Lithia & Driveway has acquired Elk Grove Subaru in California, enhancing its retail network and expected annual revenue by $100 million.

Target Information

Lithia & Driveway (NYSE: LAD) has announced its acquisition of Elk Grove Subaru, located in Elk Grove, California. This strategic addition enhances Lithia’s growing portfolio in the Sacramento area, further consolidating its presence in the Southwest region of the United States. The inclusion of Elk Grove Subaru underscores Lithia's commitment to partnering with high-caliber franchises, with a focus on performance and customer loyalty.

The Elk Grove Subaru dealership is anticipated to generate an estimated annual revenue of $100 million, contributing to Lithia's broader financial growth. This follows Lithia's year-to-date acquisitions which have collectively amounted to an annualized revenue of $180 million, demonstrating strong momentum in its expansion strategy.

Industry Overview

The automotive retail industry in the United States, particularly in California, is characterized by intense competition and a significant shift towards digital and omnichannel retailing. The evolving consumer