Publics adapt as buy-sells rev up

As the buy-sell market heats up, the public dealership groups are mostly taking a measured approach: Sell underperforming stores, and bid on the most lucrative ones.
Penske Automotive Group, Lithia Motors, AutoNation and Group 1 Automotive continue to add dealerships while selling underachieving stores. Sonic Automotive has been selling stores, while Asbury Automotive Group has been primarily a buyer.