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Lithia Motors, Inc. is an American nationwide automotive dealership group headquartered in Medford, Oregon. [7] It is the third largest new vehicle automotive dealership group in the United States , below AutoNation and Penske Automotive Group . [ 8 ]
In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
Apr. 13—Lithia Motors Inc. on Tuesday said it has acquired the Troy-based Suburban Collection dealerships, connecting its 56 franchises to one of the largest auto retail networks in the country.
Lithia Motor's (LAD) domestic footprint in Texas is set to be augmented by the acquisition of six Texas-based John Eagle dealerships.
AutoNation is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. [6] The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets.
Margins matter. The more Lithia Motors (NYS: LAD) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.