company expects to open the store by 2008.