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AutoNation has joined other top U.S. dealership groups in a bidding war for Pendragon, the U.K.'s second largest auto retailer.

AutoNation starts bidding war for U.K.’s Pendragon

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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 announced that it intends to enter a strategic partnership with Pinewood Technologies and acquire divisions of Pendragon plc.

Lithia Motors acquires more U.K.-based dealerships, enters new DMS partnership

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On Monday, September 18, Lithia Motors announced that it intends to enter a strategic partnership with Pinewood Technologies and acquire the UK motor and...
M&A activity has remained strong over the past few weeks, with Group 1 Automotive and other dealer groups making notable buy/sell deals.

Group 1 offloads 4 dealerships, Lithia Motors sells last remaining North...

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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...
M&A activity continued to flourish in July, with Lithia Motors and other auto groups making notable purchases throughout the U.S.

Ken Garff scoops up 7 Hawaiian dealerships, Lithia Motors purchases Ford,...

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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...
Get ready to explore the dynamics of key industry players as they forge strategic partnerships and accelerate the growth and success of their dealerships.

Lithia sells 3 dealerships, Young Auto Group expands into Montana

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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...
On June 13, Lithia grew its portfolio in a significant way by announcing the purchase of 13 locations from the Priority Automotive Group.

Lithia expands footprint with acquisition of 13 Priority Automotive stores

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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: auto sales forecast and more

Weekly Roundup: February U.S. auto sales forecast, Tesla FSD recall

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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...
downgraded

AutoNation stock downgraded by JPMorgan after sales take a hit in...

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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 CEO

Lithia Motors beats AutoNation to become top selling dealership group in...

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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...
mergers and acquisitions

Dealership mergers and acquisitions keep going strong in July

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