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. +
