United Auto buys Stevens Creek Porsche Audi
United Auto Group Inc. has purchased Stevens Creek Porsche Audi in San Jose. Financial details were not disclosed.
United Auto expects the Stevens Creek Porsche and Audi franchises to pull in $100 million in annual revenue.
In California the company now anticipates annual revenue of more than $1 billion. This deal increases United Auto¹s U.S. Porsche dealerships to five and its Audi dealerships to six.
United Auto (NYSE: UAG) of Bloomfield Hills, Mich. operates 143 auto franchises in the United States and an additional 95 franchises around the world, largely in the United Kingdom. The company sells new and used cars as well as after-market auto products and services.
Source: San Jose business journal