It’s official: Lithia & Driveway is now a major player on the world stage.

The company, which operates some 450 locations in the U.S., Canada and the U.K., has made its first appearance in the Fortune Global 500, which the magazine calls “the definitive list of the world’s largest corporations.”

LAD made its debut at No. 434 on Fortune’s 2025 list, which is ranked by revenue for the 2024 fiscal year.

Lithia ranks 124th on the Fortune 500 list of U.S. companies, and is No. 1 in the list’s Automotive Retail category for the second year in a row.

“Our debut on the Fortune Global 500 list is a meaningful milestone for Lithia & Driveway and reflects the dedication of our nearly 30,000 team members worldwide,” president and CEO Bryan DeBoer said. “Our growth has been fueled by our unique ecosystem and expanding footprint, innovation in digital retail and delivery of exceptional experiences to meet customers wherever they are.

“As we continue to grow, we remain focused on innovation, a people-first culture and generating lasting value for all who rely on us.”

As DeBoer said, that growth is continuing. LAD also announced it has acquired three more dealerships in Florida: Palm Beach Acura, West Palm Beach Hyundai and West Palm Beach Genesis. The Dave Cantin Group, which advised on the deal, said the seller was Ed Napleton Automotive Group, which operates some 70 dealerships in seven states.

LAD said its new stores have the potential to be among the nation’s highest-volume dealerships.

“These high-opportunity stores expand our presence in the growing Southeast region, increasing the density of our omnichannel platform and improving the diversity of our brands,” DeBoer said. “We’re welcoming high-performing teams that will deepen customer relationships and accelerate growth across our ecosystem.

“These acquisitions reflect our continued focus on strategic growth powered by our disciplined approach to deploying capital and maximizing shareholder return.”

LAD said the acquisition, which was financed using existing on-balance sheet capacity, brings LAD’s total year-to-date expected annualized revenue acquired to $620 million.

Mitsubishi spotlights Lopez Automotive Group’s Laz Lopez

As part of its “Dealer Partner Spotlight” series, Mitsubishi Motors North America featured Lopez Automotive Group president Laz Lopez as a dealer who “goes above and beyond” for his community.

Lopez’s first interaction with Mitsubishi came at age 19, when he got a job detailing cars at a local Mitsubishi dealership. He purchased his first Mitsubishi dealership more than 20 years later, in 2020, and now operates three of the brand’s franchises — Vero Beach Mitsubishi in Vero Beach, Fla., Capital City Mitsubishi in Tallahassee, Fla., and Albany Mitsubishi in Albany, Ga.

Laz Lopez

Lopez said his engagement with the community and excitement about the future of the Mitsubishi brand has fueled the expansion of his business.

“Each community has responded very well to us making our home in their respective areas,” Lopez said. “We’ve embraced becoming their neighbors by sponsoring a baseball little league and a tennis club of 700 members, and we’ve participated in just about every festival they hold.

“People have responded very well, and we know that because, even though we have a small town here in Vero Beach, we are outselling most of the larger dealerships in the area.”

Lopez said his Tallahassee store rose from last place in the district to No. 1 in just two months.

“It’s crazy how fast that store has grown,” he said.

Lopez Automotive’s charitable and community outreach efforts include donations to St. Jude’s hospital, a raffle for a new Mitsubishi Outlander at St. Helen Church, and sponsoring a literacy club that helps immigrants learn to speak and write English, as well as helping them through the process of becoming U.S. citizens,

“We have a great rapport with them,” Lopez said. “I’m a big believer and big sponsor of the club because I think that should be a must for immigrants, to learn the language here.

“It’s education, and I’ve experienced the benefits personally. I had to learn to speak English because I emigrated from Cuba when I was 11 years old. I got a high school degree, and I got into the car business right out of high school, so I know how valuable it is to learn the local language spoken wherever you go. We are so proud to be able to help those in need in our area.”

Lopez said his decision to expand into Tallahassee last year was driven by his enthusiasm for what’s ahead for Mitsubishi.

“We were at one of the meetings where all the dealers meet with MMNA’s CEO near their headquarters in Tennessee,” he recalled, “and they were talking about the Momentum 2030 business plan, which will soon be launching a new battery-electric Mitsubishi coming in 2026, and that just excited me.

“I was so pumped up by seeing what kind of changes are going to be coming to the cars I sell, and I believe in it, so I bought the third store. And now that I’m seeing it’s coming very soon, I’m even more excited about it, and that further drives my belief in the brand.”