Dealer groups have kicked off the week of NADA Show 2022 much like they’ve spent the past year-and-a-half: with a flurry of buy-sell moves.

Starting with the publicly traded variety, Group 1 Automotive announced Monday it has purchased Charles Maund Toyota in Austin, Texas, a store expected to bring in annual revenues of $435 million.

The store will be renamed Toyota of North Austin and would be the retailer’s 16th U.S. Toyota dealerhip.

“We are pleased to welcome the team at Toyota of North Austin to the Group 1 family. The Austin market is leading the way as a home for numerous large companies which have been relocating to Texas in recent years,” Group 1 president and chief executive officer Earl Hesterberg said in a news release.

“The Austin metro market has grown by more than 30 percent and added over 500,000 residents to become the nation's fastest growing large metro area from 2010 to 2020,” he said.

Hesterberg added, "The combination of the Toyota brand and the Austin market represents a positive growth opportunity for Group 1.  Additionally, our current financial position allows us to continue to return capital to shareholders, as evidenced by our year-to-date repurchase of 390,201 shares at an average price of $177.53, for a total of $69.3 million, which represents over 2 percent of our beginning of the year outstanding share count.”

Next up, Larry H. Miller Dealerships has sold its Toyota of Colorado Springs store to Omaha, Neb.-based Baxter Auto Group.

The store will be Baxter’s second dealership in Colorado, and its 23rd overall throughout Nebraska, Kansas and Colorado.

“We are delighted to have Toyota of Colorado Springs join the Baxter Family,” Baxter president and CEO Mickey Anderson said in a news release. “This is a part of our long-term strategy to diversify our geographic footprint, while deepening our longstanding relationship with Toyota Motor Company.”

Anderson added: “We welcome the 80 employees of Larry H. Miller Toyota to the Baxter Family. Our team looks forward to a smooth transition as we onboard these new teammates.”

Moving from the Heartland to the Southeast,  the Mitchell Family Office has sold Summerville Ford in the Charleston, S.C., area to Hudson Automotive Group, according to a news release from Haig Partners, which advised the Mitchell Family Office.

“We made the decision to sell the Summerville Ford store to allow us to completely focus on the family’s core business opportunities in healthcare,” owner Mark Mitchell said in a news release.

“We’ve been impressed with John Davis and the team at Haig Partners. Their depth of relationships secured the absolute right buyer, and their knowledge and experience ensured a smooth transaction from the beginning through the end of the deal.”

Hudson Automotive Group CEO David Hudson added: “We are looking forward to bringing another well-respected dealership and team into the Hudson Automotive family. This addition aligns well with our mission of providing great service and brands to customers and communities throughout the Southeast.”