Lithia & Driveway Expands Fla. Retail Network

Sep. 10, 2024 | |

Lithia & Driveway acquired Acura, Honda and Subaru stores in Jacksonville and Gainesville, Fla., from Duval Motor Company, marking L&D’s expansion into the North Florida market.

The three rooftops are expected to add more than $200 million per year in annual revenue, according to a release announcing the transactions, pushing year-to-date projected revenues to $5.9 billion.

“We are excited to grow our footprint and enter new Florida markets with the addition of the Duval teams to the Lithia & Driveway family,” said Lithia & Driveway President and CEO Bryan DeBoer. “These award-winning dealerships bring a strong legacy of customer service and community engagement, aligning perfectly with our growth strategy. This acquisition enhances our presence in key markets, reinforcing our commitment to providing exceptional retail experiences wherever, whenever, and however customers desire.”

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