AutoNation’s used vehicle reach expands; Asbury incurred $2.7 million for an acquisition that wasn’t

AutoNation is continuing to expand its standalone used-vehicle store presence with “more than 20 additional facilities currently under development” and it expects to open “over 10 new stores over the next 12 months,” said Joe Lower, the company’s chief financial officer.

Asbury Automotive Group CEO David Hult, said the company incurred $2.7 million in costs for ...