Lithia Motors Expands Southeast Presence with Acquisition of Palm Beach Acura, Hyundai, and Genesis Dealerships

Reuters

2025/09/09

Lithia Motors Expands Southeast Presence with Acquisition of Palm Beach Acura, Hyundai, and Genesis Dealerships

Lithia & Driveway $(LAD)$ has announced the acquisition of Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis, marking a strategic expansion in the Southeast region. These acquisitions are expected to increase the density and brand mix of luxury and import vehicles in the area, positioning them as potential high-volume stores. The move is part of Lithia & Driveway's broader strategy to enhance its omnichannel platform and diversify its brand offerings, while also supporting growth across its ecosystem. The acquisition adds expected annualized revenue of $620 million to Lithia & Driveway's portfolio, utilizing existing on-balance sheet capacity for financing. Bryan DeBoer, President and CEO, emphasized that these high-opportunity stores will deepen customer relationships and accelerate growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithia Motors Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF68758) on September 09, 2025, and is solely responsible for the information contained therein.

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ID: SF68758) on September 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ACUR","symbol_name":"阿库拉制药","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250909:nNDLb9kNSf:1","article_id":"2566469809","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566469809","pubTimestamp":1757410222,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Lithia & Driveway  has announced the acquisition of Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis, marking a strategic expansion in the Southeast region. 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