Lithia & Driveway has acquired Stivers Decatur Subaru in Atlanta, enhancing its market presence and expected to generate $100 million in annualized revenue.

Target Information

Lithia & Driveway (NYSE: LAD) has recently acquired Stivers Decatur Subaru, a prominent dealership located in the Atlanta market. This acquisition is part of Lithia's strategic plan to enhance its retail network density in the Southeast region of the United States. Stivers Decatur Subaru is expected to contribute approximately $100 million in annualized revenue to Lithia's portfolio, further solidifying its position in the competitive automotive landscape.

The incorporation of Stivers Decatur Subaru is a pivotal step for Lithia, as it not only expands their import vehicle offerings but also connects them with an established and loyal customer base from the Subaru brand. This move aligns with Lithia’s commitment to providing exceptional lifetime ownership experiences, enhancing customer satisfaction and retention in the long term.

Industry Overview

The automotive industry in the United States, particularly in the Southeast region, is experiencing significant growth. The region is characterized by a rapidly expanding population and increasing de