Lithia acquires Acura store in Hawaii
Artist rendering of the new showroom for Acura of Honolulu, which Lithia Motors acquired on Tuesday. (Courtesy of Acura of Honolulu Facebook page)
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MEDFORD, Ore. –
Lithia Motors is again saying “aloha” to potential customers in Hawaii by adding a fourth store within the state to the dealer group’s portfolio.
On Tuesday, Lithia announced it acquired Acura of Honolulu, a dealership the company indicated will add $50 million in estimated annual revenues.
Back in March, Acura of Honolulu moved into a new showroom and service facility on North Nimitz Highway.
“We are pleased to be growing in Hawaii,” Lithia president and chief executive officer Bryan DeBoer said. “This is our fourth store in the state and the only Acura store on Oahu, an island with a population of nearly a million people.
“This is our second Honda / Acura store in the market, and along with Island Honda of Maui will strengthen our presence in the market,” DeBoer added.
