Asbury Automotive Group completed the sale of its Larry H. Miller Toyota Lemon Grove dealership in Lemon Grove, California, to Vaughan Automotive on June 16, 2025. Vaughan Automotive will rename the store Maverick Toyota.
This transaction marks the final divestiture of Asbury's California holdings that were part of the December 2021 acquisition of Larry H. Miller Dealerships. Vaughan Automotive, which already operates four metro Toyota stores in Texas, is making its first entry into the California market with this acquisition.
The Presidio Group advised Asbury on the sale, which aligns with the company's strategy to optimize its portfolio. The transaction aims to achieve the best value for shareholders and ensure the well-being of the dealership team.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.