logo
Share SHARE
FONT-SIZE Plus   Neg

Sonic Automotive To Buy Two Franchises From Murray Motor Imports - Quick Facts

Automotive retailer Sonic Automotive, Inc. (SAH) Friday said it has entered into an agreement to purchase two franchises, Murray BMW of Denver and Mercedes-Benz of Denver, from Murray Motor Imports Co. of Denver, Colorado. The purchase is expected to be completed by the end of July.

The franchises are expected to add about $200 million in revenue during Sonic Automotive's first year of operation.

Sonic Automotive currently operates Mountain States Toyota and Lone Tree Cadillac in Denver, bringing its total dealership count in the market to four. Sonic, through this purchase expects to further leverage its existing management infrastructure in the region.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toy maker Hasbro Inc. (HAS) reported a profit for the fourth-quarter 2015 that grew about 3.5% from last year. Quarterly net revenues increased 13% from the prior year. Both earnings per share and revenue for the quarter beat analysts' expectations. Healthcare plan provider Centene Corp. (CNC) has been executing on its strategic objectives, including margin expansion. With its growing portfolio of integrated health solutions, Centene has a strong presence in government-sponsored healthcare, the highest growth category in the industry. A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The...
comments powered by Disqus
Follow RTT