Lithia Motors Inc. said Tuesday that it has acquired five dealerships in Texas that are expected to generate $350 million in annual revenue. The public auto retailer said it bought Southwest Kia Auto Group, which has five

Lithia Motors Inc. has added two more dealerships in the Los Angeles area, after buying eight dealerships in the market last fall. The public auto retailer said Tuesday it purchased Center BMW and Center Acura in Sherman

With its purchase of Michigan’s Suburban Collection last week, Lithia Motors Inc. adds a portfolio of nearly three dozen stores in the Upper Midwest, a previously untapped region for the Medford, Ore., company and key to its

Lithia is aiming to grow revenue to $50 billion by 2025, in large part through acquisitions. The company, which generated $13.1 billion in revenue in 2020, said it is on track to add dealerships this year totaling

In its quest to blanket the U.S. with dealerships, Lithia Motors is not ruling out acquiring large private — or public — dealership groups. Lithia, the third-largest public dealership group in the U.S., is on track to