Lithia Motors Inc. is continuing its expansion and has added a large-volume Honda store in Southern California and two import dealerships near Dallas.
The second-largest dealership group in the U.S. on Monday bought Rock Honda in Fontana, Calif., from Bill Piercey and Tom Chadwell. Piercey and Chadwell still own five dealerships across Arizona, California and Colorado.
The store, which Lithia said was Honda's 16th largest in the country based on new-vehicle volume in 2020, will add an expected $170 million in annual revenue. The dealership has been renamed Honda of Fontana.
Lithia noted that the dealership is licensed to "provide customers with personal insurance."