SAN DIEGO--Asbury Automotive Group Inc. has completed the sale of Larry H. Miller Toyota Lemon Grove to Vaughan Automotive, marking Vaughan's entry into the California market. The transaction, which closed on June 16, includes the dealership's real estate and business operations. Previously acquired by Asbury in December 2021 as part of the Larry H. Miller Dealerships purchase, this sale represents the last of Asbury's California holdings. The Presidio Group LLC, known for its expertise in mergers and acquisitions within the automotive sector, provided exclusive advisory services to Asbury for this transaction. Vaughan Automotive, already a representative of four metro Toyota stores in Texas, plans to rename the dealership Maverick Toyota as part of its strategic expansion.
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