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Lithia Motors, Inc. is an American nationwide automotive dealership group headquartered in Medford, Oregon. [7] It is the third largest new vehicle automotive dealership group in the United States , below AutoNation and Penske Automotive Group . [ 8 ]
The BMW Manufacturing Co., LLC, also known as BMW Spartanburg, is the BMW Group's only assembly facility in the United States, and is located in Greer, South Carolina. [11] The plant is currently BMW's major global production site for the X3, X4, X5, X6, X7, and XM crossover SUVs, [ 12 ] whose biggest market is the U.S., while other BMW models ...
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
After many years of establishing a reputation for sporting rear-wheel drive cars, BMW's first front-wheel drive car was the 2014 BMW 2 Series Active Tourer multi-purpose vehicle (MPV). In March 2018, Daimler and BMW merged their mobility services. [19] In August 2019, Oliver Zipse replaced Harald Krüger as the head of the BMW Group. [20]
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In October 2017, Sonic sold its Capitol Chevrolet & Hyundai franchise in Columbia, SC to the Stivers Automotive Group. In May 2018, Sonic sold its Lone Star Ford franchise in Houston, TX to the Doggett Auto Group. [20] The store was renamed Doggett Ford and moved into a new facility alongside Doggett's John Deere equipment dealership. [21]