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  • LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation
    Automotive

    LMP Automotive under contract to sell 2 more dealerships as it continues plans for liquidation

    December 26, 2022 /

    Expanding Morgan Automotive Group of Tampa, Fla., bought two Florida Kia dealerships from LMP Automotive Holdings Inc. previous 7 days and purchased a Florida Stellantis retail outlet in a separate, unrelated November transaction. It marks the 3rd dealership sale announced by smaller car retailer LMP in three months. The Fort Lauderdale, Fla., firm claimed in a Monday information launch that it is below agreement to sell two extra dealerships and is promoting its two remaining franchised merchants. The deal for Kia of Cape Coral and Kia of Port Charlotte shut on Dec. 15, in accordance to Morgan Automotive CEO Brett Morgan. The dealerships’ names continue being, he stated. “That was…

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