Lithia & Driveway Expands Luxury Network with Key Acquisitions and Recognition

Lithia & Driveway Expands Luxury Network

Lithia & Driveway (LAD), a prominent player in the automotive retail industry, has recently taken significant steps to broaden its luxury vehicle offerings. The company announced the acquisition of Porsche Beverly Hills and Audi Santa Monica, two distinguished dealerships that are expected to generate an impressive $450 million in annualized revenue combined.

Bryan DeBoer, President and CEO of Lithia & Driveway, expressed enthusiasm about these new additions, stating, “We are thrilled to welcome Porsche Beverly Hills and Audi Santa Monica to the Lithia family—two iconic dealerships rooted in one of the world’s most prestigious luxury automotive markets.” He emphasized that these acquisitions not only elevate the company’s luxury mix but also expand its ecosystem, promising meaningful contributions to the company's earnings.

This latest acquisition marks an ambitious continuation of LAD’s strategic expansion in the luxury segment. The total expected annualized revenue from acquisitions made year-to-date now stands at an impressive $2.1 billion. The financial backing for these new dealership purchases has been facilitated by LAD's existing balance sheet capacity, showcasing the company’s robust financial positioning.

Recognition as a Growth Leader

In addition to its recent acquisitions, Lithia & Driveway has been recognized for its impressive growth trajectory. The company secured the #165 ranking on TIME’s list of America’s Growth Leaders for 2026. This prestigious recognition is awarded to companies that have demonstrated exceptional growth while maintaining financial stability and market performance across various sectors in the United States. Lithia & Driveway’s inclusion in this list emphasizes its status as one of the most dynamic and innovative businesses in the current landscape.

According to DeBoer, the company’s commitment to superior customer experience and operational efficiency continues to drive success. “This distinction places us among a select group of businesses that are truly committed to innovation and economic progression,” he noted. Adding high-quality luxury stores like Porsche Beverly Hills and Audi Santa Monica is part of LAD’s strategy to strengthen its market presence further while fulfilling their goal of modernizing personal transportation solutions.

About Lithia & Driveway

Lithia & Driveway operates the largest global automotive retail network, providing a comprehensive array of products and services covering various aspects of vehicle ownership. The company prides itself on offering a simple, convenient, and transparent consumer experience through its consolidated network of physical dealerships and online platforms.

Lithia's business model seeks to deliver consistent, profitable growth in a significantly unconsolidated industry. Its diverse and competitively differentiated structure provides the flexibility and scale necessary to pursue a vision that aligns with modern consumer expectations regarding transportation solutions.

For more information about Lithia & Driveway and their latest offerings, visit their websites at Lithia, Investors, and Driveway. Follow them on social media for the latest updates and news as they continue to shape the future of luxury automotive retail.