Asbury Automotive Group completed the sale of its Larry H. Miller Toyota Corona dealership in Corona, California, on June 9, 2025. The dealership and its related real estate and business operations were acquired by Mike Hong and Jerry Heuer, who will rename the store Toyota of Corona.
This divestiture is part of Asbury's ongoing portfolio optimization strategy. The Larry H. Miller Toyota Corona dealership was originally acquired by Asbury as part of its larger acquisition of Larry H. Miller Dealerships in December 2021.
The Presidio Group advised Asbury on this transaction, which aims to maximize shareholder value and ensure a smooth transition for the dealership team. This sale reflects Asbury's disciplined approach to managing its asset base.
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