Lithia Motors

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

Retrieved on: 
Tuesday, July 6, 2021
Lithia Motors, Customer experience, Lithia, Customer value proposition, Draft:Driveway.com

"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
Companies, Lithia Motors, Engines, Economy of Japan, Toyota Group, Toyota, Lithia, Medford, Oregon

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
Professional services, Retail, Automotive, General Automotive, Specialty, Finance, Consulting, Kerrigan, Lithia Motors, Lithia

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.

The Presidio Group Advises on the Sale of Fink Automotive Group

Retrieved on: 
Tuesday, March 2, 2021
Professional services, Marketing, Communications, Automotive, General Automotive, Finance, United States securities law, California, States of the United States, Lithia Motors, Lithia, Presidio of San Francisco, Financial Industry Regulatory Authority, San Francisco Bay Area, Securities Investor Protection Corporation, Presidio

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
Aftermarket, Marketing, Automotive, Specialty, Communications, Online Retail, General Automotive, Retail, Lithia Motors, Lithia, American culture

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
General Automotive, Retail, Specialty, Automotive, Lithia Motors, Lithia, American culture

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
Automotive, General Automotive, Lithia Motors, Lithia, Equity securities, New York Stock Exchange, Corporate governance, Common stock, Financial markets, Companies, Articles

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
Finance, Automotive, General Automotive, Consulting, Marketing, Advertising, Communications, Professional services, Fleet management, Auburn Hills, Michigan, Stellantis, Automotive industry, Companies, Economy of the United States, Lithia Motors, Dodge, Lithia, Chrysler, Jeep

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 Acquires $100 million in Revenue, Expanding Presence in North Central Region

Retrieved on: 
Tuesday, December 1, 2020
Automotive, General Automotive, Lithia Motors, Automotive industry, Engines, Subaru, Lithia, Mazda, Motor vehicles

This purchase further increases Lithias footprint in the North Central Region of the United States.

Key Points: 
  • This purchase further increases Lithias footprint in the North Central Region of the United States.
  • We are delighted to add another high-performing store to serve our customers in the North Central Region, said Bryan DeBoer, Lithia Motors and Driveways President and CEO.
  • This acquisition improves our brand mix and ability to complete in-home and in-network solutions throughout their entire vehicle ownership lifecycle.
  • In addition to expanding Lithias network, Ramsey Subaru & Mazda also strengthens its corporate responsibility initiativesparticularly in community enrichment.

Kerrigan Advisors Represents Sterling Motorcars in Sale to Lithia Motors

Retrieved on: 
Wednesday, November 18, 2020
Automotive, Finance, General Automotive, Consulting, Banking, Accounting, Specialty, Professional services, Retail, Fleet management, Kerrigan, Rolls-Royce, Lithia Motors, Sterling, Rolls-Royce Motor Cars, Lithia, Automotive industry, Motor vehicles, Cars

Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Northern Virginia-based Sterling Motorcars on its sale of five luxury franchises to Medford, Oregon-based Lithia Motors, Inc. (NYSE: LAD).

Key Points: 
  • Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Northern Virginia-based Sterling Motorcars on its sale of five luxury franchises to Medford, Oregon-based Lithia Motors, Inc. (NYSE: LAD).
  • Sterling Motorcars, which is comprised of BMW of Sterling, MINI of Sterling, Rolls-Royce Motor Cars Sterling, Lamborghini Sterling and McLaren Sterling, was sold by Thomas and Joyce Moorehead.
  • Thomas and Joyce Moorehead are exceptional entrepreneurs who built Sterling Motorcars from the ground up, into a brand synonymous with top luxury and premium service, 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.