Benzinga | Nov 9, 2021 11:41AM EST

Sonic Automotive Acquires Cook Volkswagen Dealership In Fallston, Maryland; Terms Not Disclosed

This Marks the Company's 4th Volkswagen Dealership and 89th Franchised Dealership Overall

Sonic Automotive, Inc. ("Sonic" or the "Company") (( http://www.w3.org/1999/xhtml" rel="nofollow" href=" https://cts.businesswire.com/ct/CT?id=smartlink&, url=https%3A%2F%2Fir.sonicautomotive.com%2Fstock-data%2Fquote&, esheet=52525203&, newsitemid=20211109005959&, lan=en-US&, anchor=NYSE%3ASAH&, index=2&, NYSE:SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Cook Volkswagen in Fallston, Maryland. Effective today, the Company will operate the dealership as Volkswagen of Fallston, marking the 89th franchised location in the Company's portfolio and its fourth Volkswagen dealership.

The dealership was one of the first Volkswagen franchises in the country and has been in operation for over 50 years. Located 30 miles from Baltimore, the dealership serves residents of Harford County and surrounding areas with new and pre-owned vehicles.

"We are excited to expand our automotive sales and service network with Volkswagen of Fallston," said David Smith, Chief Executive Officer of Sonic Automotive and EchoPark Automotive. "The successful longevity of this dealership franchise in the Maryland market, combined with the strength of the Volkswagen brand and group of dedicated teammates, aligns with our company's strategy of providing an exceptional experience to consumers in new markets and attaining $25 billion in revenues by 2025."

"This is our fourth acquisition of the year, and we are thrilled to welcome the team from Volkswagen of Fallston into our growing family," said Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. "We are looking forward to continuing our partnership with the Volkswagen brand and extending our exceptional guest experience, quality vehicles, and competitive pricing to consumers in Maryland and surrounding areas."