Lithia said it sold four dealerships in the second quarter, including a Kia dealership in California and Hyundai outlet in New York.
The vehicle retail giant, which also divested Audi Valencia in California and Hazleton Honda in Hazle Township, Pa., in the second quarter, said it sold Lithia Kia of Stockton on May 26 and Carbone Hyundai in Yorkville, in upstate New York, on May 7.
Lithia, the second-largest dealership group in the U.S., had owned the Kia store since October 2013 and the Hyundai dealership since 2016. The Hyundai dealership was part of the retailer's acquisition of the nine-store Carbone Auto Group in New York and Vermont.