Lithia acquires 2nd largest CJDR dealership in DFW area
NADA Show 2023 kicks off in Dallas in less than two months, but one of the nation’s largest dealer groups is already making a move in the DFW area.
Lithia & Driveway announced Tuesday that it has purchased Meador Chrysler, Dodge, Jeep, Ram in Fort Worth, which the retailer says is the second-largest CDJR dealership in the market.
Lithia anticipates Meador CDJR will generate annualized revenues of more than $200 million. That would bump the company’s total expected annualized revenue to more than $3.3 billion this year.
“We are thrilled to welcome this experienced and dedicated team to the Lithia & Driveaway family,” Lithia president and CEO Bryan DeBoer said in a news release.
“Meador CDJR has a long-standing reputation for delivering exceptional service, earning them the FCA Customer First Award for Excellence,” he said.