Dream Motor Group Acquires Toyota of Montgomery and Lexus of Montgomery for $151M

Penske Automotive Group Acquires Four Toyota and Lexus Dealerships from Longo Entities

November 19, 2025

Automotive

Penske Automotive Group acquired four high-volume Toyota and Lexus dealerships — Longo Toyota, Longo Lexus (El Monte), Lexus of Stevens Creek (San Jose), and Longo Toyota of Prosper (Texas) — expanding its presence in Southern and Northern California and the Dallas market. The stores retailed more than 28,000 new and used vehicles in 2024, are expected to add roughly $1.5 billion in annualized revenue, and the transaction closed on November 19, 2025 (financed via the company’s U.S. credit agreement and a note payable to the seller).

Group 1 Automotive Acquires Three Luxury Brand Dealerships in Florida and Texas

May 19, 2025

Automotive

Group 1 Automotive, Inc. acquired three luxury-brand dealerships — a Lexus and an Acura dealership in Fort Myers, Florida, and Mercedes‑Benz of South Austin in Texas — expanding its footprint in key cluster markets. The three dealerships are expected to generate approximately $330 million in combined annual revenues and will complement Group 1's existing luxury portfolio.

Lithia & Driveway Acquires Two Mercedes‑Benz Dealerships from the Higginbotham Family

June 2, 2025

Automotive

Lithia & Driveway (Lithia Motors, Inc.) has acquired Mercedes‑Benz of Jackson (Mississippi) and Mercedes‑Benz of Collierville (Tennessee), including associated real estate, from members of the Higginbotham family. The purchases expand Lithia's luxury-brand footprint and store density in the Southeast as part of its continued acquisition strategy.

Lithia & Driveway Acquires Stivers Decatur Subaru

October 14, 2025

Automotive

Lithia & Driveway (LAD) acquired Stivers Decatur Subaru in the Atlanta/Decatur market to increase network density in the Southeast and strengthen its import mix. The acquisition, financed with on-balance-sheet capacity, is expected to bring an estimated $100 million in annualized revenue and deepens Lithia's footprint in a growth market.

Lithia & Driveway Acquires Porsche Beverly Hills and Audi Santa Monica

November 11, 2025

Automotive

Lithia & Driveway (LAD) acquired two luxury Southern California dealerships — Porsche Beverly Hills and Audi Santa Monica — adding an estimated $450 million of annualized revenue. The purchases, sourced from owner Geoff Emery, expand Lithia's luxury retail network and were financed with existing on‑balance sheet capacity.

Sonic Automotive Acquires Four Jaguar Land Rover Dealerships from US Auto Trust

July 1, 2025

Automotive

Sonic Automotive, a Fortune 500 automotive retailer, acquired four Jaguar Land Rover dealerships in California — Jaguar Land Rover Los Angeles, Jaguar Land Rover Newport Beach, Jaguar Land Rover San Jose, and Land Rover Pasadena — from US Auto Trust. The acquisition adds approximately $500 million of annual revenue, expands Sonic's national footprint to 177 franchises, and makes Sonic the largest Jaguar Land Rover retail ownership group in the U.S. by volume.