Sonic Automotive Strengthens US Jaguar Land Rover Retailer Position with Acquisition of Santa Monica Dealership

Sonic Automotive has acquired Jaguar Land Rover Santa Monica, expanding its operations in Southern California and increasing its total number of Jaguar Land Rover dealerships in the US to 11. The acquisition solidifies Sonic Automotive's position as the largest volume Jaguar Land Rover retailer in the US. Sonic Automotive plans to continue growing its luxury automotive business through strategic acquisitions and investments.

Sonic Automotive, a Fortune 500 company, has announced the acquisition of Jaguar Land Rover Santa Monica, further cementing its position as the leading retailer for the luxury vehicle brands in the United States. The acquisition brings the total number of Jaguar Land Rover dealerships under Sonic's umbrella to 11, solidifying its status as the largest volume retailer for these brands in the country [1].

The acquisition marks a strategic move by Sonic Automotive to strengthen its presence in the Southern California market, which is a significant hub for luxury automotive sales. The company has been on an aggressive growth trajectory, expanding its portfolio through a series of strategic acquisitions. This latest move follows the recent addition of four additional Jaguar Land Rover dealerships in California [1].

David B. Smith, Chairman and Chief Executive Officer of Sonic Automotive, commented on the acquisition, stating, "This acquisition is another important step in Sonic Automotive's growth journey. The addition of Jaguar Land Rover Santa Monica strengthens our position in one of the world's most important luxury markets and reflects the energy driving our company forward" [1].

The acquisition will also allow Sonic Automotive to better serve the vibrant Southern California market and boost overall sales. The company is committed to refining its operations and building stronger connections with its customers, aiming to provide a consistent, high-quality experience as its presence continues to grow [1].

Sonic Automotive operates 179 automotive and powersports franchises at 126 locations and also manages 18 EchoPark Automotive locations nationwide. EchoPark is ranked as the No. 1 used car buying experience in America, further expanding the company's reach in the high-quality pre-owned segment [1].

With this acquisition, Sonic Automotive continues its strategic initiatives to strengthen its national market position and drive long-term growth. The company's commitment to innovation, technology, and customer experience is evident in its recent investments and expansions. As the automotive and powersports retail landscape evolves, Sonic Automotive remains focused on delivering exceptional value to its guests and teammates.

References:
[1] https://www.prnewswire.com/news-releases/sonic-automotive-acquires-jaguar-land-rover-santa-monica-strengthening-top-us-retailer-position-302532678.html