Retail

Colorado stores high on list for acquisitions

Phil Long Dealerships of Colorado Springs, Colo., purchased Glenwood Springs Subaru last June, and Sonic Automotive bought an Audi-Volkswagen dealership in that same city last August.
Phil Long Dealerships of Colorado Springs, Colo., purchased Glenwood Springs Subaru last June, and Sonic Automotive bought an Audi-Volkswagen dealership in that same city last August. (GETTY IMAGES)
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March 21, 2022 04:00 AM

Last year, an estimated 1 in every 6 new-vehicle dealerships changed ownership in Colorado amid a flurry of acquisitions led by accelerated spending by public auto retailers.

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