Your #1 source for auto industry news and content

Home Tags Lithia Motors

Tag: Lithia Motors

mergers and acquisitions

Dealership mergers and acquisitions keep going strong in July

0
Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July...
Lithia Motors

Lithia Motors Q2 earnings miss estimates, used vehicle revenues increase 39%

0
Leading automotive retailer Lithia Motors reported its second-quarter earnings late last week, just missing the estimates from Zack's Investment Research. New vehicle revenue reached...
Suburban - George Karolis

What motivated The Suburban Collection to make the decision to sell...

0
As first reported by CBT News, Lithia Motors has acquired Michigan’s Suburban Collection. This transaction marks one of the largest dealership acquisitions in the past decade. Although details of the sale have not been disclosed, CBT News is providing insight from the deal with George Karolis, President of The Presidio Group, who advised The Suburban […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
Lithia

CBT News Update: Lithia completes transaction to acquire The Suburban Collection

0
Lithia Motors Inc. is preparing to close a deal to acquire The Suburban Collection. As first reported by CBT News, plans for the transaction were made public on January 30, 2021. The acquisition had been pending board and stakeholder approval since early in the year.  The transaction will mark one of the largest dealership acquisitions […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
Lithia Motors

Lithia Motors & Driveway (LAD) Adds $430 Million of Revenue in...

0
MEDFORD, Ore.–Lithia Motors & Driveway (NYSE: LAD) announced it has acquired five locations in Florida, all serving the greater Tampa market. The acquisition is expected to add $430 million in annualized revenue and includes Hyundai of New Port Richey, the largest-volume Hyundai location in the United States eight years in a row. With the addition […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159

Will the record breaking automotive M&A activity continue throughout 2021? –...

0
Automotive M&A deals have been very active over the last 12 months as major retailers expand their footprint into new markets. Lithia Motors has been one of the most aggressive retailers on the market, as the company recently acquired dealerships in the Southeast and Midwest regions of the country. We recently spoke with automotive buy/sell […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159

Lithia acquires two stores from Fields Auto Group

0
Lithia Motors has acquired two stores in Florida, expanding its presence in the Southeast Region. The growing retailer announced the transaction in a press release, saying it had reached a deal to acquire stores from Fields Auto Group. The transaction includes a Land Rover and Chrysler Jeep Dodge Ram location, both located in the greater […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159

Buy/sell expert Dave Cantin discusses the current state of industry consolidation...

0
Automotive M&A transactions have been extremely active even in the throes of a global pandemic. Lithia Motors has made major headlines as it continues to acquire robust dealership groups across the country. Recently, we spoke to 20-year automotive industry veteran Dave Cantin, CEO of Dave Cantin Group, about the growth of Lithia and the overwhelming strength […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
Keyes Automotive

Erin Kerrigan discusses representing Keyes Automotive Group with its monumental sale...

0
Lithia Motors is growing! They have now acquired nine Keyes Automotive Group dealerships, which is $1.4 billion in revenue for Lithia. This sale encompasses some of the highest volume auto dealerships in the U.S. and on today’s show we’re pleased to welcome Erin Kerrigan of Kerrigan Advisors, who represented Keyes Automotive Group in this transaction, […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159
Lithia

Lithia Motorspurchases remaining John Eagle dealerships

0
Last month, Lithia Motors announced it had purchased four John Eagle dealerships including John Eagle Honda of Dallas, Honda Cars of Rockwall, Howdy Honda of Austin, and John Eagle Sports City Toyota. That purchase was reportedly projected to “add $500 million in annualized revenues and bring Lithia’s network expansion to over $1 billion in revenue […]
To access this post, you must log in or purchase Monthly $17.95 or Yearly $159