Lithia & Driveway acquired Anaheim Hyundai, Huntington Beach Hyundai, and Garden Grove Hyundai, three import locations in Orange County, for a purchase price that was less than 10 % of the combined revenue of the stores. The deal was financed with existing on‑balance‑sheet capacity and is expected to generate roughly $440 million in annualized revenue.
The acquisition increases Lithia’s density in Southern California, broadens its import mix, and supports the company’s electrification strategy. Hyundai’s expanding electric‑vehicle and hybrid lineup will be promoted through the GreenCars platform, where battery electric vehicles accounted for 10 % of new retail sales in the third quarter of 2025, up from 8 % in prior quarters. The move is part of Lithia’s goal to acquire $2 billion to $4 billion in annualized U.S. revenue each year; the three new stores bring the year‑to‑date expected annualized U.S. revenue acquired to $1.16 billion.
Eight of Lithia’s Canadian dealerships were named to Automotive News’ 2025 Canada Best Dealerships To Work For list, representing 20 % of the 40 dealerships on the list. The recognized locations are Acura of Thornhill, Audi Newmarket, Honda of Thornhill, McLaren Vancouver, Pfaff BMW, Pfaff Subaru, Porsche Centre Markham, and Volkswagen of Newmarket.
The increase in BEV sales is attributed to the expiration of federal EV tax credits, which has shifted consumer purchasing behavior. Lithia also announced that 20 of its U.S. dealerships were named to Automotive News’ 2025 Best Dealerships To Work For list, underscoring its commitment to employee culture across its network. The acquired Hyundai dealerships were previously operated by local independent owners.
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