PR Newswire·Oct 28, 2025, 5:30 AM ET

Lithia & Driveway (LAD) Expands Retail Network in Southwest Region and Earns 2025 Best Dealerships to Work for in Canada Recognition

Lithia & Driveway (NYSE: LAD) announced the acquisition of three Hyundai dealerships in Orange County, California: Anaheim Hyundai, Huntington Beach Hyundai, & Garden Grove Hyundai.
The acquisitions add an estimated $440 million in annualized revenue & increase LAD's import mix in Southern California.
Total year-to-date expected annualized U.S. revenue acquired by LAD has reached $1.16 billion.
The purchase was financed using existing on-balance sheet capacity & cost less than 10% of revenues.
The new stores support LAD's electrification strategy by adding Hyundai's EV & hybrid lineup to complement the GreenCars digital sustainability platform.
Battery electric vehicles (BEVs) accounted for 10% of LAD's new retail sales in the third quarter, up from 8% in prior quarters.
Eight of LAD's Canadian dealerships were named to Automotive News' 2025 Canada Best Dealerships To Work For list, representing 20% of all recognized dealerships.
The eight recognized Canadian locations include Acura of Thornhill, Audi Newmarket, Honda of Thornhill, McLaren Vancouver, Pfaff BMW, Pfaff Subaru, Porsche Centre Markham, & Volkswagen of Newmarket.