An unknown buyer completed the acquisition of Chevrolet Dealerships in Beckley, West Virginia from LMP Automotive Holdings, Inc..
June 13, 2023
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An unknown buyer entered into definitive agreement to acquire Chevrolet Dealerships in Beckley, West Virginia from LMP Automotive Holdings, Inc. (OTCPK:LMPX) on March 20, 2023. The Company anticipates that the expected closing of the transactions contemplated by the Agreements will occur in June 2023, subject to the satisfaction of the terms and numerous conditions precedent to closing of such Agreement, which include, but are not limited to, manufacturers? approval.
An unknown buyer completed the acquisition of Chevrolet Dealerships in Beckley, West Virginia from LMP Automotive Holdings, Inc. (OTCPK:LMPX) on June 14, 2023. The business assets include the sale of Chevrolet, Buick GMC dealerships and their underlying real estate in Beckley, West Virginia.
LMP Automotive Holdings, Inc. is an e-commerce and facilities-based automotive retailer in the United States. The Company offers a range of products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, finance and insurance products and automotive repair and maintenance. Its e-commerce technology and strategy are designed to disrupt the industry by leveraging its selection of owned inventories and physical logistics networks. The Company seeks to provide customers with both online and in person services. Its physical logistics network enables it to provide convenient free delivery points for customers and provide services throughout the entire ownership life cycle. The Company uses digital technologies to lower its customer acquisition costs and achieve operational efficiencies.
LMP AUTOMOTIVE HOLDINGS, INC. 
