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Slide #14. Lithia Motors, Inc. — Lincoln Volvo Store
Lithia Motors, Inc. (NYSE:LAD)
Lincoln Volvo Store
Lithia Motors, Inc. (NYSE: LAD) announced that it acquired Fresno Lincoln Volvo in Fresno, California. The Lincoln franchise will be relocated to our Ford store and our Mazda franchise will be relocated to the new location to operate alongside Fresno Volvo. The acquisition adds $15 million in estimated annual revenues, and an additional retail location on Blackstone Avenue in Fresno in addition to our Ford, Nissan, Hyundai, Subaru and Mitsubishi franchises.
Lithia Motors is a provider of personal transportation solutions. Co.'s segments are: Domestic, Import and Luxury. Co.'s Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. Co.'s Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. Co.'s Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.
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