Lithia and Asbury Continue M&A Trends
Two major dealership groups, Lithia & Driveway and Asbury, have made significant moves in the M&A market.
Lithia & Driveway, which has been actively expanding its locations, has acquired three more dealerships: Anaheim Hyundai, Huntington Beach Hyundai, and Garden Grove Hyundai in Orange County, Calif.
These dealerships were purchased from Nouri/Shaver Automotive Group, marking a significant addition to Lithia & Driveway's collection.
No specific comments were made regarding the acquisition.
In a separate move, Asbury has also made a major divestiture, although details are not specified in the provided text.
Author's summary: Lithia and Asbury make significant M&A moves.