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The acquisition by Lithia Motors, set to close within the next six to eight weeks, represents a pivotal moment for Carousel Motor Group.

Lithia Motors buys Carousel Motor Group in 9-store deal

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The Pohlad family has decided to part ways with Carousel Motor Group, a company it founded 15 years ago. Lithia Motors will scoop up...
Group 1 owns and runs 200 car dealerships, 262 franchises, and 43 collision centers in the U.S. and the U.K.

Group 1 acquires 2 high-volume Lexus stores in California

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Group 1 Automotive, one of the nation's largest and top-selling automotive retailers, announced the acquisition of Newport Lexus and Tustin Lexus from Wilson Automotive. The...