Foreign investors in auto retail are not new.
In the 1990s, Chinese company DCH started buying U.S. dealerships. It's still in operation but it's now owned by Lithia Motors Inc. DCH stands for Dah Chong Hong, which means "great prosperous company" in Chinese.
U.K. dealership group Pendragon controls dealerships mostly in the U.K., but also in Germany and California.
Last year, Pon Holdings BV, a transportation and mobility company and luxury-brand distributor in the Netherlands, invested in IndiGO Auto Group of Houston.
The size of the investment and of the stake that Pon took in indiGO were undisclosed. IndiGO Auto Group has 10 dealerships in Houston, St. Louis, Palm Springs, Calif., and Rancho Mirage, Calif. It sells 11 luxury brands: Porsche, Audi, Jaguar, Land Rover, Rolls-Royce, Bentley, Aston Martin, Maserati, BMW, McLaren and Lamborghini.
John Irwin contributed to this report.