LMP Automotive Holdings Inc. has achieved the sale of its Stellantis dealership in Current York, , and talked about it has entered into agreements to sell its Kia dealerships in Port Charlotte and Cape Coral, Fla., to Morgan Auto Community of Tampa, Fla.

Tasca Automotive Community, of Cranston, R.I., on Tuesday offered LMP’s White Plains Chrysler-Dodge-Jeep-Ram in White Plains, N.Y., Carl Tasca Jr., one amongst the crew’s homeowners, confirmed to Automotive Recordsdata. Tasca talked about he owns the crew with three of his cousins.

The store became as soon as renamed Tasca Chrysler-Dodge-Jeep-Ram of White Plains. White Plains is north of Current York City and approach the Connecticut border.

LMP, a Citadel Lauderdale, Fla., auto retailer with seven various franchised dealerships, revealed in July that it had a deal in divulge to sell the Stellantis store and had employed BoA Securities to support it stumble on strategic alternatives.

In February, LMP talked about it became as soon as exploring strategic choices for its industrial including a imaginable sale of the corporate, because it launched it will discontinuance seven pending acquisitions since it became as soon as unable to receive financing to pay for them.

LMP on Wednesday talked about it sold the Stellantis dealership for $15.8 million.

The Current York dealership sale follows LMP’s disclosure this month that its planned sale of six dealerships across Florida and West Virginia to Atlantic Fly Automotive Community became as soon as terminated.

The two Kia dealerships were half of the six-dealership transaction that became as soon as terminated. LMP talked about it additionally has bought pastime in the four various dealerships that were slated for that transaction, located in West Virginia. The minute auto retailer talked about Wednesday that it plans to pass forward with its thought to liquidate and dissolve the corporate.

LMP, in a Wednesday news launch, talked about it expects the Kia dealerships sale to within scrutinize the atomize of the year, pending closing prerequisites and regulatory approval.

Morgan Auto CEO Brett Morgan did now not straight retort to a request for comment. Morgan Auto ranks No. 8 on Automotive Recordsdata’ checklist of the top 150 dealership teams in the U.S., retailing 60,951 unique autos in 2021.

Last month, LMP in a news launch talked about that it had entered into agreements to sell its final franchised dealership, a Overall Motors store, and connected loyal estate in Greeneville, Tenn. LMP, which did now not title the customer for that store, talked about then that it anticipated to end on that transaction in November, pending several closing prerequisites.

For Tasca Automotive, the White Plains store marks its first Current York dealership, Tasca confirmed, and its second Stellantis store.

Tasca described Westchester County, the set apart White Plains is located, as a top market.

“We’re constantly shopping for excellent opportunities,” Tasca told Automotive Recordsdata. “After expanding into Florida and then into the Midwest, we started to substitute our mindset from as adverse to making an strive at staying in Current England, [to] making an strive to develop in any divulge that made sense. We more or much less stumbled on this loyal thru mutual contacts in the alternate.”

The White Plains acquisition became as soon as Tasca Automotive’s first seize since November 2021, when it offered a Cadillac store in Melbourne, Fla., Tasca confirmed. Tasca Automotive offered two Buick-GMC stores, additionally in Florida, in October 2021.

The family-owned crew, founded in 1943 by Bob Tasca Sr., additionally has dealerships in Illinois, Rhode Island, Connecticut and Massachusetts, in accordance to its websites.

BofA Securities brokered the White Plains deal, Tasca talked about.