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 in April sold a Honda dealership in Texas and it sold a California Stellantis store in March. In January, Lithia closed its BMW of Utica dealership in New York.
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.