Megaretailer Asbury Automotive Group Inc. divested 9 dealerships on Dec. 5, promoting the North Carolina shops to Hudson Automotive Group of Charleston, S.C., in response to Hudson President David Hudson.

Representatives from Asbury Automotive did not instantly return calls looking for remark.

Hudson advised Automotive Information that his firm purchased six dealerships from Asbury in Greensboro, N.C., representing the Acura, BMW, Chrysler-Dodge-Jeep-Ram, Honda, Nissan and Volvo manufacturers. A collision store and car parking zone in that metropolis have been included within the transaction. Hudson Automotive additionally acquired Dodge-Ram and Ford shops in Fayetteville, N.C., from Asbury, plus a Honda retailer in Durham, N.C. Asbury had operated the dealerships underneath its Crown Automotive regional model.

Hudson stated firm leaders are excited in regards to the new areas, describing the shops’ franchises as nice manufacturers in a terrific market. The transaction provides Hudson Automotive its first BMW and Volvo shops.

“We have been in North Carolina for a few years, and we’re excited to proceed to develop in that space,” Hudson stated.
Till the Asbury deal, it had been a largely quiet 12 months on the transaction entrance for Hudson Automotive. Hudson on Feb. 28 bought Summerville Ford in South Carolina. The dealership group now has greater than 40 shops in North Carolina, South Carolina, Georgia, Tennessee, Ohio, Kentucky, Alabama and Louisiana, Hudson stated.

It wasn’t the dealership group’s first take care of Asbury. Hudson Automotive in September 2020 bought a Lexus dealership in Greenville, S.C., from Asbury, Hudson stated.

For Asbury, it is the group’s second massive batch of divestitures this 12 months. In February and March, Asbury offered seven shops to adjust to automaker store-count limits following its massive acquisitions in 2021 of Larry H. Miller Dealerships and Stevinson Automotive. Asbury leaders in August stated the corporate was again available in the market to purchase dealerships once more after pausing to work on lowering its debt ratio within the aftermath of these giant purchases.

Asbury of Duluth, Ga., ranked No. 5 on Automotive Information’ most up-to-date checklist of the highest 150 dealership teams based mostly within the U.S., with retail gross sales of 109,910 new autos in 2021.
Hudson Automotive has renamed the brand new dealerships Greensboro Acura, BMW of Greensboro, Greensboro Chrysler-Dodge-Jeep-Ram, Greensboro Honda, Greensboro Nissan, Volvo Automobiles Greensboro, Fayetteville Dodge-Ram, Liberty Ford of Fayetteville and Southpoint Honda.