Umansky Automotive Group, fresh off of exiting Virginia last month, entered Texas with the purchase of a luxury dealership from auto retail giant Asbury Automotive Group Inc.
Umansky Automotive, of Memphis, Tenn., on Monday bought David McDavid Acura of Austin, owner Dan Umansky confirmed to Automotive News.
The dealership was renamed Acura of Austin North.
"It's arguably the best market in the country right now," Umansky said. "It's really fast growing. We love Austin. We are targeting more acquisitions in Texas."
It marks the fourth Acura dealership for the group, Umansky said. He confirmed the Austin store purchase was his group's first acquisition since it bought two Tennessee dealerships in May 2022.