Four growing dealership groups, including two of the largest in the country, completed acquisitions in the second, third and fourth quarters.
Here's a look at the deals involving domestic and import stores in California, Michigan, Texas, and Indiana.
Four of the deals involved a group ranked on Automotive News' list of the top 150 dealership groups.
Lithia sells Northern California Toyota store
Lithia Motors Inc., fresh off two separate store divestitures in California last month, sold another dealership this week in the Golden State.
Lithia on Monday sold Lodi Toyota to Lahham Automotive, the auto retail giant confirmed. The dealership's name remains. Lodi is south of Sacramento.
In May 2021, Lithia sold a Kia dealership in Stockton, Calif., to Lahham Automotive.
The Toyota store is Lahham's second dealership overall, said Joe Ozog, president of Ozog Consulting Group in Scottsdale, Ariz. Ozog Consulting represented Lithia in the Lodi dealership sale.
Mike Lahham, CEO of Lahham Automotive, announced the acquisition on LinkedIn on Monday.
In September, Lithia sold a Stellantis dealership in Northern California and a Honda dealership near Los Angeles.
Lithia, which has sold several stores this year, said last month it expected to sell dealerships in 2022 representing $625 million in annual revenue.
In September, the auto retail giant reentered Wisconsin with the purchase of five dealerships.
Lithia, of Medford, Ore., ranks No. 2 on Automotive News' list of the top 150 dealership groups based in the U.S., retailing 260,738 new vehicles in 2021.