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It is the third largest new vehicle automotive dealership group in the United States, below AutoNation and Penske Automotive Group. [8] As of May, 2024, Lithia operates 298 stores in the United States, 14 stores in Canada and 170 in the United Kingdom. [9] Lithia Motors employs approximately 21,150 people. [10]
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.
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. [7] [8]
Southeast Toyota Distributors LLC, (SET) founded in 1968, is the top private distributor of Toyota vehicles in the world. [4] [5] [6] They are franchised by Toyota Motor Sales, USA to sell vehicles and parts to car dealerships in the five states of Alabama, Florida, Georgia, South Carolina and North Carolina. [7]
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Lithia Motors has been profitable 10 over the past 10 years. Over the past twelve months, the company had a revenue of $14.7 billion and earnings of $23.07 a share.
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