Lithia Motors is on the cusp of buying Jardine Motors Group in the UK, according to a report from Sky News.
Sky News, citing a source, reported the price to be around £300 million to £400 million ($361.6 million to $482.1 million).
Lithia didn't immediately respond to a request for comment on the report.
In January, Sky News reported Lithia was "within weeks of finalizing a deal to buy" Jardine Motors for around $371.4 million.
Jardine Motors, part of conglomerate Jardine Matheson Holdings, is Europe's 23rd-largest dealership group by annual revenue, according to Automotive News Europe's 2022 Guide to Europe's Biggest Dealers.
It has 45 new-vehicle franchise points in the UK. Jardine Motors' portfolio of 14 vehicle brands ranges from Mini and BMW to Ferrari, according to its website.