Lithia adds 2 new stores to lineup out West
Headquarters of Medford, Ore.-based Lithia Motors.
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MEDFORD, Ore. –
Lithia Motors added two stores in the Western U.S. to its lineup this week.
The dealer group, one of the largest in the country, has purchased Crown Chrysler Jeep Dodge Ram Fiat in Concord Calif., and Bennett Motors, located in Great Fall, Mont.
The company expects the two new acquisitions to bring in an estimated $75 million in annual revenues.
The stores will be renamed Lithia Chrysler Jeep Dodge Ram Fiat of Concord and Lithia Subaru Hyundai GMC Buick of Great Falls, the company shared.
Bryan DeBoer, Lithia president and chief executive officer, said, "We are pleased to expand our presence in the Bay Area of California and in the state of Montana. Both locations are markets that have complementary Lithia operations and allow us to leverage scale in the community. We look forward to expanding our customer relationships as we increase our presence in the local communities we serve."
The company has been busy this year, as it added another store in Montana just this past August: Bitterroot Ford.
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The store, located in Missoula, Mont., will be renamed Lithia Ford of Missoula. Lithia expects the store to add $50 million in annual revenues to the group’s portfolio.
