Medford, Ore.—Lithia Motors Inc. has announced the acquisition of two Lexus stores in Sacramento and Roseville, California.
“We are excited to finally enter the Sacramento market and further expand our network with a dominant luxury vehicle presence,” said Bryan DeBoer, Lithia Motors president and CEO. “These stores kick off an expected strong year of growth in our core business and, combined with our digital strategies, further our vision to serve customers wherever, whenever and however they desire.”
The Sacramento and Roseville Lexus stores are expected to generate $160 million in revenue. They join Lithia’s physical network of 189 stores nationwide, with 42 California locations representing 21 brands.
“Our new teams in the state capital possess years of knowledge and expertise on the Lexus brand, and we are fortunate that they are joining the Lithia family,” said DeBoer.
In 2019, Lithia expanded its reach to 92 percent of the U.S., becoming the broadest coast-to-coast automotive retail network. Lithia Motors continues to incrementally and profitably modernize the industry through its mission of Growth Powered by People.