Lithia & Driveway Completes Successful Sale of Carson Nissan
Performance Brokerage Services is pleased to announce the sale of Carson Nissan from Lithia & Driveway (NYSE: LAD) to David Massoudi of Mass Auto Group. This transaction showcases Performance Brokerage Services' leadership in dealership buy-sell activities.
A Remarkable Deal in the Automotive Sector
Lithia & Driveway, known for its exceptional dealership operations, continues to prove its prowess in the automotive industry. The recent sale of Carson Nissan marks another achievement for this dynamic company. Lithia & Driveway, which originated in 1946 from a single dealership, has evolved into a major player in the market.
David Massoudi, the President of Mass Auto Group, has expressed gratitude for the cooperation and professionalism demonstrated by Performance Brokerage Services during this transaction. "With over six dealerships across Southern California, we are pleased to expand our portfolio with Carson Nissan. Honesty and integrity are at the core of our business practices, and we found these qualities prevalent in our dealings with Performance Brokerage Services," he stated.
The Expertise of Performance Brokerage Services
Strategically guiding this transaction was Jason Stopnitzky, Co-Founder of Performance Brokerage Services. His expertise and dedication have made a significant impact, ensuring a smooth transaction process that benefits all involved parties.
Jason remarked, "Our collaboration with Lithia has been fruitful over the years. This latest transaction marks the second one we've completed together in 2024. Each deal strengthens our relationship and our commitment to delivering superior value for our clients." With over 300 dealership sales in five years, Performance Brokerage Services solidifies its position as North America’s highest volume dealership brokerage firm.
The History of Lithia & Driveway
Lithia & Driveway began in Ashland, Oregon, with Walt DeBoer's humble Chrysler-Plymouth-Dodge dealership. Today, it is a third-generation family-operated business under the leadership of Bryan DeBoer, the CEO & President. The company proudly ranks #1 in the Automotive News Top 150 Dealership Groups based on new vehicle retail sales units.
Acknowledging Partnership and Future Goals
Matt Whitmer, Director of Network Development for Lithia & Driveway, praised Jason's attention to detail and dedication to keeping all parties informed throughout the sale processes. This positive feedback echoes the sentiments of many who have collaborated with Performance Brokerage Services, attesting to their commitment to excellence.
As Lithia & Driveway continues to define itself in the automotive landscape, it looks forward to forging new partnerships and evolving its operations in the coming years.
With Carson Nissan set to remain at its current location at 1505 East 223rd Street, the dealership is positioned to thrive under the new ownership.
About Performance Brokerage Services
Performance Brokerage Services specializes in dealership buy-sell activities across various trades including automotive, RV, and powersports. With a stellar reputation built upon integrity and a high closing rate of 90%, the company stands out as an industry leader.
Headquartered in Irvine, California, the firm involves a network of professionals including attorneys and accountants to ensure each transaction's success. Their approach is unique; offering complimentary estimates of value without upfront fees, focusing on client satisfaction.
Frequently Asked Questions
What companies were involved in the sale of Carson Nissan?
The sale involved Lithia & Driveway (NYSE: LAD) selling Carson Nissan to Mass Auto Group, represented by Performance Brokerage Services.
Who is Jason Stopnitzky?
Jason Stopnitzky is the Co-Founder of Performance Brokerage Services, known for overseeing dealership transactions with a focus on client satisfaction and efficient processes.
What does Lithia & Driveway specialize in?
Lithia & Driveway operates a wide range of automotive dealerships, offering numerous vehicle brands and services to its customers.
What is the strategic advantage of Performance Brokerage Services?
Performance Brokerage Services has a proven track record in the dealership brokerage industry, providing a network of resources and expertise to ensure successful transactions.
Where is Performance Brokerage Services located?
The firm is headquartered in Irvine, California, with additional offices throughout North America to serve clients effectively.
