#The Strategic Shift Asbury Automotive Group?s Sale of Larry H. Miller Toyota Corona

#The Strategic Shift Asbury Automotive Group?s Sale of Larry H. Miller Toyota Corona

A Strategic Retreat or a Calculated Move Analyzing Asbury Automotive's Recent Acquisition Deal In a significant development within the automotive retail landscape, Asbury Automotive Group (NYSE: ABG) engaged in the sale of its Larry H. Miller Toyota Corona dealership and associated business operations to undisclosed buyers, as announced by The Presidio Group, an independent merchant banking firm. The transaction was officially closed on June 9, …

Dealer news: Asbury sells Larry H. Miller store; longtime independent acquires 1st franchise; new Bentley location in Calif.

One of the former Larry H. Miller dealerships has changed hands again. Asbury Automotive Group has sold Larry H. Miller Toyota Corona in Corona, Calif., and its related real estate and business operations to Mike Hong and Jerry Heuer, according to The Presidio Group, which represented Asbury in the transaction. The dealership is one of 61 acquired by Asbury in its blockbuster $3.2 billion purchase of the Larry H. Miller Dealerships in December 2…