Lithia & Driveway has acquired Porsche Beverly Hills and Audi Santa Monica, enhancing its luxury vehicle portfolio and expected to generate $450 million in annual revenue.

Target Information

Lithia & Driveway (NYSE: LAD) has recently acquired two prestigious luxury automotive dealerships: Porsche Beverly Hills and Audi Santa Monica. These establishments are expected to generate approximately $450 million in annualized revenue. Given their locations and brand prestige, these dealerships have the potential to rank among the highest volume performers globally within their respective brands.

With this strategic acquisition, Lithia & Driveway aims to enhance its luxury vehicle offerings and expand its market presence in one of the most renowned luxury automotive markets in the world. These additions not only strengthen Lithia’s portfolio but also align with its overall growth strategy focused on high-quality, high-revenue assets.

Industry Overview in the Target’s Specific Country

The luxury automotive market in the United States remains robust, characterized by strong consumer demand for high-end vehicles. As the economy continues to recover and disposable incomes increase, consumers are i