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Sewell to open German-brand in North Texas, HoustonSewell to open German-brand in North Texas, Houstonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18122015-02-05T06:51:00Z2015-02-05T00:00:00Z

GRAPEVINE, McKINNEY, HOUSTON - Sewell Automotive Cos. will open four new German-brand car dealerships in Texas over the next two years.

In one of the biggest expansions in Sewell’s 104-year history, the four franchises will push the Dallas-based company’s holdings to 18 dealerships in Texas.

BMW of Grapevine will be next to Sewell Cadillac in the 1000 block of E. SH 114 and will open in spring 2016, according to Carl Sewell, chairman of the company.

Audi of McKinney will be built on an 11-acre site at SH 121 and Stacy Rd.

Sewell will also open Audi and Mercedes-Benz dealerships in the Houston area.

Though plans for the dealerships are still being finalized, the BMW store in Grapevine would be about 300,000 sf and include a four-story parking garage.

Luxury vehicles are expected to account for 2 million of the total 16.9 million new-vehicle sales this year in the U.S. and generate 20.6 percent of the industry’s net revenue, according to TrueCar.com.

Dallas Morning News
Dallas-Fort Worth-Arlington
Retail
http://www.dallasnews.com/business/autos-latest-news/20150129-sewell-to-open-four-german-brand-car-dealerships.eceRead more at {Source}

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