Yesterday I talked about an article in Automotive News discussing Garf Automotives acquisition plans.  And the part in the article that discussed Lithia getting denied the right to purchase a Ford dealership.  I pointed out that this was a concern because I did not understand why Lithia was trying to acquire a Ford dealership and that they were denied.

Sid DeBoer (Lithia's CEO) quickly pointed out to be the part that said it was in 2002 (and he couldn't even confirm the accuracy of the claim.)  2002 was a rough year for the public dealers.  As I recall, Asbury was trying to acquire the Baker group in California.  Ford, which had been getting frustrated with the public dealers (particularly with their resistance to extra inventory,) denied Asbury's right to ...

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Related Companies: Lithia Motors