The Nolan Ford dealership in Georgetown plans to close by the end of March.
In the statement, company officials said they "made an agreement with Ford Motor Company to close the dealership supporting Ford's consolidation efforts to 'right size' their dealer count."
Todd Wilson, general manager, thanked the dealership's customers in the news release and noted that "we wanted to be part of the solution rather than the problem."
Wilson did not return multiple messages left Monday.
The dealership, located at 1446 Cherry Blossom Way in Georgetown, will be selling off its inventory of new and used vehicles.