Lithia Motors has acquired the “iconic” Porsche Beverly Hills and Audi Santa Monica, marking its 12th and 13th acquisitions of 2025 and adding $450 in projected revenue. +
Each of America’s six largest publicly traded dealer group say gross profit per new vehicle retailed declined on a year-over-year basis in the third quarter, some by double digits. +
Lithia Motors has acquired Anaheim Hyundai, Huntington Beach Hyundai and Garden Grove Hyundai, all located in Southern California’s Orange County, from Nouri/Shaver Automotive Group. +
Lithia has expanded its footprint in the Southeast with a series of dealership purchases over the past several weeks, adding a total of four franchised stores in Florida and Georgia. +
Automotive News has released its latest annual list of the U.S. auto groups producing the most F&I revenue per vehicle and by rooftop, including the biggest risers and fallers from 2024. +
Lithia Motors has acquired Mercedes-Benz of Jackson (Miss.) and Mercedes-Benz of Collier (Tenn.) from the Higginbotham family in a deal brokered by the Presidio Group. +
Florida’s Atlantic Coast Automotive Group has acquired all three of Lithia Motors’ West Virginia stores, entering a sixth state in a move described as a “key strategic divestiture” by the broker. +
The “Big 6” publicly traded U.S. auto dealer groups are growing in size, sales and profitability as they hold onto the top positions in Automotive News’s annual ranking of the Top 150 Dealership Groups. +
Executives at Lithia Motors and Sonic Automotive tell WardsAuto’s Jim Henry they are not satisfied with the gains in service and parts revenue they and their competitors reported in the fourth quarter. +
