AutoNation Inc. has acquired three premium luxury dealerships in Fremont, California, from Fletcher Jones Automotive Group, effective June 22, 2026. The transaction includes Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont, along with their related real estate. The acquisition adds approximately $400 million in annual revenue and 4,800 retail new and used vehicle sales to AutoNation's portfolio, strengthening its presence in the premium luxury segment.

Acquisition Details

The Presidio Group LLC exclusively advised Fletcher Jones Automotive Group on the sale. This divestiture aligns with Fletcher Jones' strategy to manage its portfolio, following its March acquisition of Mercedes-Benz of Beverly Hills. The three acquired outlets operate under the Audi, Mercedes-Benz, and Porsche brands in the Northern California market.

Financial Impact

The three stores contribute an estimated $400 million in annual revenue to AutoNation. The dealerships generate substantial sales volume, totaling 4,800 retail new and used vehicles annually. For AutoNation, the acquisition reflects a disciplined approach to deploying capital into high-quality assets in a competitive market.

Strategic Context

Keith May, president of Fletcher Jones Automotive Group, stated that the sale was part of regimented portfolio management initiatives to find a buyer that would care for the dealerships, employees, and customers. AutoNation CEO Mike Manley noted that the acquisition strengthens the company's premium luxury portfolio in a highly attractive California market. The Presidio Group has now advised on transactions involving 44 California dealerships.

AutoNation, Inc. acquired Toyota of Newnan from Tameron Automotive Group on June 8, 2026, expanding its retail footprint in the Southeast. The dealership, rebranded as AutoNation Toyota Newnan, contributes approximately $200 million in annual revenue and adds 4,900 retail new and used vehicle annual unit sales to AutoNation's portfolio. Kerrigan Advisors represented the seller, Tameron Automotive Group, marking the firm's 328th dealership sold and its 40th Toyota franchise sold since 2015.

Strategic and Market Position

Toyota of Newnan is the number one volume dealership in Newnan, Georgia, commanding an estimated 22% share of all new vehicle sales in the market. The store anchors one of the largest Toyota Primary Market Areas in metro Atlanta, with its nearest competitor located 19 miles away. The Atlanta metropolitan statistical area boasts a $571 billion economy and is one of the fastest-growing large metro areas in the Southeast. Newnan demographics favor the dealership, as import non-luxury vehicles account for 63% of all new units sold, 37 percentage points above the US average.

Transaction Details

Danny Braden and Rob Gallik, Co-Owners of Tameron Automotive Group, stated the sale allows the group to focus resources on its home market of Birmingham, Alabama. The transaction represents the second Toyota dealership AutoNation has acquired in over a decade. Legal counsel for Tameron Automotive Group was Jeff Ingram of Ingram, Kalupa & Butler, P.C., with HHM serving as the seller's accountant. Lance Phillips of Eversheds Sutherland (US) LLP represented AutoNation.

Key Metrics of Acquisition