Lithia buys Clovis dealership
Medford auto retailer Lithia Motors said Friday it has acquired Harris Nissan in Clovis, Calif.
The store will be renamed Lithia Nissan of Clovis and will add $25 million in estimated annual revenues to the $3 billion company.
"Lithia Nissan of Clovis will complement our Fresno location as we cluster locations in the greater Fresno market area," President and CEO Bryan DeBoer said.
Lithia has purchased several other dealerships this year. Last week, Lithia closed on its largest-ever acquisition, a $362.5 million purchase of DCH Auto Group Inc. In June it acquired a pair of Portland-area General Motors dealerships, two weeks after selling a Mercedes-Benz shop just south of Portland. Lithia ranks No. 8 on the Automotive News list of the top 125 U.S. dealership groups, with retail sales of 67,177 new vehicles in 2013. It operates 129 stores in 14 states.