Lithia Expands Into Wisconsin
Five-dealership purchase expands its Midwest presence.
Purchase adds two Honda dealerships, a Toyota store, and Chrysler-Dodge-Jeep-Ram and Subaru dealerships
Getty Images: Fahroni
Lithia Motors, a top U.S. auto dealership group, added Wisconsin to its territory with the purchase of five dealerships from Wilde Automotive Group of Wisconsin.
The deal adds a Honda dealership in state capital Madison; a Toyota store in West Allis; and Chrysler-Dodge-Jeep-Ram, Subaru and Honda dealerships in Waukesha. Lithia said the purchases should bring $625 million in annual revenue.
Meanwhile, Lithia is also selling dealerships, saying it plans to divest stores this year representing the same amount of annual revenue as the Wilde Automotive acquisitions will bring.
In the Midwest, Lithia also has a presence in Iowa and Michigan.
More Showroom
California Sees Quarterly Gains
California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Year-to-Date Auto Sales Holding Their Own
A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.
Read More →
Slow to Robo
Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.
Read More →
Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →