Sonic Automotive announced the acquisition of Jaguar Land Rover Santa Monica, further expanding its operations in the Southern California market. This acquisition brings the company's total number of Jaguar Land Rover dealerships in the United States to 11.
This move solidifies Sonic Automotive's position as the largest volume Jaguar Land Rover retailer in the United States. The acquisition enhances the company's luxury brand portfolio and market presence in a key region.
The expansion aligns with Sonic's strategy to grow its diversified business model, particularly in luxury and import brands within growth markets. This acquisition builds upon previous strategic moves to strengthen its leadership in the premium automotive segment.
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