LithiaMotors

Lithia Motors, Hendrick Car lift dealerships; Neighborhood 1 sells store

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Honda and Stellantis dealerships traded fingers in third- and fourth-quarter transactions that eager Lithia Motors, Hendrick Car and Neighborhood 1 Car.

January 03, 2023 10:forty five AM

Hendrick Car Neighborhood of Charlotte, N.C., expanded its Honda dealership rely to 18 when it purchased LeJeune Honda Autos in Jacksonville, N.C., in partnership with Susan Stevenson.

Three of the nation’s largest dealership groups — Lithia Motors Inc., Hendrick Car Neighborhood and Neighborhood 1 Car Inc. — comprise been concerned about third- and fourth-quarter dealership transactions.

Right here’s a stare upon the gives difficult home and import dealerships and shops in Kentucky, North Carolina and Massachusetts.

Three transactions eager a team ranked on Car Files’ top dealership groups list.

Lithia enters Kentucky

Lithia Motors Inc., contemporary off of acquisitions in Texas and Colorado, entered Kentucky for the most most well-known time with the December rob of a Stellantis store.

Lithia on Dec. 7 purchased Glenn’s Freedom Chrysler-Dodge-Jeep-Ram in Lexington, southeast of Louisville. The vendor’s recordsdata became as soon as now not straight away on hand.

The dealership’s name remains, Lithia said.

Lithia said the acquisition is anticipated so that you just would possibly add $140 million in annual income.

Furthermore in December, Lithia re-entered Colorado with the rob of Ferrari of Denver, which sells extra ultraluxury and exotic brands. In November, Lithia purchased a Stellantis store in Fortress Worth, Texas.

Lithia, of Medford, Ore., ranks No. 2 on Car Files’ list of the tip 150 dealership groups basically based fully within the U.S., retailing 260,738 unique vehicles in 2021. Thru the third quarter of 2022, Lithia is monitoring sooner than No. 1 AutoNation for unique-automobile gross sales in 2022.

Hendrick Car and companion add Honda store

Hendrick Car Neighborhood of Charlotte, N.C., expanded its Honda dealership rely to 18 when it purchased LeJeune Honda Autos in Jacksonville, N.C., in partnership with Susan Stevenson.

Hendrick said the team and Stevenson purchased the dealership on Dec. 1 from Stevenson’s brother-in-law, Jerry Stevenson. They renamed the store Stevenson-Hendrick Honda Jacksonville, according to a Dec. 2 Hendrick weblog post. Jacksonville is east of Charlotte and north of Wilmington.

A Hendrick Car spokesman educated Car Files that the acquisition marked the team’s first in 2022.

Hendrick said the extra than forty eight,500-square-foot dealership sits on 7.4 acres and involves 28 provider bays.

“Susan is a gargantuan friend and industry companion and this dealership is a ideal fit for our company,” Rick Hendrick, chairman of Hendrick Car, said in a press start. “Jerry in truth cares for his of us and has carried out a substantial job of making a culture of provider, which we can proceed and originate on.”

This is the fourth auto dealership that Hendrick and Susan Stevenson comprise partnered on. Others are Honda and Mazda dealerships in Wilmington and a Toyota dealership in Jacksonville, N.C.

Hendrick ranks No. 6 on Car Files’ list of the tip 150 dealership groups basically based fully within the U.S., retailing 103,949 unique vehicles in 2021.

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