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DBusiness Daily Update: Vaccination Required for September Mackinac Policy Conference, Spot Lite Detroit Art Gallery and Music Venue Opens in Villages Neighborhood, and More

DBusiness Daily Update: Vaccination Required for September Mackinac Policy Conference, Spot Lite Detroit Art Gallery and Music Venue Opens in Villages Neighborhood, and More
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Lithia Motors Inc (LAD) Q1 2021 Earnings Call Transcript

Good morning and welcome to the Lithia & Driveway First Quarter 2021 Conference Call. [Operator Instructions] I would like to turn the call over to Eric Pitt, Vice President of Investor Relations and Treasurer. Please begin. Eric Pitt Vice President, Investor Relations and Treasurer Thank you and welcome to the Lithia & Driveway first quarter 2021 earnings call. Presenting today are Bryan DeBoer, President and CEO; Chris Holzshu, Executive Vice President and COO; and Tina Miller, Senior Vice President and CFO. Today s discussions may include statements about future events, financial projections, and expectations about the company s products, markets and growth. Such statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from the statements made. We disclose those risks and uncertainties we deem to be material in our filings with the Securities and Exchange Commission. We urge you to carefully consider these di

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Lithia Motors goes big in Michigan

Print With its purchase of Michigan s Suburban Collection last week, Lithia Motors Inc. adds a portfolio of nearly three dozen stores in the Upper Midwest, a previously untapped region for the Medford, Ore., company and key to its plans to blanket the country with dealerships. Also important to Lithia s strategy as it enters the region is Suburban CEO David Fischer Jr. s agreement to stay on board to run the 34 stores and 56 franchises acquired in the deal, which will add $2.4 billion in annual revenue to Lithia. It also makes the retailer the second-largest dealership group in the country going forward.

United statesDavid fischer jrBryan deboerLithia motors incSuburban collectionLithia motorsUpper midwestஒன்றுபட்டது மாநிலங்களில்டேவிட் பிஷ்ஷர் ஜூனியர்பிரையன் டெபோர்லித்தியா மோட்டார்கள் இன்க்புறநகர் சேகரிப்புலித்தியா மோட்டார்கள்மேல் மிட்வெஸ்ட்

Lithia acquires The Suburban Collection

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.

United statesDavidt fischerDavid fischer jrLos angelesBryan deboerAvondale nissanFields auto groupPresidio groupLithia motorsLand roverCollection holdingsFink automotive groupSuburban collectionNorth centralDavid fischerSuburban collection holdings

Lithia Motors acquires Troy-based Suburban Collection auto dealerships

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.

United statesDavidt fischerDavid fischer jrBryan deboerDavid fischerCollection holdingsLithia motors incLithia motorsTroy based suburban collectionSuburban collectionSuburban collection holdingsSuburban motorsஒன்றுபட்டது மாநிலங்களில்டேவிட் பிஷ்ஷர் ஜூனியர்பிரையன் டெபோர்டேவிட் பிஷ்ஷர்