Lithia Motors buys Stellantis dealership, sells Acura store

Lithia Motors Inc., whose most recent acquisition was for six Airstream dealerships, bolstered its presence in Texas this month with the purchase of a Stellantis store.

Lithia on Wednesday bought Meador Dodge-Chrysler-Jeep-Ram in Fort Worth from siblings Kyle Hunter and Laura Hunter, the auto retail giant confirmed.

The dealership was renamed Meador Chrysler-Dodge-Jeep-Ram, according to a post on Lithia's LinkedIn page.

Lithia said on Nov. 29 that the acquisition is expected to add $200 million in annual revenue.

The Texas acquisition is Lithia's first franchised automotive dealership purchase since it re-entered Wisconsin in September, with the acquisition of five dealerships from Wilde Automotive Group, Lithia confirmed.

Lithia, which also has sold several dealerships this year, divested an Acura store in Southern California this month.

Lithia on Nov. 7 sold DCH Acura of Temecula to Nathan Oh of OH Auto Group, the auto retailer confirmed. The dealership was renamed OH Acura of Temecula. Temecula is north of San Diego.

Lithia acquired the Acura dealership in 2014 when it bought DCH Auto Group Inc.

The divestiture was Lithia's most recent sale since it sold Lodi Toyota in California in October, the company confirmed.

George Pero, vice president of sales of DCG Acquisitions, a Dave Cantin Group company, handled the Acura transaction.

Lithia, of Medford, Ore., ranks No. 2 on Automotive News' list of the top 150 dealership groups based in the U.S., retailing 260,738 new vehicles in 2021.