Lithia & Driveway has acquired its first Ferrari dealership and spread its footprint into Colorado. The retailer said Tuesday it has purchased Ferrari of Denver, which is the only Ferrari store in the greater Rocky Mountains region.
The Presidio Group, known as an investment banking and dealership mergers and acquisition advisory firm, has seen a distinct uptick in its automotive retail services division that helps match dealership retail services companies with strategic capital to help the companies grow. Presidio managing director Keith Style, during an interview about the company’s dealership M&A market update report titled, Where the Rubber Meets the Road, believes .
This week’s update involving mergers and acquisitions of dealerships covers two unique parts of retailing luxury sedans and SUVs as well as big rigs to move goods.