Automotive News - November 17, 2008 - (Page 26)

26 • NOVEMBER 17, 2008 Lithia sheds 4 more stores Patricia Scott pscott@crain.com Lithia Motors Inc. of Medford, Ore., has sold four more dealerships as part of a restructuring effort that began in June. The public dealership group selected 29 stores for divestiture. Now 14 have been sold. Lithia, which now has 98 stores, ranks No. 8 on Automotive News’ list of the top 125 dealership groups in the United States with retail sales of 63,607 new vehicles in 2007. Here are recent transactions. This Automotive News feature lists recent dealership acquisitions as reported by brokers, official announcements and news media. You may e-mail items to rjohnson@crain.com. Lia/Morrell Buyer: Bill Lia Jr. Seller: Jim Morrell Location: Latham, N.Y. Old name: Advantage Dodge New name: Lia Infiniti More: Lia Auto Group bought the real estate and buildings of the closed Advantage Dodge and moved its Infiniti franchise to the site from a nearby location. Barros/Lithia Motors Buyer: Tom Barros Seller: Lithia Motors Location: Wenatchee, Wash. Old name: Wenatchee Chrysler-Dodge New name: Town Chrysler-Dodge Fuccillo/Morrell Buyer: Billy Fuccillo Seller: Jim Morrell Location: Amsterdam, N.Y. Old name: Amsterdam Chrysler-Dodge New name: Fuccillo Chrysler-Jeep-Dodge More: Fuccillo moved his Jeep franchise to the Chrysler-Dodge store. Anderson/Lithia Buyer: Tal Anderson, Performance Automotive Group Seller: Lithia Motors Location: Omaha, Neb. Franchise: Ford Old name: Lithia Ford of Omaha Fuccillo/Lia Buyer: Billy Fuccillo Seller: Bill Lia Jr. Location: Schenectady, N.Y. Old name: Lia Kia New name: Fuccillo Kia Anderson/Lithia Buyer: Tal Anderson, Performance Automotive Group Seller: Lithia Motors Location: Omaha, Neb. Old name: Lithia Mercedes of Omaha New name: Mercedes-Benz of Omaha Egolf/Johnson Buyer: John Egolf Jr. Seller: John Johnson Location: Brevard, N.C. Old name: John Johnson Ford New name: Egolf Ford of Brevard WIN THE GAME. (With a little help from TK Carsites) When it comes to selling cars, winning isn’t everything … it’s the only thing. That’s why TK Carsites is the best choice to help give you a competitive edge where your customers turn ﬁrst—the Internet. Our proprietary search engine optimization takes a hands-on approach, to get your site in front of more customers to generate more leads and more sales. Beat the competition—put TK Carsites on your team. Call TK Carsites today. Snellman/Lithia Buyer: Tom Snellman Seller: Lithia Motors Location: Butte, Mont. Old name: Lithia Chrysler-Jeep-Dodge New name: Mile High Chrysler-Jeep-Dodge Eck/Anderson Buyer: Les Eck Seller: Mike Anderson Location: Omaha, Neb. Old name: Anderson Ford New name: Rusty Eck Ford VT/Clayton, Chapman Buyer: Van Tuyl/Automotive Investment Group Sellers: Gerie Clayton, Jerry Chapman Location: Phoenix Franchises: Ford, Lincoln, Mercury Old names: Mel Clayton Ford, Chapman Lincoln-Mercury New name: Camelback Ford-Lincoln-Mercury More: VT/AIG merged Mel Clayton Ford and Chapman Lincoln-Mercury at the former Chapman Lincoln-Mercury site. Hendrick/Fisher Buyer: Rick Hendrick Seller: Tony Fisher Location: Durham, N.C. Franchises: Pontiac, Buick, Cadillac, GMC Old name: GM Superstore New name: Hendrick Durham Auto Mall More: Hendrick acquired the GM franchises from Fisher and merged operations and inventory with Hendrick’s Chevrolet dealership. www.TKCarsites.com • 1-800-605-9829 ©2008 TK Carsites. All rights reserved. Your Turnkey Automotive Internet Solution http://www.TKCarsites.com http://www.TKCarsites.com http://www.guidepointsystems.com http://www.guidepointsystems.com

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Automotive News - November 17, 2008

Automotive News - November 17, 2008 - (Page Intro) Automotive News - November 17, 2008 - (Page BB1) Automotive News - November 17, 2008 - (Page BB2) Automotive News - November 17, 2008 - (Page 1) Automotive News - November 17, 2008 - (Page 2) Automotive News - November 17, 2008 - (Page 3) Automotive News - November 17, 2008 - (Page 4) Automotive News - November 17, 2008 - (Page 5) Automotive News - November 17, 2008 - (Page 6) Automotive News - November 17, 2008 - (Page 7) Automotive News - November 17, 2008 - (Page 8) Automotive News - November 17, 2008 - (Page 9) Automotive News - November 17, 2008 - (Page 10) Automotive News - November 17, 2008 - (Page 11) Automotive News - November 17, 2008 - (Page 12) Automotive News - November 17, 2008 - (Page 13) Automotive News - November 17, 2008 - (Page 14) Automotive News - November 17, 2008 - (Page 14a) Automotive News - November 17, 2008 - (Page 14b) Automotive News - November 17, 2008 - (Page 15) Automotive News - November 17, 2008 - 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