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Bisa Nitip Bisa Dititp: Lithia Motors raises bid for Pendragon dealerships | Dealers see refusal right as both helpful and harmful | Dealerships sell after Neb. court battle involving GM using its right of first refusal
Monday, October 2, 2023
Lithia Motors raises bid for Pendragon dealerships | Dealers see refusal right as both helpful and harmful | Dealerships sell after Neb. court battle involving GM using its right of first refusal
Lithia Motors has raised its offer for the dealership and fleet businesses of Pendragon following rival bids from two publicly traded auto retailers.
Done Deals is a monthly look at the dealership buy-sell market. Readers can share story tips or deal news with Automotive News Senior Retail Editor Melissa Burden at mburden@crain.com and buy-sell reporters Jack Walsworth at jwalsworth@crain.com, Julie Walker at julie.walker@crain.com and Gail Kachadourian Howe at gail.howe@crain.com.
■ Colonial Subaru | Kingston, N.Y. » ■ Route 22 Nissan | Hillside, N.J. » ■ Galesburg Nissan | Galesburg, Ill. » ■ Kia of Grand Rapids North | Grand Rapids, Mich. » ■ Wilson Chrysler-Jeep | Clinton, Ill. »
Lithia Motors Inc. CEO Bryan DeBoer believes his company will win the bidding war for U.K. auto retail giant Pendragon. Lithia’s bid would transform Pinewood, Pendragon’s dealership management system, into a standalone company.
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