Lithia & Driveway has acquired three dealerships in the Southeast region, enhancing its presence in the automotive retail market while achieving significant rankings on Fortune's lists.

Information on the Target

Lithia & Driveway (NYSE: LAD) is a leader in the automotive retail industry, recognized for its consistent growth and expansive network of dealerships across North America and the UK. Recently, the company achieved a notable milestone by securing position #124 on the Fortune 500 list and #434 on the Fortune Global 500 list, marking its first appearance among the world's largest companies by revenue. This acknowledgment reflects Lithia's commitment to innovation and exceptional customer experiences amidst its continuous journey toward leadership in the sector.

The company's operations are bolstered by the efforts of nearly 30,000 team members globally, as highlighted by President and CEO Bryan DeBoer. Lithia & Driveway's strategy revolves around modernizing the personal transportation experience and adapting to consumer needs through a robust ecosystem that integrates dealership networks, e-commerce, and enhanced service offerings.

Industry Overview in the Southeast Region

The automotive retail industry in the Southeastern United States is experiencing significant growth, driven by rising consumer demand for luxury and import vehicles. This region has become increasingly attractive for auto