A national automotive group has acquired three Orlando-area dealership properties in a deal worth more than $100 million.
An entity connected to Penske Automotive Group Inc. (NYSE: PAG) closed on the properties Feb. 23 tied to Lexus of Orlando and Lexus of Winter Park, according to property records. The properties include:
Winter Park Imports sold the dealerships, which are expected to boost Penske's annualized revenue by $450 million.
"We do hope to grow the businesses over time, and that would certainly require incremental additional staff in the coming months and years," Penske said in a statement to Orlando Business Journal. "As for investments, we plan to grow. As we look to grow, we do plan to make investments in both properties and facilities over time."
Penske operates more than 200 retail automotive dealership locations across the U.S., including several in Florida, such as the Toyota of Central Florida dealership at 11020 South Orange Blossom Trail.
Dealership sales hit a record for 2025, according to the latest data from Kerrigan Advisors.
Kerrigan Advisors — a specialized investment bank and advisory firm focused exclusively on the auto retail industry — tracked 458 transactions in 2025, a 5% increase from 2024.
“While buy/sell activity was strong in 2025, the valuation environment is increasingly bifurcated, with high-performing franchises continuing to command price premiums, while lower-performing or smaller-scale dealerships face more limited buyer interest,” Erin Kerrigan, founder and managing director of Kerrigan Advisors, said. “The leading consolidators are also becoming more precise and strategic with their capital deployment, prioritizing scale within existing markets and targeting high-volume dealerships to drive operational efficiencies, leading to a buy/sell market that is increasingly bifurcated.”
Kerrigan said most transactions happened in a place where the buyer has a presence already, with the focus now on building regional scale. This comes as U.S. retail new vehicle sales reached 14.5 million units in 2025, according to Kerrigan.
Other dealership properties have also gone on the market. For example, Sanford Infiniti will consolidate into its Orlando location and sell its property.
According to the Florida Automobile Dealers Association, there are 936 dealerships that focus primarily on new vehicle sales in the state as of the end of 2024. Those dealerships generated $115.4 billion in sales statewide and averaged 95 employees each.
Kerrigan Advisors is the leading sell-side advisor and thought partner to auto dealers nationwide. Since its founding in 2014, the firm has led the industry with the sale of more than 300 dealerships generating more than $10 billion in client proceeds, including two of the largest transactions in auto retail history – the sale of Jim Koons Automotive Companies to Asbury Automotive Group and Leith Automotive to Holman. The firm advises the industry’s leading dealership groups, enhancing value through the lifecycle of growing, operating and, when the time is right, selling their businesses. Led by a team of veteran industry experts with backgrounds in investment banking, private equity, accounting, finance and real estate, Kerrigan Advisors is the only firm in auto retail exclusively dedicated to sell-side advisory, providing its clients the assurance of a conflict-free approach.
Kerrigan Advisors monitors conditions in the buy/sell market and publishes an in-depth analysis each quarter in The Blue Sky Report®, the industry authority on dealership buy/sell market trends and valuations and includes Kerrigan Advisors’ signature blue sky charts, multiples and analysis for each franchise in the luxury and non-luxury segments. To download a preview of the report, click here. The firm also releases The Kerrigan Index™ comprised of the seven publicly traded auto retail companies with operations focused on the US market. The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail. To access The Kerrigan Index™, click here. To read the 2024 Kerrigan Dealer Survey, click here. To read the 2025 Kerrigan OEM Survey, click here. Kerrigan Advisors also is the co-author of NADA’s Guide to Buying and Selling a Dealership.
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