Lithia & Driveway Sees Significant Growth in Southwest Region
Lithia & Driveway (NYSE: LAD) has recently announced noteworthy accomplishments that emphasize its ongoing expansion and dedication to excellence within its dealership network. The company's acquisition of three Hyundai dealerships in Orange County marks a major milestone in its growth trajectory. By acquiring Anaheim Hyundai, Huntington Beach Hyundai, and Garden Grove Hyundai, Lithia & Driveway strengthens its presence in Southern California shouldering around $440 million in annual revenue.
Enhancing Customer Experience Through Strategic Acquisitions
With these strategic additions, Lithia & Driveway aims to diversify its brand offerings and create an ecosystem that attracts a multitude of new customers. "These highly profitable acquisitions strengthen our brand diversity and enhance our unique platform," stated Bryan DeBoer, President and CEO. The company sees this investment as not just an expansion but a commitment to delivering an exceptional ownership experience.
This acquisition also expands Lithia & Driveway's electrification strategy in California. With Hyundai's latest electric vehicle (EV) and hybrid options, customers will have access to a wider range of vehicles that meet their evolving preferences. During the third quarter, battery electric vehicles (BEVs) comprised 10% of the company’s new retail sales, illustrating a growth from the previous quarters. This increase aligns with the shift towards more sustainable vehicle options, aided by initiatives from Lithia & Driveway's digital sustainability platform.
Acknowledgment for Workplace Excellence in Canada
In addition to its expansion achievements, Lithia & Driveway's commitment to creating a positive work environment has been officially recognized. Eight of its Canadian dealerships were selected as part of the coveted list for the 2025 Best Dealerships to Work For by Automotive News. This recognition highlights the emphasis the company places on fostering a vibrant workplace culture and ensuring employee satisfaction.
Celebrating Team Achievement and Growth
"The recognition of our Canadian dealerships speaks volumes about the exceptional culture our teams have cultivated," said Bryan DeBoer. The criteria for selection involve assessing overall workplace culture and employee satisfaction levels, and being included on this list reflects a commitment to excellence for both employees and customers alike. The dealerships recognized encompass a diverse range of brands, showcasing Lithia & Driveway's operational breadth across the automotive market.
Individual Dealerships Leading the Way
While the specific names of the recognized dealerships highlight Lithia & Driveway’s strong Canadian portfolio, the list exemplifies the advantages of working in an environment that prioritizes teamwork, innovation, and excellent customer care. Employees at these locations exemplify what it means to deliver a fantastic dealer experience.
Invitation to Join Lithia & Driveway
For those who are interested in career opportunities with Lithia & Driveway, more information can be found on their career platform. The company emphasizes an inclusive environment with numerous benefits designed to make it a great place to work.
About Lithia & Driveway
Lithia & Driveway (NYSE: LAD) stands as one of the largest automotive retailers globally, specializing in a comprehensive range of services spanning the vehicle ownership lifecycle. The company prioritizes creating simple, straightforward, and transparent experiences through an extensive network of physical locations, e-commerce, and finance solutions. The focus on consumer needs drives Lithia & Driveway's vision to modernize personal transportation solutions with convenient access wherever and whenever customers desire.
Frequently Asked Questions
What recent expansions has Lithia & Driveway announced?
Lithia & Driveway has recently expanded its network with the acquisition of Hyundai dealerships in Orange County, significantly increasing its presence and revenue in Southern California.
What recognition did Lithia & Driveway receive in Canada?
The company’s Canadian dealerships have been named among the 2025 Best Dealerships to Work For by Automotive News, highlighting their exceptional workplace culture.
How does Lithia & Driveway support electric vehicle adoption?
Through strategic partnerships and a focus on expanding its electrified vehicle lineup, the company promotes sustainable driving choices while supporting customers throughout the ownership lifecycle.
What are the core services provided by Lithia & Driveway?
Lithia & Driveway offers a range of services including vehicle sales, finance solutions, and comprehensive support throughout the vehicle ownership journey.
How can potential employees learn about careers at Lithia & Driveway?
Interested individuals can visit the Lithia Careers website to explore job openings and understand the benefits of joining the team.
