
Lithia UK
Leading UK automotive retail group representing 30 brands.
Date | Investors | Amount | Round |
---|---|---|---|
* | $76.5m | Acquisition | |
Total Funding | 000k |
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Lithia UK operates as a premier automotive retailer across the United Kingdom, representing an extensive portfolio of approximately 30 vehicle brands. The company manages a widespread network of over 170 stores, making it a significant entity in the UK's automotive retail sector. It is the UK-based subsidiary of Lithia & Driveway (NYSE: LAD), one of the largest global automotive retailers, which expanded into the UK market by acquiring Jardine Motors Group in 2023. This acquisition positioned Lithia & Driveway as the third-largest automotive retailer in the UK.
The company's business model is centered on the sale of new and used vehicles, in addition to providing associated services such as maintenance, repair, and parts. Lithia UK serves a broad customer base, ranging from individual consumers to corporate clients, offering a diverse selection of vehicles from various manufacturers. The operational strategy is guided by a mission described as “Growth Powered by People,” emphasizing employee development and customer service excellence.
Historically, the entity now known as Lithia UK was Jardine Motors Group, a company with a long-standing presence in the UK automotive market. The rebranding to Lithia UK followed the acquisition, aligning the UK operations with the parent company's global brand identity. Neil Williamson serves as the Regional President for Lithia UK, having previously held the position of CEO at Jardine Motors Group. Lithia & Driveway, the parent company, was founded by Walt DeBoer in 1946 in Ashland, Oregon, and has since grown into a Fortune 500 company through a consistent strategy of acquiring and integrating auto dealerships.
Keywords: automotive retail, car dealership, vehicle sales, UK automotive market, new cars, used cars, auto services, Jardine Motors Group, vehicle maintenance, multi-brand retailer