Pendragon confirmed today that it had sold its Jaguar Land Rover dealership in Newport Beach, California.
The transaction is in line with the group’s strategy of disposing of its US motor businesses.
Pendragon is currently seeking to fill the vacant role of CEO, following the departure of Mark Herbert after just three months in the job.
Herbert joined the Pendragon board on 1 April when Trevor Finn left the business.
In September the company announced first half pre-tax losses of -£32.2m, a review of its Car Store business with the closure of 22 outlets.
It said at the time it was making “significant progress” towards making £100m from the sale.