Lithia Motors has acquired Mercedes-Benz of Jackson (Miss.) and Mercedes-Benz of Collier (Tenn.) from the Higginbotham family in a deal brokered by the Presidio Group. +

Florida’s Atlantic Coast Automotive Group has acquired all three of Lithia Motors’ West Virginia stores, entering a sixth state in a move described as a “key strategic divestiture” by the broker. +

Kerrigan Advisors’ latest Blue Sky Report finds single point dealerships represented 79% of buy/sells in the first quarter, up from 68% in 2023, but total transactions fell by 14%. +

Hendrick Automotive Group will return to Columbia, S.C., with the purchase of Love Chevrolet and Love GMC from Love Automotive, which exits the market after 60 years. +

Jerry Seiner Auto Group has acquired Ocean Honda of San Juan Capistrano from Victory Automotive Group. The renamed Jerry Seiner Honda is the Utah group’s first California store. +

AutoNation has acquired Groove Ford and Groove Mazda of suburban Denver from Summit Automotive Partners, completing the selloff of Summit’s Colorado Groove stores that started last year. +

Auto Dealership Partners has won an $18 million judgment against Ford Motor Co. after accusing the factory of engaging in “deceit and fraud” by blocking the purchase of a Benton, Ark., franchise. +

Shortly following a multimillion-dollar penalty leveled by the FTC, AutoCanada Inc. is actively seeking a buyer for its 10 Illinois dealerships and hopes to close the deal by the end of 2025. +

U.S. auto dealers sold 697 franchises in an all-time record of 438 transactions last year, according to Kerrigan Advisors’ year-end Blue Sky Report, a 10% increase from 2023. +

Carvana has acquired Jerry Seiner Chrysler Dodge Jeep Ram of Casa Grande, Ariz., marking the online retailer and dealer disruptor’s first foray into the new vehicle business. +