Stay updated with breaking news from Davidt fischer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lithia acquires The Suburban Collection Photo courtesy of Lithia Motors & Driveway Tuesday, Apr. 13, 2021, 01:43 PM By Auto Remarketing Staff CARY, N.C. - In what the retailer says is one of the largest purchases ever in terms of franchise count, Lithia Motors & Driveway announced Tuesday that it has purchased The Suburban Collection. The Troy, Mich.-headquartered Suburban Collection includes 56 franchises, with 33 brands across 34 locations. It is also Lithia s first major entry into the North Central region. Lithia anticipates the purchase will add $2.4 billion in annualized revenues, bringing its total expected annualized revenues acquired to $6.5 billion since it announced a five-year plan nine months ago. ....
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. The sale that closed Monday to one of the biggest dealership groups in the country is one of the largest franchise transactions in auto retail at a time of increasing merger-and-acquisition activity in the industry. Details of the sale were not disclosed. Under Lithia, Suburban dealerships will continue to be the Suburban Collection, but customers will have access to Lithia s growing Midwest footprint, including service locations, parts availability and choices in new and used vehicles. ....
Lithia Motors (LAD) Adds $2.4 Billion in Annualized Revenue with Addition of The Suburban Collection, a Major Platform in Key North Central Region streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Lithia Motors & Driveway (LAD) Adds $2.4 Billion in Annualized Revenue with Addition of The Suburban Collection, a Major Platform in Key North Central Region prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Lithia Motors & Driveway (LAD) Adds $2.4 Billion in Annualized Revenue with Addition of The Suburban Collection, a Major Platform in Key North Central Region prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.