Who is the largest auto dealer group in the US?
AutoNation, headquartered in Fort Lauderdale, Florida, is the largest automotive retail group in the United States. The company owns and operates over 300 new vehicle franchises across 22 states, representing 33 different automotive brands.
AutoNation's Dominance in the Auto Retail Industry
AutoNation's position as the largest auto dealer group in the US is a result of its aggressive growth strategy and acquisitions over the past few decades. The company has steadily expanded its footprint by acquiring smaller regional dealership groups, allowing it to consolidate its market share and leverage economies of scale.
In 2021, AutoNation reported total revenue of over $25 billion, making it the largest automotive retailer in the country by a significant margin. The next largest dealer groups, Penske Automotive Group and Lithia Motors, reported revenues of $23 billion and $13 billion respectively in the same year.
Key Factors Driving AutoNation's Success
- Diversified Brand Portfolio: AutoNation represents a wide range of automotive brands, from mass-market nameplates to luxury marques, allowing it to cater to a diverse customer base.
- Operational Efficiency: The company's scale and centralized management structure enable it to achieve greater operational efficiencies compared to smaller, independent dealerships.
- Digital Transformation: AutoNation has invested heavily in e-commerce and digital sales platforms, positioning it well to adapt to the changing consumer preferences in the automotive retail industry.
- Acquisition Strategy: AutoNation's strategic acquisitions of smaller dealership groups have allowed it to rapidly expand its footprint and market share.
These factors have all contributed to AutoNation's dominance in the US auto retail market, solidifying its position as the largest dealer group in the country.
Who owns the most car dealerships in the USA?
Terry Taylor is the nation's largest private owner of automotive dealerships.
Who is the largest auto parts retailer in the US?
AutoZone, Inc.
AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the United States. Founded in 1979, AutoZone has 7,140 stores across the United States, Mexico, Puerto Rico, Brazil, and the US Virgin Islands.
What dealer group has the most dealerships?
Lithia Motors Inc.
5 largest gains in the dealership/rooftop count
| Total number of dealerships in 2023 | Total number of dealerships in 2022 | |
|---|---|---|
| 1. Lithia Motors Inc.† ‡ | 344 | 296 |
| 2. Asbury Automotive Group Inc.† | 160 | 146 |
| 3. AutoNation Inc.† | 271 | 260 |
| 4. Anderson Automotive Group | 18 | 8 |
What are the largest auto dealer groups in the US?
Automotive News Top 150 Dealership Groups
| Dealership group | City, State | Total units |
|---|---|---|
| 1. Lithia Motors Inc.†‡ | Medford, OR | 729,799 |
| 2. AutoNation Inc.† | Fort Lauderdale, FL | 591,265 |
| 3. Penske Automotive Group Inc.†‡ | Bloomfield Hills, MI | 587,483 |
| 4. Group 1 Automotive Inc.†‡ | Houston, TX | 406,985 |
Is GM bigger than Ford?
GM is a smaller company than Ford.
What are the top 3 automotive groups?
General Motors, the Ford Motor Company and Chrysler are often referred to as the Big Three, although Chrysler has been surpassed as the third-largest U.S. automaker by Toyota of America.
Who is the car dealership billionaire no one knows?
Terry Taylor
Terry Taylor owns over 120 car dealerships in the U.S. through his majority stake Automotive Management Services Inc. Taylor first got into the car business working at his dads used Ford shop in Daytona Beach, Florida. Taylor offers his dealership managers equity in his dealerships, usually around 25%.
Who is the largest auto lender in the US?
Toyota Financial Services was once again the largest auto lender by outstanding volume in 2023 as the auto finance industry overall grew despite a decline in originations.
What is the largest automotive dealership group?
Largest dealerships
- AutoNation, 249,654 units.
- Penske Automotive Group, 178,437 units.
- Lithia Motors, 171,168 units.
- Group 1 Automotive, 140,221 units.
- Hendrick Automotive, 102,761 units.
- Asbury Automotive Group, 95,165 units.
- Sonic Automotive, 93,281 units.
- Larry H. Miller Dealerships, 61,097 units.
What are the Big Three car companies in the US?
The Big Three in the automotive industry is a reference to the three largest car manufacturers in the United States: General Motors Company (GM), Stellantis (STLA), formerly known as Fiat Chrysler, and Ford Motor Company (F).
