#United States #Carson, California #Lithia & Driveway #Carson Nissan #Performance Brokerage

Performance Brokerage Services Facilitates Sale of Carson Nissan

Performance Brokerage Services, a leader in dealership buy-sell activity, has announced its successful representation of Lithia & Driveway (NYSE: LAD) in the sale of Carson Nissan located in Carson, California. The transaction involved David Massoudi of Mass Auto Group, marking another significant achievement for the brokerage firm, which specializes in the automotive sector.

Background of Lithia & Driveway

Lithia & Driveway has a rich history, tracing its roots back to 1946 when Walt DeBoer established a modest Chrysler-Plymouth-Dodge dealership in Ashland, Oregon. Over the years, the company has evolved significantly under the leadership of Sid DeBoer, who transformed the dealership group into Lithia Motors, Inc. in 1996. Now overseen by Sid's son, Bryan DeBoer, Lithia has risen to prominence, ranking as the top dealership group on the 2024 Automotive News Top 150 based on retail sales data from 2023.

The Sale Process

As Lithia & Driveway made the strategic decision to divest from the Carson Nissan location, the company turned to Performance Brokerage Services for assistance. Matt Whitmer, the Director of Network Development at Lithia, expressed their satisfaction with the brokerage firm's responsiveness and deep commitment to client needs. This collaboration proved essential in identifying a qualified buyer quickly. Jason Stopnitzky, co-founder of Performance Brokerage Services, played a pivotal role in managing the sale process, ensuring clear communication with all parties involved and providing ongoing support.

The New Buyer: Mass Auto Group

Mass Auto Group, led by President David Massoudi, operates multiple dealerships across Southern California, representing renowned brands such as Nissan, Chrysler, Dodge, Jeep, and RAM. Massoudi emphasized the importance of integrity and expertise in dealership operations. He highlighted his successful history of working with Stopnitzky, noting that each transaction was not only seamless but also anticipatory of all potential challenges.

The Carson Nissan dealership, located at 1505 East 223rd Street, will continue to operate at its existing site under the new ownership of Mass Auto Group, ensuring a smooth transition for employees and customers alike.

Exceptional Track Record

Performance Brokerage Services has demonstrated remarkable success in the automotive brokerage landscape, completing over 300 dealership sales in the past five years alone, solidifying its status as North America’s highest volume dealership brokerage firm. With a closing rate of 90%, their reputation for ethical practices and unmatched service precedes them in the industry.

The ongoing partnership with Lithia & Driveway has resulted in over 30 successful transactions, with this sale emblematic of strong relationships built over time. Jason Stopnitzky remarked on the ongoing collaboration between Performance Brokerage Services and Lithia, emphasizing their mutual commitment to delivering strategic opportunities and exceptional value.

This sale signifies not just a change of ownership but a commitment to maintaining high-quality service and operational excellence at Carson Nissan. The alignment of values and business ethics between Lithia & Driveway and Mass Auto Group promises a bright future for the dealership and its employees.

For any further information regarding Performance Brokerage Services and their extensive offerings tailored for dealership sales, you can visit their website at performancebrokerageservices.com.