Lithia & Driveway Expands Presence in California with Acquisition of Elk Grove Subaru
Medford, Oregon – March 4, 2025 – Lithia & Driveway, Inc. (NYSE: LAD), a leading automotive retailer, announced today the acquisition of Elk Grove Subaru in Elk Grove, California. This strategic move adds another dealership to Lithia & Driveway’s network in the Sacramento area and reinforces its commitment to expanding its presence in the Southwest region.
A New Addition to the Sacramento Area
Elk Grove Subaru, a well-established dealership, will join Lithia & Driveway’s existing network of dealerships, bringing with it a team of experienced professionals and a strong customer base. This acquisition will allow Lithia & Driveway to better serve the automotive needs of the Sacramento community, providing them with a wider selection of new and used vehicles, as well as financing and maintenance services.
Strengthening Presence in the Southwest Region
With the addition of Elk Grove Subaru, Lithia & Driveway will now operate a total of 18 dealerships in the Southwest region. This expansion not only increases the company’s market share but also allows it to provide more comprehensive coverage to its customers. By strategically placing dealerships in key areas, Lithia & Driveway aims to make the car buying and servicing experience more convenient for customers in the Southwest.
Impact on Customers
For customers in the Elk Grove area, this acquisition brings several benefits. They will now have access to a larger selection of new and used vehicles, as well as financing and maintenance services through Lithia & Driveway’s extensive network. Additionally, the company’s commitment to customer satisfaction and its reputation for exceptional service will continue at Elk Grove Subaru.
- Expanded vehicle selection
- Financing and maintenance services
- Exceptional customer service
Impact on the World
The automotive industry is a significant contributor to the global economy, and Lithia & Driveway’s expansion is a testament to its continued growth. By adding another dealership to its network, the company is creating jobs, generating revenue, and contributing to the local economy in Elk Grove and the Sacramento area. Furthermore, this acquisition demonstrates the ongoing trend of consolidation in the automotive retail industry, as larger players continue to expand their reach.
In addition, Lithia & Driveway’s commitment to innovation and customer-centricity sets it apart from competitors. The company’s use of technology to enhance the car buying experience, such as its mobile app and online vehicle inventory, is a welcome development for consumers looking for a more convenient and efficient way to purchase a vehicle.
Conclusion
The acquisition of Elk Grove Subaru by Lithia & Driveway is a strategic move that strengthens the company’s presence in the Southwest region and adds to its network of dealerships in the Sacramento area. This expansion brings benefits to both customers and the local economy, and demonstrates the ongoing trend of consolidation in the automotive retail industry. With a commitment to customer satisfaction and innovation, Lithia & Driveway continues to set itself apart as a leader in the industry.
As a customer, you can look forward to a more convenient and comprehensive automotive experience, with a wider selection of vehicles and services. The world, meanwhile, can expect continued growth and innovation in the automotive industry, as companies like Lithia & Driveway continue to expand and adapt to the changing needs of consumers.
