Lithia Builds on California Store Count
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MEDFORD, Ore. –
Lithia Motors Inc. this week announced it has acquired a new Golden State store expected to boost annual revenues by $50 million.
Added to Lithia’s California lineup of Subaru shops is Diablo Subaru of Walnut Creek.
“We are excited to add another Subaru store to the Lithia family,” said Bryan DeBoer, president and chief executive officer of Lithia.
“This store has the potential to be one of the largest Subaru stores in the nation, and is one of the most desirable locations for a brand that is underserved in a familiar larger market area,” DeBoer continued.
“We believe it will generate synergies with our existing Subaru stores in Reno, Nev., and Fresno, Calif.,” he added.
“This brings our total number of Subaru stores to five, and we look forward to continuing our strong partnership with Subaru in the future.”
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