Asbury sells 7 stores to fit Lexus, Toyota cap rules

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.

Featured Stories

Trump announces 25% tariff on imported vehicles and parts

Trump announces 25% tariff on imported vehicles and parts

Hyundai touts American investment at Georgia EV plant

Hyundai touts American investment at Georgia EV plant

Nissan says it’s here to stay at show-and-tell, plans wave of 10 products by ’27 in ‘critical’ U.S.

Nissan says it’s here to stay at show-and-tell, plans wave of 10 products by ’27 in ‘critical’ U.S.

Live talk at noon March 31: Top 150 Dealership Groups and automotive retail

Live talk at noon March 31: Top 150 Dealership Groups and automotive retail

Latest News

Ontario premier plans to ‘inflict as much pain as possible’ on U.S. over auto tariffs

Trump announces 25% tariff on imported vehicles and parts

Live updates on tariffs: Trump sets 25% tariff on vehicles made outside U.S.

New-car market will expand 8.5% in March, trade group forecasts

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Live talk at noon March 31: Top 150 Dealership Groups and automotive retail

2025 Best Dealerships To Work For application deadline nears

For dealerships, is agentic AI the next big thing?

Fake customer terrifies dealership salespeople on test drives for Instagram views

Staying current is easy with newsletters delivered straight to your inbox.