On of the largest auto dealership companies in the country has announced plans to build a new location in Colorado Springs.
The Fort Lauderdale-based AutoNation wants to build a complex on a currently vacant 3.4 acre-site at 7456 Targa Drive on the far northeast side of the city.
Plans call for the construction of an 18,500 square foot structure that will house new and pre-owned vehicles.
Launched in 1996, AutoNation is a fast-growing company with more than three hundred locations in 18 states and annual revenues in excess of $21 billion.
To date, the company has sold more than 13 million vehicles.
The company earlier this year announced plans to build five new locations in 2021, adding to an overall total of 130 new locations that are expected to be built by the end of 2026.
In May, AutoNation purchased for $8.8 million the Broadway Square Shopping Center in Littleton, Colorado, with plans to turn a portion of that retail center into an office and parking space with vehicles for sale.
Exact construction plans for the new AutoNation Colorado Springs facility are expected to be announced later this summer.
By Garry Boulard
