Lithia Motors sells Stellantis and Honda dealers in September deal.

Lithia Motors Co., Ltd.which continues to swallow the dealerThe company sold one store in Northern California and another in Southern California this month as part of its “network optimization” plan, which included the acquisition of five stores in Wisconsin in September. did.

The Medford, Ore., auto retailer sold Eureka’s Lithia Chrysler-Dodge-Jeep-Ram-Fiat to Harper Motors on Sept. 14, a representative for Lithia confirmed.

The store name is Eureka Chrysler Dodge Jeep Ram Fiat. Eureka is about 100 miles south of the Oregon border.

Harper Motors also owns a Ford-Kia dealership and Honda and Toyota stores in Eureka, said Joe Ozog, president of Ozog Consulting Group in Scottsdale, Arizona.

The day after that sale, on September 15th, Lithia sold DCH Gardena Honda to David Wilson Automotive Group. Changed the dealer name to Gardena Honda. Gardena is south of Los Angeles.

Ozog said Jay Francis, an operating partner at several David Wilson Automotive dealerships, is an operating partner at Gardena Honda. Ozog said Francis owns a stake in the dealer, but did not disclose how much.

Ozog Consulting also represented Lithia in a Honda distributor transaction.

“We understand Lithia’s growth strategy and our expansion plans fit perfectly with theirs,” Wilson said in a statement.

Lithia has owned the dealership since 2014 as part of the Lithia purchase. DCH Auto Group Inc. in 2014confirmed by Ozog and Lithia.

According to its website, David Wilson Automotive currently has 17 dealers in California, Nevada and Arizona. The group also owns a Toyota dealer in Mexico.

David Wilson Automotive of Orange, Calif. car news‘ List of Top 150 Dealer Groups Based in the US, 50,425 new cars sold in 2021.

Both sales follow Lithia’s September 12 acquisition of Wilde Automotive Group in Wisconsin, Lithia confirmed.

https://ift.tt/ib129cO Lithia Motors sells Stellantis and Honda dealers in September deal.

The post Lithia Motors sells Stellantis and Honda dealers in September deal. appeared first on Autobala.com.


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