LMP Automotive sells last franchised dealerships | Lithia unloads Toyota, Ford and Bentley-Lotus dealerships | Canada's Alpha Auto group to pay about $588M for UK's Lookers

LMP Automotive Holdings, which once had grand ambitions to roll up dozens of dealerships, sold its final two franchised dealerships this month.

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Wednesday, July 05, 2023 Done Deals is a monthly look at the dealership buy-sell market. Readers can share story tips or deal news with Automotive News Retail Editor Melissa Burden at mburden@crain.com and buy-sell reporters Jack Walsworth at jwalsworth@crain.com and Julie Walker at julie.walker@crain.com. Subscription Required LMP Automotive sells last franchised dealerships LMP Automotive Holdings, which was briefly a franchised dealership group and started as a vehicle subscription provider with an online presence, has sold its final two franchised stores.    Read More > Subscription Required Lithia unloads Toyota, Ford and Bentley-Lotus dealerships   Read More > Subscription Required Canada's Alpha Auto group to pay about $588M for UK's Lookers   Read More >   This Automotive News feature lists dealership acquisitions as reported by brokers, news media and official announcements. See our list of buy-sells and submit details of your deals here.   Recent transactions:   ■ Al Hendrickson Toyota | Coconut Creek, Fla. » ■ Beck & Masten Kia | Tomball, Texas » ■ Motor City Chevrolet-GMC | Kewanee, Ill. » ■ Forrer Chrysler-Dodge-Jeep-Ram | Duncannon, Pa. » ■ Thief River Ford | Thief River Falls, Minn. »   This Automotive News feature lists dealership acquisitions as reported by brokers, official announcements and news media. Subscription Required Morgan Automotive buys Al Hendrickson Toyota   Read More > Subscription Required Baxter Auto, Martin Management and AutoNation among Q1, Q2 dealership buyers   Read More > Sponsored Content From Haig Partners Buy-Sell Q&A: Dealership Profits Dropping, But Values Remain Strong We are coming off three of the most eventful years in our industry’s history. Production dropped but profits soared.   Read More > Subscription Required Lithia makes 2023 revenue progress with 14-store deal   Read More > Subscription Required AutoNation buys Stellantis, Subaru, Volkswagen, Mazda and Hyundai dealerships in California   Read More > Subscription Required Lithia wants to hit revenue of $25 billion from acquisitions, up by $5 billion   Read More > Subscription Required Group 1 Automotive adds Kia store, sells Ford dealership   Read More > UNLOCK YOUR ACCESS Discover the latest news, insight & analysis needed to navigate the automotive industry. VIEW OUR SUBSCRIPTION OFFERS This email was sent to bimoharjanto.ankerbellok@blogger.com Manage My Account | Contact Us   © 2023 Automotive News 1155 Gratiot Ave., Detroit, MI 48207-2997 United States Privacy Policy | Terms and Conditions | Unsubscribe