Lithia’s 2025 purpose represents almost twice the 2021 income of AutoNation and greater than double Lithia’s income final 12 months. And it will almost double Lithia’s present U.S. franchised dealership rely of 268. Lithia reported having 278 dealerships on the finish of 2021, however that quantity contains 13 shops in Canada, plus Lithia has each acquired and divested shops thus far in 2022.
Whereas AutoNation and Penske have made current acquisitions, they aren’t shopping for shops on the tempo of Lithia and even different high 10 rivals.
Solely Asbury Automotive Group Inc., which moved up a spot to No. 5 on the checklist, added extra shops than Lithia final 12 months, gaining 71.
Asbury purchased final 12 months’s No. eight group, Larry H. Miller Dealerships, for $3.2 billion in December, giving it 54 extra franchised shops and a complete of 162 at 12 months finish.
AutoNation added 21 stores final 12 months and retailed 262,403 new autos, up 5.1 % from 2020.