Lithia & Driveway (LAD) enters the North American powersports market with the addition of Pfaff Harley-Davidson dealership
The addition of Pfaff Harley-Davidson brings the expected total annualized revenue of LAD acquired in 2021 to nearly $ 6.3 billion. The company is well ahead of its schedule and positioned to exceed its plan to achieve US $ 50 billion in turnover and $ 50 USD of earnings per share by 2025.
About Lithia & Driveway (LAD):
LAD is a growing company fueled by people and innovation with a plan to profitably consolidate the largest retail industry in North America. As the leading provider of personal transportation solutions in North America, LAD is among the fastest growing companies in the Fortune 500 and is currently ranked # 231 (# 2 of 10-Year EPS Growth, # 3 of 10 -Year TSR and # 12 over 10 years of revenue growth in 2021). By providing a wide range of products and services for the entire lifecycle of vehicle ownership through various consumer channels, LAD builds brand loyalty. Operational excellence is achieved by focusing the business on convenient and transparent consumer experiences, backed by proprietary data science, to improve market share, consumer loyalty and profitability. LAD’s omnichannel strategy will continue to pragmatically disrupt the industry by relying on experienced teams, large inventory held, technology and the physical network. LAD continues to lead industry consolidation which, combined with Driveway’s home e-commerce experiences, further accelerates the huge engine of capital regeneration. Together, these efforts create a unique and compelling high growth strategy that delivers transportation solutions where, when and how consumers want.
About Pfaff Automotive Partners
Pfaff Automotive Partners, a leading Canadian automotive retailer, was founded in 1964. Its brand offering includes Volkswagen, Audi, BMW, MINI, Porsche, McLaren, Singer Vehicle Design, Pagani, BAC Mono, Harley-Davidson, Mercedes-Benz, Subaru, and Automobili Pininfarina automobiles and motorcycles. It has a racing history of over 50 years in many forms of motorsport. The company also operates Pfaff Tuning, Pfaff Leasing and Pfaff Autoworks. For more information, please visit www.pfaffauto.com.
SOURCE Lithia Motors, Inc.