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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.
Plant Name Address Products Jefferson North Assembly: 2101 Conner Avenue. Detroit, Michigan 48215 : Jeep Grand Cherokee, Dodge Durango: Sterling Heights Assembly: 38111 Van Dyke.
Lithia Motors owns 290 dealerships in the United States as well as 40 in the United Kingdom and 14 in Canada. LIithia will report its fourth quarter results on Feb. 14.
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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.
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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.