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Lithia buys 3 dealerships from Elder Automotive

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“The Elder Auto Group has an impeccable status for high quality customer support, a ardour for all issues Ford and will probably be a seamless match,” Lithia CEO Bryan DeBoer stated in an announcement.

The Elder group lengthy had been owned by Irma Elder, the first lady to personal a Ford dealership within the Detroit space, and who was named in 2000 by Automotive Information as one in every of its 100 Main Girls within the North American Auto Trade.

Irma and her late husband James opened the Troy Ford dealership in 1967 and when he died in 1983, Irma took over the corporate and expanded the enterprise.

She died in 2014 at age 84 and her household has continued to run the enterprise, with son Robert serving as president.

Elder Automotive additionally has Jaguar-Land Rover shops in Florida and Michigan, a Hyundai-Genesis retailer in Michigan and a Jaguar dealership in Florida, in keeping with its web site.

With the three Ford shops, Lithia stated it has acquired dealerships this 12 months which can be anticipated to generate practically $7 billion in income.

Lithia, of Medford, Ore., ranked No. 3 on Automotive Information‘ most up-to-date record of the highest 150 dealership teams primarily based within the U.S., retailing 171,168 new automobiles in 2020. However the Suburban Assortment acquisition makes Lithia the second-largest group going ahead.

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