Tag: Lithia Motors
Lithia Motors buys Carousel Motor Group in 9-store deal
The Pohlad family has decided to part ways with Carousel Motor Group, a company it founded 15 years ago. Lithia Motors will scoop up...
Lithia Motors drives towards $50 billion revenue goal, achieves record-breaking Q4
Lithia Motors (LAD) recently revealed a record-breaking revenue of over $31 billion for the year, with $7.7 billion achieved in the fourth quarter alone,...
Dealer groups show resilience in Q3 despite profitability pressures
Dealership groups across the U.S. broke multiple performance records in the third quarter, highlighting retail automotive's unanticipated resilience in the post-pandemic era.
Lithia & Driveway...
AutoNation exits bidding war for UK’s Pendragon
AutoNation on Tuesday rescinded its offer to purchase U.K.-based automotive retailer Pendragon, roughly three weeks after joining a bidding war composed of America's largest...
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...
