Tag: Lithia Motors
AutoNation starts bidding war for U.K.’s Pendragon
AutoNation is now looking to purchase the U.K.-based Pendragon automotive group, offering the company $544 million on Tuesday.
The move has kicked off a bidding...
Lithia Motors acquires more U.K.-based dealerships, enters new DMS partnership
On Monday, September 18, Lithia Motors announced that it intends to enter a strategic partnership with Pinewood Technologies and acquire the UK motor and...
Group 1 offloads 4 dealerships, Lithia Motors sells last remaining North...
M&A activity has remained strong over the past few weeks, with Group 1 Automotive and other dealer groups making notable buy/sell deals throughout the...
Ken Garff scoops up 7 Hawaiian dealerships, Lithia Motors purchases Ford,...
M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S., which include the following...
Lithia sells 3 dealerships, Young Auto Group expands into Montana
The summer heat has ignited a wave of merger and acquisition (M&A) activity in the automotive industry. As the temperature rises, so does the...
Lithia expands footprint with acquisition of 13 Priority Automotive stores
On June 13, Lithia and Driveway announced its plans to grow its dealership footprint with the purchase of 13 locations from the Priority Automotive...
Weekly Roundup: February U.S. auto sales forecast, Tesla FSD recall
Weekly Roundup:
The National Highway Transportation and Safety Administration (NHTSA) mandated Tesla to recall 362,000 vehicles over Full Self-Driving beta software, Lithia Motors outsold AutoNation in...
AutoNation stock downgraded by JPMorgan after sales take a hit in...
JPMorgan Chase & Co. downgraded AutoNation's stock to "underweight" from "neutral" following a decrease in vehicle sales in 2022.
The downgrade echoes the industry's mixed...
Lithia Motors beats AutoNation to become top selling dealership group in...
Lithia Motors revealed it had sold 271,596 new vehicles in 2022, beating the nation's longtime frontrunner AutoNation by 40,000 units.
In Q4 alone, Lithia made...
Dealership mergers and acquisitions keep going strong in July
Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July...
