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Alan Jay Automotive Network sells 2 stores after failed LMP deal

Alan Jay Automotive Network in June sold two dealerships in Florida to two different buyers — stores it previously had planned to sell majority stakes in to LMP Automotive Holdings Inc.

Alan Jay Automotive, of Sebring, Fla., on June 27 sold Alfa Romeo-Maserati St. Petersburg in Pinellas Park to Qvale Auto Group, which kept the store's name.

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