Gail Kachadourian Howe

Penske Automotive Group Inc. on Nov. 19 acquired Penske Motor Group’s four dealerships, including Longo Toyota.

Consolidation in ownership of new light-vehicle dealerships is continuing its 10-year trend, according to a National Automobile Dealers Association midyear report.

Several regional groups continued to grow their footprints in the latest dealership buy-sell transactions tracked by Automotive News.

Affordability concerns are driving some consumers to buy older model-year vehicles that fit into their monthly budgets, industry experts said in an Oct. 22 Automotive News Congress Conversation.

Dream Motor Group, co-owned by former University of Alabama football coach Nick Saban, is set to buy its first Toyota-Lexus dealership from Brett Sutherlin of Sutherlin Automotive Group.

Lithia Motors Inc. bought a Subaru dealership in the Atlanta area.

The acquisition appeared to be the first dealership purchase for Swickard Auto Group in 2025.

Dealerships in seven states were sold in the latest buy-sell transactions tracked by Automotive News.

AutoNation said the dealerships are great assets to its footprint in Chicago, a key market for the retail giant.

Domestic and import brand stores traded hands across nine states.