Sonic on Monday bought Bobby Ford Chrysler-Dodge-Jeep-Ram in Sealy, Texas, from Bobby Ford LLC. The store was renamed Momentum Chrysler-Dodge-Jeep-Ram of Sealy. Sealy is a western suburb of Houston.
Terms were not disclosed.
Bobby Ford Chrysler-Dodge-Jeep-Ram opened in December 2020, according to the dealership’s Facebook page.
For Sonic, the acquisition marks a return to the domestic brands. A Sonic spokeswoman said the group previously had Chrysler-Dodge-Jeep-Ram brand stores, but sold all of them between 2008 and 2012.
The group’s pending $700 million acquisition of RFJ Auto Partners Holdings Inc. also includes Stellantis stores. That deal is expected to close in December.
“The strength of the Bobby Ford team and the CDJR brands will jumpstart our brand expansion efforts, setting the stage for additional CDJR locations we plan to begin operating in the Northwest later this year,” Sonic President Jeff Dyke said in a statement.
Sonic acquired a Colorado Audi-Volkswagen dealership in August and two other dealerships in Colorado in July. Sonic’s July purchase of Subaru and Volkswagen dealerships were the group’s first acquisitions since November 2014.
With the Texas acquisition, Sonic said it has 88 franchised dealerships, with 17 of those in Texas.
Sonic, of Charlotte, N.C., ranked No. 7 on the Automotive News list of the top 150 dealership groups based in the U.S., with retail sales of 93,281 new vehicles in 2020.
