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MEDFORD, Ore., June 21, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced the purchase of Wade Ford in Smyrna, Georgia, expanding its reach in the Southeast Region and adding an estimated $285 million in annualized revenue.

"We're thrilled to have the team at Wade Ford join the LAD family as we continue to focus on network development in the U.S. This is our second store in Atlanta and continues the build out of our network of southeastern locations from Virginia to Florida," said Bryan DeBoer, Lithia & Driveway President and CEO. "Wade Ford has been serving the area since 1933. Their strong reputation with customers and community support allows us to expand our operations in this highly competitive market."

The Wade Ford purchase is projected to bring Lithia & Driveway's total year-to-date expected annualized revenue acquired to $3.5 billion and $17.5 billion since announcing its 2025 Plan to achieve $50 billion in revenue. LAD has accomplished 70% of its 2025 Plan network development target of $25 billion. The acquisition was financed using existing on-balance sheet capacity.

About Lithia & Driveway (LAD):

LAD is a growth company focused on profitably consolidating the largest retail sector globally through providing personal transportation solutions wherever, whenever, and however consumers desire.


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SOURCE Lithia Motors, Inc.

Lithia Motors, Inc.


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New Car Dealers
Retail Trade
Retail Trade, Specialty Stores, New Car Dealers

About LAD

at lithia our success is driven by a passion for cars and for serving our customers. lithia auto stores is one of the largest and most trusted automotive retailers in the u.s., providing outstanding sales, service, parts, and auto financing to urban and rural customers in 14 states. lithia’s road to success has taken us from a single dealership in ashland, oregon to a publicly traded company with approximately 130 locations. join an auto retailer that believes our growth relies on the growth of our people. members of team lithia get the tools they need to succeed, including ongoing training in a promote-from-within culture. our early beginnings were the road map leading us to a present day. a journey filled with healthy challenges and exciting opportunities. we’re a company that believes in our core values and living them through personal ownership, an entrepreneurial spirit, high standards and best practices, while thriving in a dynamic work place. come “take the journey with us