Industry Gamers Struggle Over Automotive Consumers In Surabaya

In September 2023, Asbury Automotive acquired Jim Koons automotive dealership group for about $1.2 billion. In December 2019, Asbury agreed to buy Texas-based Park Place Dealerships, a set of luxurious automobile dealerships in the Automotive news Dallas/Fort Worth area, for $1 billion. On March 24, 2020, the deal was canceled amid considerations due to the COVID-19 pandemic. However, a modified deal was reached on July 6 of that yr which closed on August 24.