Asbury Automotive has sold its Larry H. Miller Ford, Chevrolet and CJDR stores in Provo, Utah, to Salt Lake Valley Auto Group, adding to its divestiture of the group it acquired in 2021. +

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%. +

Kerrigan Advisors tracked 330 dealership transactions involving 544 franchises in the first nine months of 2024, putting M&A on track for a fifth consecutive year of growth. +

The buy-sell market for auto dealerships set records in the first half of 2024 with transaction activity on pace to double pre-pandemic levels for the year. +