Lithia Motors Inc. purchased Porsche and Audi dealerships in Southern California and said the stores are expected to generate a combined $450 million in annual revenue.
The latest dealership buy-sell transactions tracked by Automotive News include details on Asbury Automotive Group Inc.'s mega acquisition of Herb Chambers Cos., part of deals tracked in 10 states.
The Best Dealerships To Work For event was held in Nashville to celebrate an expanded group of stores that create great places to work and retain employees.
Domestic and import dealerships in Massachusetts, Virginia, Wisconsin and Indiana traded hands in three first-quarter deals and a third-quarter 2022 transaction.