Sonic Automotive Inc. bought its third Volkswagen store this year in its latest franchised dealership acquisition.
Sonic on Monday bought Cook Volkswagen in Fallston, Md., from Cook Automotive, of Aberdeen, Md.
Terms were not disclosed, but the store has been renamed Volkswagen of Fallston. Fallston is about 30 miles northeast of Baltimore.
Dealership Buy/Sell: This Automotive News feature lists dealership acquisitions as reported by brokers, news media and official announcements. See our list of buy/sells and submit details of your deals here.Volkswagen of Fallston is Sonic's third franchised dealership in Maryland, joining Porsche Bethesda and Audi Rockville. Sonic also has two standalone used-vehicle EchoPark locations in the state.
In July, Sonic made its first franchised dealership acquisition in nearly seven years when it bought Grand Junction Volkswagen and Grand Junction Subaru in Colorado. In August, it bought Audi Glenwood Springs/Glenwood Springs Volkswagen, also in Colorado.
With the Maryland acquisition, Sonic has five Volkswagen franchises in its portfolio. The public group now has 89 new-vehicle dealerships. Last month, Sonic bought Bobby Ford Chrysler-Dodge-Jeep-Ram in Sealy, Texas.
In September, Sonic revealed plans to acquire RFJ Auto Partners Holdings Inc. for $700 million. The deal is expected to close in December.
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