Lithia

Driveway Enhances Customer Shopping Experience with Affordability and AI Financing Guidance Features

Retrieved on: 
Tuesday, July 6, 2021

"Driveway's three new features promote transparency and address customer desires to better understand affordability," said Bryan Deboer, President and CEO at Lithia & Driveway (LAD).

Key Points: 
  • "Driveway's three new features promote transparency and address customer desires to better understand affordability," said Bryan Deboer, President and CEO at Lithia & Driveway (LAD).
  • "Financing is one of the most complex components of the vehicle buying process and these Driveway features allow the customer to solve for their financing needs quickly, easily and independently."
  • Driveway's shopping experience makes it easy for shoppers to navigate and find inventory based on monthly payment.
  • We have designed the Driveway experience to anticipate and address all customer needs," said George Hines, Chief Innovation and Technology Officer at Lithia & Driveway (LAD).

Lithia & Driveway (LAD) Adds Largest Toyota Store in Washington State

Retrieved on: 
Tuesday, June 29, 2021

MEDFORD, Ore., June 29, 2021 /PRNewswire/ --Lithia & Driveway (NYSE: LAD) today announced the acquisition of Michael's Toyota in Bellevue, Washington, expected to generate $235 million in annualized revenues.

Key Points: 
  • MEDFORD, Ore., June 29, 2021 /PRNewswire/ --Lithia & Driveway (NYSE: LAD) today announced the acquisition of Michael's Toyota in Bellevue, Washington, expected to generate $235 million in annualized revenues.
  • "This exceptional Toyota store doubles our presence and offerings in the largest automotive retail market in our northwest region," said Bryan DeBoer,President and CEO.
  • This Toyota location has historically been the largest volume dealer in the region and received numerous industry awards.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.

Kerrigan Advisors Represents Lithia Motors in Sale of Audi Valencia

Retrieved on: 
Tuesday, June 22, 2021

Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented Lithia Motors (NYSE: LAD) in the sale of Audi Valencia to Ghreiwati Auto Group, owner of Surf City Nissan and Corona Nissan of Southern California.

Key Points: 
  • Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented Lithia Motors (NYSE: LAD) in the sale of Audi Valencia to Ghreiwati Auto Group, owner of Surf City Nissan and Corona Nissan of Southern California.
  • We were proud to work with the quality team at Lithia Motors again, this time representing them in a sale of a valuable dealership, said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
  • Kerrigan Advisors also publishes The Kerrigan Index, the only monthly index tracking the seven publicly traded auto retail companies.
  • Kerrigan Advisors Managing Director Ryan Kerrigan is also a sought-after industry expert.

Lithia Motors & Driveway (LAD) Adds $2.4 Billion in Annualized Revenue with Addition of The Suburban Collection, a Major Platform in Key North Central Region

Retrieved on: 
Tuesday, April 13, 2021

b'MEDFORD, Ore., April 13, 2021 /PRNewswire/ -- Lithia Motors & Driveway (NYSE: LAD) todayannounced it has acquired The Suburban Collection, headquartered in Troy, Michigan.

Key Points: 
  • b'MEDFORD, Ore., April 13, 2021 /PRNewswire/ -- Lithia Motors & Driveway (NYSE: LAD) todayannounced it has acquired The Suburban Collection, headquartered in Troy, Michigan.
  • The acquisition is the first major platform in their North Central region and is expected to add $2.4 billion in annualized revenues.
  • We are pleased that David Fischer, Jr. will join our team leading and continuing to expand the Suburban Collection footprint in the North Central region.
  • "The franchise mix is perfectly suited for Lithia & Driveway\'s North Central region and provides a massive platform to build on."

The Presidio Group Advises on the Sale of Fink Automotive Group

Retrieved on: 
Tuesday, March 2, 2021

The Presidio Group LLC (Presidio), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Scott Fink, President of Fink Automotive Group, on the sale of seven new vehicle dealership franchises in the greater Tampa market to Lithia Motors, Inc. (Lithia) [NYSE: LAD].

Key Points: 
  • The Presidio Group LLC (Presidio), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Scott Fink, President of Fink Automotive Group, on the sale of seven new vehicle dealership franchises in the greater Tampa market to Lithia Motors, Inc. (Lithia) [NYSE: LAD].
  • The addition of Fink Automotive Group gives us a greatly expanded foothold in the key Southeast region.
  • The Presidio Group provided exclusive M&A advisory services to Fink Automotive Group through its wholly owned investment bank, Presidio Merchant Partners LLC.
  • Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC.

Lithia Motors & Driveway (LAD) Adds $430 Million of Revenue in Key Southeast Region

Retrieved on: 
Tuesday, March 2, 2021

Lithia Motors & Driveway (NYSE: LAD) announced it has acquired five locations in Florida, all serving the greater Tampa market.

Key Points: 
  • Lithia Motors & Driveway (NYSE: LAD) announced it has acquired five locations in Florida, all serving the greater Tampa market.
  • With the addition of the Fink Auto Group, LAD now has more than $1 billion in revenue in the key Southeast Region.
  • We are excited to welcome Scott Fink and his high-performing teams to the Lithia & Driveway family, said Bryan DeBoer, LADs President and CEO.
  • About Lithia Motors & Driveway:
    Lithia Motors & Driveway is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in the country.

Lithia Motors & Driveway (LAD) to Host Virtual Investor and Analyst Day

Retrieved on: 
Monday, March 1, 2021

Lithia Motors & Driveway (NYSE: LAD) today announced that it will host a virtual investor and analyst day on Wednesday, March 10, 2021.

Key Points: 
  • Lithia Motors & Driveway (NYSE: LAD) today announced that it will host a virtual investor and analyst day on Wednesday, March 10, 2021.
  • The event will feature presentations from Bryan DeBoer, President and CEO, along with George Hines, Chief Innovation and Technology Officer.
  • To access the live webcast, including audio, video and presentation slides, visit our web site at www.lithiainvestorrelations.com .
  • About Lithia Motors & Driveway:
    Lithia Motors & Driveway is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in the country.

LAD and Sidney DeBoer Complete B-Share Stock Conversion Nearly Five Years Ahead of Schedule

Retrieved on: 
Tuesday, February 23, 2021

Lithia Motors & Driveway (NYSE: LAD) today announced that nearly five years ahead of schedule, LAD and Sidney DeBoer have completed the conversion of Lithias Class B common stock into Class A common stock effective February 23, 2021.

Key Points: 
  • Lithia Motors & Driveway (NYSE: LAD) today announced that nearly five years ahead of schedule, LAD and Sidney DeBoer have completed the conversion of Lithias Class B common stock into Class A common stock effective February 23, 2021.
  • As a result, Lithia Motors & Driveway no longer have a dual-class structure and all outstanding shares have the same economic value and voting power.
  • This acceleration further demonstrates our steadfast commitment to a culture of high performance while maintaining a strong corporate governance profile.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.

Kerrigan Advisors Represents the Fields Auto Group in Sale of CJDR Sanford and Land Rover Orlando

Retrieved on: 
Tuesday, February 9, 2021

Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Fields Auto Group, one of the largest dealership groups in the US, on its sale of Land Rover Orlando and Chrysler Dodge Jeep Ram Sanford to Lithia Motors.

Key Points: 
  • Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Fields Auto Group, one of the largest dealership groups in the US, on its sale of Land Rover Orlando and Chrysler Dodge Jeep Ram Sanford to Lithia Motors.
  • It is also Kerrigan Advisors seventh multi-dealership transaction since Q1 2020, and sixth Florida dealership sale since December of 2019.
  • We were honored to represent Fields Auto Group in the sale of these valuable Florida stores, said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
  • Kerrigan Advisors transaction experience and knowledge of the Florida market was key to making this sale seamless and beneficial for all involved.

LAD Schedules Release of Fourth Quarter and Full Year 2020 Results

Retrieved on: 
Monday, January 25, 2021

Lithia Motors & Driveway (NYSE: LAD) announced its fourth quarter and full year 2020 earnings will be released before the market opens on Wednesday, February 3, 2021.

Key Points: 
  • Lithia Motors & Driveway (NYSE: LAD) announced its fourth quarter and full year 2020 earnings will be released before the market opens on Wednesday, February 3, 2021.
  • A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.
  • Lithia's omni-channel strategy will continue to pragmatically disrupt the industry by leveraging experienced teams, vast owned inventories, technology, and physical network.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.