Lithia Motors Welcomes Hamilton Honda, New Jersey to the Lithia Network
May 14 2019 - 7:00AM
Business Wire
Lithia Motors, Inc. (NYSE: LAD) announced today the addition of
Hamilton Honda in Hamilton Township, New Jersey. The team joins
Lithia’s nationwide family of stores and expands the reach of
Lithia’s network in New Jersey and toward Eastern Pennsylvania.
Hamilton Honda is the most recent example of Lithia’s proven
success strategy of acquiring strong stores that are
underperforming relative to their potential. In 2018, the store
generated $160 million in revenue, and was ranked 23rd in the
nation and 8th in the New York Metro market among all Honda
stores.
“We’re excited to welcome the Hamilton Honda team. They built
strong market share with a very customer focused strategy,” said
Bryan DeBoer, Lithia Motors, Inc. President and CEO. He added,
“We’re eager to help them translate that share into increased
profitability through leveraging our internal performance
data.”
“The environment for purchasing dealerships is active,” remarked
DeBoer. “We will continue to seek strategic acquisitions where
performance management, digital innovation and our passion to serve
consumers wherever, whenever and however they desire increases the
market share of the store.”
About Lithia
Lithia Motors, Inc. is one of the largest providers of personal
transportation solutions in the United States and is among the
fastest-growing companies in the Fortune 500 (#294-2018). Consumers
can buy, sell and service vehicles digitally or through our 183
nationwide locations. Our mission, Growth Powered by People drives
us to grow and serve our customers wherever, whenever, and however
they choose.
Sites:www.lithia.comwww.lithiainvestorrelations.comwww.lithiacareers.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190514005295/en/
Megan KurzDirector, Corporate FinanceLithia Motors, Inc.(541)
864-1729
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