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Asbury-Miller tie-up raises stakes in retail consolidation

If there was any doubt a new era of dealership consolidation has arrived, Asbury Automotive Group Inc.'s announcement last week that it would buy Larry H. Miller Dealerships erased it.

The supersized deal — one of the largest ever in auto retail — follows two other megadeals disclosed last month: Group 1 Automotive Inc.'s pending acquisition of Prime Automotive Group and Sonic Automotive Inc.'s agreement to buy RFJ Auto Partners Holdings Inc. In April, Lithia Motors Inc. acquired Suburban Collection's 34 stores.

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