Asbury Automotive Group completed the sale of its Larry H. Miller Ford, Chevrolet, and CDJR dealerships in Provo, Utah, to Salt Lake Valley Auto Group on June 30, 2025. These dealerships were originally acquired as part of the 2021 Larry H. Miller acquisition.
This divestiture is a component of Asbury's strategy to optimize its brand mix and rebalance its assets to align with long-term growth goals. Provo, Utah, is noted as a high-growth market with strong population growth and rising vehicle demand.
Kerrigan Advisors represented Asbury in this transaction. The sale allows Asbury to continue its disciplined approach to portfolio management while Salt Lake Valley Auto Group strengthens its market share in the region.
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