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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 recallĀ 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...
Lithia Motors

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

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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...

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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...
Lithia

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

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Lithia Motors Inc. is preparing to close a deal to acquire The Suburban Collection. As first reported by CBT News, plans for the transaction...
Lithia Motors

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

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MEDFORD, Ore.--Lithia Motors & Driveway (NYSE: LAD) announced it has acquired five locations in Florida, all serving the greater Tampa market. The acquisition is...