Lithia Motors buys Ford dealership, sells Toyota store
Lithia, which also has sold several dealerships this year, also divested a Toyota dealership in North Dakota on July 12: Lithia Toyota of Grand Forks. It sold to Rydell Co.
That dealership was renamed Rydell Toyota of Grand Forks. Last fall, Rydell Co. bought CarMax Kenosha Toyota in Wisconsin, the used-vehicle giant’s last new-vehicle dealership.
The Grand Forks sale was the first divestiture since Lithia sold a Subaru store in Montana in May, Tom Dobry, Lithia’s vice president of marketing, confirmed to Automotive News in an email.
Lithia, of Medford, Ore., ranks No. 2 on Automotive News‘ list of the top 150 dealership groups based in the U.S., retailing 260,738 new vehicles in 2021.