Lithia & Driveway Expands Presence in Mid-Atlantic Region with Acquisition of Stohlman Subaru
Medford, Oregon – In an exciting development for the automotive industry, Lithia & Driveway (NYSE: LAD) has announced the acquisition of Stohlman Subaru in Sterling, Virginia. This strategic move strengthens Lithia & Driveway’s presence in the robust performing Mid-Atlantic Region.
Background on Lithia & Driveway
Lithia & Driveway is a leading automotive retailer with operations in 19 states. The company operates more than 200 dealerships and employs over 7,000 people. Lithia & Driveway’s focus on providing exceptional customer service and a wide selection of vehicles has made it a trusted name in the automotive industry.
Acquisition Details
The acquisition of Stohlman Subaru marks Lithia & Driveway’s first dealership in the state of Virginia. The dealership, located in Sterling, has been a staple in the community for over 30 years. With this acquisition, Lithia & Driveway gains a team of experienced Subaru professionals and a state-of-the-art facility.
Impact on Customers
For customers in the Sterling area, this acquisition means they will now have access to a larger selection of new and used Subaru vehicles. Lithia & Driveway’s reputation for excellent customer service and competitive pricing is expected to draw in new customers as well. Additionally, the dealership’s service department will now offer extended hours and a larger team of certified technicians to better serve the community.
Impact on the World
The automotive industry as a whole will see the ripple effect of this acquisition. Lithia & Driveway’s continued growth in the Mid-Atlantic Region signals a growing demand for Subaru vehicles in the area. As a result, Subaru may increase production to meet this demand. Additionally, other automotive retailers in the region may be encouraged to expand their offerings or improve their customer service in response to Lithia & Driveway’s presence.
Conclusion
Lithia & Driveway’s acquisition of Stohlman Subaru in Sterling, Virginia, is a significant step in the company’s growth strategy. This move not only expands Lithia & Driveway’s presence in the Mid-Atlantic Region but also brings a team of experienced professionals and a state-of-the-art facility to the table. Customers in the Sterling area will benefit from a larger selection of Subaru vehicles and improved customer service. The automotive industry as a whole may see increased production and competition in response to Lithia & Driveway’s growth.
- Lithia & Driveway acquires Stohlman Subaru in Sterling, Virginia
- Expands presence in Mid-Atlantic Region
- Customers gain access to larger selection of new and used Subaru vehicles
- Improved customer service with extended hours and larger team of certified technicians
- Ripple effect on automotive industry with potential for increased production and competition
