#USA #Hyundai #Medford #Lithia Driveway #Best Dealerships

Lithia & Driveway Continues Its Growth Journey

Lithia & Driveway (NYSE: LAD) is making waves in the automotive retail sector by announcing two impressive milestones. The company has successfully expanded its retail network in the Southwest region, highlighting its strategic commitment to growth and excellence. Additionally, Lithia & Driveway has received the prestigious accolade of '2025 Best Dealerships to Work for in Canada' from Automotive News, which celebrates outstanding workplace environments in the automotive retail industry.

Southwest Regional Expansion

Lithia & Driveway has expanded its reach by acquiring three significant dealerships: Anaheim Hyundai, Huntington Beach Hyundai, and Garden Grove Hyundai, all located in California's Orange County. This acquisition not only enhances the density of Lithia's network in the region but also diversifies its import offerings. The expected annual revenue from these newly acquired dealerships is estimated at $440 million, further solidifying Lithia's foothold in the robust Southern California market.

President and CEO Bryan DeBoer expressed enthusiasm about these acquisitions, stating, "These highly profitable additions enhance our brand diversity and introduce thousands of new customers to our unique ecosystem. We aim to deliver a seamless ownership experience while deepening our relationships with our customers." The company has strategically financed this acquisition using existing capacity, which remarkably cost less than 10% of the revenues.

This expansion aligns with Lithia & Driveway's strategy to advance its electrification efforts in California. Hyundai’s emerging line of electric vehicles (EVs) and hybrids plays a crucial role in meeting consumer demand, as noted by DeBoer. In Q3, battery electric vehicles (BEVs) represented 10% of Lithia's retail sales, marking an increase from 8% in previous quarters.

Best Dealerships to Work for in Canada Recognition

In addition to its robust expansion efforts, Lithia & Driveway has also made significant achievements in employee satisfaction. Eight of its Canadian dealerships earned a place in Automotive News' '2025 Canada Best Dealerships to Work For' list, accounting for a remarkable 20% of the recognized dealerships.

DeBoer commented on this recognition, emphasizing the strong team culture and customer care ethos within their growing Canadian operations. "Our commitment to teamwork and innovation exemplifies what a great dealership experience should be for both employees and customers. We're incredibly proud to see such recognition for our Canadian dealerships," he stated.

The dealerships recognized include:

• - Acura of Thornhill
• - Audi Newmarket
• - Honda of Thornhill
• - McLaren Vancouver
• - Pfaff BMW
• - Pfaff Subaru
• - Porsche Centre Markham
• - Volkswagen of Newmarket

For those interested in experiencing the benefits of working with Lithia, the company invites potential applicants to visit lithiacareers.com for opportunities.

About Lithia & Driveway

Lithia & Driveway stands as the largest global automotive retailer, offering a full spectrum of services tailored to the vehicle ownership lifecycle. By combining a broad selection of physical stores with e-commerce platforms and innovative financing solutions, Lithia remains committed to delivering a straightforward, convenient, and transparent customer experience. Furthermore, it achieves consistent growth in a highly fragmented industry, showcasing its adaptability and focus on modernizing personal transportation solutions.

For more about Lithia's services or to stay connected, follow them on social media or visit their websites: Lithia’s Main Site or Driveway’s Site.