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Canceled $1 Billion Auto Dealership Deal Comes Back at Reduced Price

Georgia's Asbury Agrees to Acquire Most of Park Place's Businesses in Greater Dallas for $735 Million
Asbury Automotive Group agreed to buy a Mercedes-Benz dealership in Plano, Texas, and lease its real estate. (CoStar)
Asbury Automotive Group agreed to buy a Mercedes-Benz dealership in Plano, Texas, and lease its real estate. (CoStar)

A $1 billion purchase agreement for a 19-building car dealership in the Dallas-Fort Worth area was canceled at the onset of the coronavirus pandemic. Now it’s back on, as auto sales have begun to rebound for the buyer.

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