Lithia & Driveway (LAD) Acquires First Ferrari Store, Representing the Rocky Mountain Region
12/06/2022 - 07:10 AM
MEDFORD, Ore. Dec. 6, 2022 Colorado , purchasing Ferrari of Denver , the Company's first Ferrari store.
Ferrari of Denver will specialize in personalized, in-home customer experiences covering the full ownership lifecycle. The only Ferrari location in the greater Rocky Mountains region, this store boasts three Ferrari-certified technicians and a Bentley master-certified technician. In addition to Ferrari, this store also sells Bentley and other luxury brands.
"We're thrilled to welcome this Denver team into the Lithia & Driveway family," said Bryan DeBoer , President and CEO. "We are ready to expand our business through greater convenience and optionality to cultivate customer loyalty. Ferrari of Denver will fuel our drive to Earn Customers for Life, while becoming a centrally located hub for premium luxury vehicles in the country."
Located in Highlands Ranch, CO , this acquisition is projected to generate $75 million $3.3 billion $50 billion $55 to $60 in earnings per share.
About Lithia & Driveway (LAD):
LAD is a growth company focused on profitably consolidating the largest retail sector in North America through providing personal transportation solutions wherever, whenever, and however consumers desire.
Sites www.lithia.com www.investors.lithiadriveway.com www.lithiacareers.com www.driveway.com www.greencars.com www.drivewayfinancecorp.com
Lithia & Driveway on Facebook https://www.facebook.com/LithiaMotors https://www.facebook.com/DrivewayHQ
Lithia & Driveway on Twitter https://twitter.com/lithiamotors https://twitter.com/DrivewayHQ https://twitter.com/GreenCarsHQ
https://www.prnewswire.com/news-releases/lithia--driveway-lad-acquires-first-ferrari-store-representing-the-rocky-mountain-region-301695447.html
SOURCE Lithia Motors, Inc.
LAD Rankings
#926 Ranked by Stock Gains
LAD Stock Data
Industry
New Car Dealers
Sector
Retail Trade
Tags
Retail Trade, Specialty Stores, New Car Dealers
Country
US
City
Medford
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
