Lithia Motors Announces Acquisition of Chevrolet Cadillac Store
MEDFORD, OR -- (Marketwire) -- 05/01/12 -- Lithia Motors, Inc. (LAD) announced that today it acquired Jerry Chambers Chevrolet Cadillac in Bellingham, Washington. The store will be named Chambers Chevrolet Cadillac of Bellingham, and adds $40 million in estimated annual revenues.
Bryan DeBoer, President and Chief Executive Officer, commented, "We are excited to be a part of the Whatcom county community. The Chambers family has a 40 year history here and we look forward to carrying on the proud heritage they established. We would like to extend a warm welcome to the 55 employees who are joining our team."
Lithia Motors, Inc. is the ninth largest automotive retailer in the United States. Lithia sells 25 brands of new and all brands of used vehicles at 84 stores, which are located in 11 states. Lithia also arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations.
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Contact: John North VP Finance and Controller (541) 618-5748
Source: Lithia Motors