Describing the store as an example of Lithia’s strategy of acquiring “a strong brand with considerable earnings potential,” Lithia Motors has added Hazleton Honda in Hazleton, Pa., to its network.
Lithia anticipates that the dealership will generate annual revenue of about $50 million.
With the acquisition, Lithia extends its store network into eastern Pennsylvania.
The company said it is on pace for “another solid year of acquisition growth.”
“The acquisition market remains robust as we expand beyond our current national reach of 82%,” Lithia Motors president and chief executive officer Bryan DeBoer said in a news release. “New digital solutions and future business adjacencies will further activate our network by providing comprehensive solutions that our customers crave.”
DeBoer added that his company welcomed the existing team at Hazleton Honda, “and their expertise to expand our customer offerings and market share.”
“Located between our store groupings in Western Pennsylvania and the Tri-State area, this location is strategically positioned to provide customers with experiences wherever, whenever, and however they desire,” DeBoer said.