Lithia Motors & Driveway continues its expansion path, this time adding more muscle in the Northeast.

The retailer announced Tuesday it has acquired Planet Honda in Union, N.J., a store expected to bring in $230 million in annual revenues.

“We are excited to welcome Bill Feinstein and his dedicated team to the Lithia and Driveway family,” Lithia president and chief executive Bryan DeBoer said in a news release.

“Adding one of the highest performing Honda stores in the country further strengthens our ability to serve communities throughout the New York and New Jersey metropolitan areas,” DeBoer said.

Since announcing a five-year plan 10 months ago, Lithia has now surpassed $6.7 billion in total expected annualized revenues acquired.

Earlier this month, Lithia announced it had purchased The Suburban Collection, a Troy, Mich.-headquartered group that includes 56 franchises, with 33 brands across 34 locations. It was also Lithia's first major entry into the North Central region.

“We continue our accelerated pace of acquisitions and are well ahead of our target of acquiring $4 billion in annualized revenues each year,” said DeBoer in this week’s release. “With the most robust and active pipeline in our history, we expect 2021 to be a banner year as we progress toward our five-year plan of $50 billion in revenue and $50 earnings per share.”