TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


Lithia Motors

AutoNation dropped its bid to acquire the U.K.-based Pendragon, shortly after Lithia Motors' decision to raise its original offer.

AutoNation exits bidding war for UK’s Pendragon

- October 18, 2023
AutoNation on Tuesday rescinded its offer to purchase U.K.-based automotive retailer Pendragon, roughly three weeks after joining a bidding war composed of America's largest dealership groups. In late September, AutoNation submitted...
Articles Headlines
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

- September 27, 2023
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 war between the top U.S. dealership...
Articles Headlines
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

- September 19, 2023
On Monday, September 18, Lithia Motors announced that it intends to enter a strategic partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc,...
Articles Headlines
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 Dakota stores

- August 22, 2023
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 U.S., which include the following transactions: Group...
Daily Automotive News Articles
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, Honda stores

- August 8, 2023
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 transactions: Lithia Motors Buys Wade Ford In mid-July,...
Articles Daily Automotive News
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

- July 18, 2023
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 excitement surrounding notable deals that unfolded...
Daily Automotive News Articles
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

- June 15, 2023
On June 13, Lithia and Driveway announced its plans to grow its dealership footprint with the purchase of 13 locations from the Priority Automotive Group in Virginia, which expands its...
Headlines Articles
Weekly roundup: auto sales forecast and more

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

- February 24, 2023
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 2022, used electric vehicles values declined,...
Daily Automotive News Articles
downgraded

AutoNation stock downgraded by JPMorgan after sales take a hit in 2022

- February 22, 2023
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 reactions over AutoNation's quarterly and full...
Articles Headlines
Lithia Motors CEO

Lithia Motors beats AutoNation to become top selling dealership group in 2022

- February 21, 2023
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 68,159 new vehicle sales, a 5.2%...
Articles Headlines

Latest Articles
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Legal battles reshape car sales
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California’s War on Classic Cars Just Hit a Wall—Thanks to Jay Leno
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CBT News
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