Core Insights - Penske Automotive Group has acquired four dealerships, including Longo Toyota, the largest Toyota dealership in the U.S., which is expected to add approximately $1.5 billion in estimated annualized revenue [1][5]. Group 1: Acquisition Details - The acquired dealerships include Longo Toyota and Longo Lexus in El Monte, California, Lexus of Stevens Creek in San Jose, California, and Longo Toyota of Prosper in Texas [1][2]. - The acquisition strengthens Penske's relationship with Toyota and Lexus, expands its presence in Southern California, and enhances operations in the fast-growing Dallas market [2]. Group 2: Financial Aspects - The purchase price was funded through a combination of existing credit availability and a note payable to the seller [2]. - The transaction closed on November 19, 2025, and further details were filed in the Company's Form 8-K with the SEC [2]. Group 3: Dealership Performance - The acquired dealerships retailed over 28,000 new and used units in 2024 [5]. - Longo Toyota has been the number one volume Toyota dealer in the U.S. for 58 consecutive years, while Longo Lexus has held the title of number one volume Lexus dealer in the Western U.S. for 35 years [5].

Core Insights - Lithia UK has confirmed the acquisition of Hatfields Group, which includes four Land Rover sales sites and one OMODA JAECOO store, marking Lithia's first representation of the Chinese brand in the UK [1][4] - The acquisition increases Lithia UK's Land Rover locations to 11, enhancing its presence in the North of England with operations in Hull, Liverpool, Pickering, and Shrewsbury [2][6] - The Hatfields brand will be retained, and all staff will remain in their positions, with the OMODA JAECOO store transitioning to Lithia's Evans Halshaw division [4][5] Company Strategy - The acquisition is part of Lithia's regional growth strategy, expanding its representation of luxury brands such as Range Rover, Defender, Discovery, and Jaguar [6] - Paul Westaway, Managing Director of Hatfields, emphasized that the acquisition enhances access to top-performing luxury car brands across the UK [3] Market Impact - Patrick McGillycuddy, Managing Director of JLR (UK), described the acquisition as a significant expansion of Lithia's retail footprint, reflecting confidence in JLR's portfolio [4] - The addition of the OMODA JAECOO site introduces a new OEM partner, Chery, which is recognized as a fast-growing global automotive brand [5]