Lithia Motors Inc. has additional two more dealerships in the Los Angeles area, right after buying eight dealerships in the marketplace last slide.
The general public car retailer said Tuesday it obtained Centre BMW and Centre Acura in Sherman Oaks, Calif., from Dave Farguson. The BMW shop transaction shut on Might 23 and the Acura shop deal shut on June 1, Farguson said.
Lithia said the dealerships blended are expected to create $185 million in once-a-year earnings.
“We are enthusiastic to include our to start with BMW shop in Southern California and capture the considerable likely that exists,” Lithia CEO Bryan DeBoer said in a statement.
Conditions of the transactions weren’t disclosed, but Lithia said it paid for the outlets working with funding from its existing stability sheet.