Print this ArticlePrint this Article Email this ArticleEmail this Article
Text Size: A | A | A

Lithia buys Stockton dealership

 Posted: 1:30 PM October 07, 2013

Medford-based Lithia Motors said today it has purchased Stockton Nissan Kia in California's Central Valley.

The nation's ninth-largest auto retailer said the store will be named Nissan and Kia of Stockton. Lithia, which reported more than $1 billion in sales during the second quarter, expects the acquisition to add $45 million to its annual revenue.

The dealership is the sixth in Northern California, joining Eureka, Fresno, Redding, Santa Rosa and Seaside. Lithia now operates 92 stores in 11 states.

Chief Executive Officer Bryan DeBoer said the Stockton market was attractive to Lithia because of its existing regional footprint. In June, the company announced the purchase of the O'Brien Auto Group in Salem, adding BMW, Honda and Volkswagen operations.

— Greg Stiles


Reader Reaction
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form. New comments are only accepted for two weeks from the date of publication.
COUPON OF THE WEEK