Asbury Automotive Group sells Toyota dealership in Colorado

Asbury grew to 10 Lexus retailers with individuals acquisitions, and substantial-performing dealership groups are authorized up to 8 Lexus stores nationally under framework agreements, Hult said.

Hult also advised Automotive News in December that the car retailer anticipated that with these big acquisitions — Larry H. Miller integrated 54 new-vehicle dealerships, and Stevinson provided 8 outlets — it may possibly have to promote a few dealerships stemming from a density situation with another producer he failed to identify.

A spokeswoman for Asbury didn’t right away answer to concerns Monday.

Baxter Vehicle ranks No. 36 on Automotive News‘ most current listing of the best 150 dealership groups based mostly in the U.S., retailing 21,889 new automobiles in 2020.

Asbury, of Duluth, Ga., ranks No. 6 on that exact listing, retailing 95,165 new motor vehicles in 2020. Asbury has approximated that incorporating Larry H. Miller and its other 2021 dealership acquisitions would make it the fourth-major new-car or truck retailer when measured by professional forma annualized earnings.

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