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Lithia Motors began in 1946 when Walt DeBoer opened a single car dealership in Ashland, Oregon. In the first year, the five-person company sold 14 cars. [16] In 1968, Walt's son, Sidney DeBoer, took over the business and incorporated Lithia Motors Inc. Sidney reorganized the business and in 1970 purchased a Dodge dealership in Medford. With ...
It would also purchase dealerships across Arkansas, Mississippi, and Oregon before later divesting to focus on core markets. Throughout the latter portion of the 2010s and early 2020s, under CEO David Hult, Asbury expanded rapidly, moving into the Indianapolis market with its purchase of Hare Automotive [ 10 ] and the Bill Estes Automotive ...
In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
On average, a CarMax location employs 40 sales associates. Each car goes through a thorough 125-point inspection process, beyond any state-required inspections, and includes a 90-day warranty, three days to change the financing for free, and, 10-day money-back guarantee (reduced in 2024 from a 30-day money-back guarantee). [10] [11]
Les Schwab founded the company with a single store in Prineville, Oregon, when he bought OK Rubber Welders in 1952. Corporate headquarters were moved from Prineville to Bend in 2008. [2] From 1964 until 2011, the firm offered an innovative February "Free-Beef" promotion, [3] [4] to boost sales during slow late-winter months.
The trade came about as a way for the brand to acquire a strong-performing Chevrolet franchise, as well as a plot of land beside the dealership on which the new Murray Imports BMW location could be built. [17] [18] Sonic purchased the four AutoMatch USA used car locations in Florida and Georgia in 2016. These locations were re-branded under ...
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