Asbury Exits St. Louis Market, Selling Six Luxury Dealerships to MileOne

Event summary

  • Asbury sold six luxury dealerships and a collision center in St. Louis to MileOne Autogroup for an undisclosed sum.
  • The transaction closed on February 23, 2026, and included Plaza Motors dealerships for Mercedes-Benz, BMW, Land Rover, Audi, and Infiniti.
  • Asbury's exit from St. Louis follows its 2025 acquisition of 33 dealerships from Herb Chambers Companies.
  • MileOne gains immediate scale in a new region with a strong mix of luxury brands.
  • The Presidio Group advised Asbury on the sale.

The big picture

This transaction reflects broader trends in the U.S. dealership market, where large automotive retailers are actively realigning their portfolios to focus on high-growth regions and strategic brands. Asbury's sale of the Plaza Motors platform highlights the importance of portfolio management in achieving long-term objectives, while MileOne's acquisition underscores the continued appetite for luxury dealerships in attractive markets. The deal also signals the ongoing consolidation in the automotive retail sector, with major players like Asbury and MileOne reshaping their footprints to capitalize on evolving market dynamics.

What we're watching

Portfolio Optimization
How Asbury will allocate resources following this divestiture and whether further market exits are likely.
Regional Strategy
Whether MileOne can successfully integrate and grow the Plaza Motors platform in St. Louis.
Industry Consolidation
The pace at which similar luxury dealership transactions occur in other markets.