Retail

Asbury sells 7 stores to fit Lexus, Toyota cap rules

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Larry H. Miller Downtown Toyota Spokane
April 24, 2022 04:00 AM

Asbury Automotive Group Inc. — which exceeded automaker-set limits on the number of Lexus and Toyota dealerships it could operate after two large December acquisitions — has completed the sale of dealerships it needed to jettison to comply with both brands' policies.

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