Lithia acquires 2nd largest CJDR dealership in DFW area
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Image courtesy of company.
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.