Driving the news: AutoCanada sold Toyota of Lincoln Park in Chicago to Murgado Automotive Group for $8.2 million. The deal, which closed January 26, marks another step in the Canadian group’s plan to exit the U.S. market.
For context: AutoCanada announced in 2025 that it would sell its U.S. dealerships, which it operates under the subsidiary Leader Automotive Group, after struggling to keep them profitable.
The company sold 13 dealerships in 2025 for $82.7 million.
Kevin Nill, a managing director with Haig Partners, which represented AutoCanada in the deal, said the group now has three stores in Chicago and several more in central Illinois.
Miami-based Murgado Automotive Group owns a luxury-heavy portfolio with more than 20 stores in multiple states, including California, New Jersey and Virginia.
Murgado renamed the store Toyota of Downtown Chicago.
What they’re saying: Alan Haig, president of his namesake group, said in a release that Toyota dealerships remain one of the most sought-after thanks to excellent products and dealer friendly policies. “Leading buyers like Mr. Murgado compete aggressively to acquire them whenever they become available in nearly every market…,” Haig wrote.
Bottom line: Haig also said that demand for Toyota spans from public retailers to first-time buyers to family-owned groups and those backed by private equity firms, “each pursuing distinct strategies,” creating a market that “ is favorable for the sale of well-positioned Toyota dealerships.”
You can see this deal announcement and many more throughout the entire year, by visiting the CDG Buy/Sell tracker at CDGbuysell.com powered by:
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