AutoNation Inc.'s acquisition of four dealerships in New York marks a return to the Northeast by the largest new-vehicle retailer in the U.S.
The four stores AutoNation acquired in Westchester County, N.Y., sell BMW, Land Rover and Jaguar vehicles. The stores -- three bought from Premier Collection and one from DiSimone Imports -- generate about $190 million in total revenue and retail 2,600 new and used vehicles a year.
AutoNation spokesman Marc Cannon declined to comment on the retailer's geographic strategy, but said the acquisition reflected good timing and an opportunity to expand with high-end brands. "We love premium luxury," Cannon said. "It was the right opportunity with the right brands."
AutoNation CEO Mike Jackson said the "acquisitions will greatly enhance our brand mix" with luxury brands in the "new market."