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In February 2021, a source reported Lithia Motors was in talks to acquire the Suburban Collection dealer chain in Michigan. Suburban reported revenues of $2.7 billion in 2019. Later in April of the same year, the company acquired New Jersey dealership Planet Honda of Union, which is expected to add $230 million in annual revenue.
Apr. 13—Lithia Motors Inc. on Tuesday said it has acquired the Troy-based Suburban Collection dealerships, connecting its 56 franchises to one of the largest auto retail networks in the country.
Fischer was born in 1946 in Detroit.His father founded the future Suburban Collection in 1948 [5] as a single Oldsmobile dealership in Birmingham, Michigan. [6] Fischer earned a B.A. from Parsons College, and attended executive education at Harvard Business School. [7]
The Suburban Collection Showplace is a convention center in Novi, Michigan. Located off Interstate 96, about 20 miles (32 km) northwest of Detroit, it is the second-largest convention center in Metro Detroit (after Huntington Place). [1] [2] It is best known as the current location of the Michigan State Fair. [3]
Celozzi-Ettleson Chevrolet was a Chevrolet dealership located in Elmhurst, Illinois. Advertised that it was the "#1 Chevy dealer in the nation", it was owned by Nick Celozzi and Maury Ettleson and operated at the corner of York and Roosevelt roads from February 1968 to October 2000. [1]
The following year, Braman took on his first import brands with the purchase of BMW and Rolls-Royce dealership C.R. Berry Motors and moved both franchises next to his Miami Cadillac dealership. [7] By 1980, Braman had Cadillac, BMW, Rolls-Royce, Fiat, Lancia, and Toyota dealerships along the 2000 block of Biscayne Boulevard in Miami.