Umansky Automotive in April sold five stores in Charlottesville, Va., to Flow Automotive Cos. Umansky Automotive also has stores in California, Mississippi and Wisconsin.
Asbury CEO David Hult, in a statement, said the auto retailer decided to exit a noncore market and Presidio Group, an investment banking and dealership advisory company in Denver and Atlanta, found the group a buyer.
In December, Asbury sold nine North Carolina dealerships to Hudson Automotive Group.
Asbury, of…
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