{"id":525831,"date":"2021-08-10T07:18:12","date_gmt":"2021-08-10T11:18:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/"},"modified":"2021-08-10T07:18:12","modified_gmt":"2021-08-10T11:18:12","slug":"driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/","title":{"rendered":"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MEDFORD, Ore.<\/span>, <span class=\"xn-chron\">Aug. 10, 2021<\/span> \/PRNewswire\/ &#8212; Lithia &amp; Driveway (NYSE: LAD) reported transaction volume acceleration and are exceeding mid-year projections. Driveway reported 800 transactions in the month of July, compared to 550 in June, a 45% increase month-over-month. The company is now pacing nearly 10,000 annual transactions and one large step closer to the year-end run rate target of 15,000.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1476804\/Lithia_Driveway_Combo_FINAL_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1476804\/Lithia_Driveway_Combo_FINAL_Logo.jpg\" title=\"Lithia &amp; Driveway (PRNewsfoto\/Lithia Motors, Inc.)\" alt=\"Lithia &amp; Driveway (PRNewsfoto\/Lithia Motors, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;Our omni-channel approach is proving to be a welcome\u00a0solution\u00a0providing\u00a0consumers choices of\u00a0when, where and how they transact.\u00a0With Driveway, we gain an incremental channel to reach consumers\u00a0seeking a more convenient,\u00a0shop,\u00a0sell\u00a0and\u00a0service\u00a0online\u00a0and in-home\u00a0experience. Driveway\u00a0leverages our\u00a0existing\u00a0strengths\u00a0of the\u00a0network,\u00a0inventory\u00a0and\u00a0personnel\u00a0to a whole new level, translating into more sales and robust customer loyalty through\u00a0our first national\u00a0brand,&#8221; said\u00a0Bryan\u00a0DeBoer, President and CEO of Lithia &amp; Driveway.\u00a0<\/p>\n<p>In addition to Driveway&#8217;s\u00a0growing\u00a0presence, LAD\u00a0further\u00a0expanded\u00a0in\u00a0one\u00a0of the top markets in the United States\u00a0with\u00a0the addition of\u00a0two new\u00a0open points.\u00a0<\/p>\n<p>The addition of Grapevine Honda with new partner <span class=\"xn-person\">Jessie Armstead<\/span>, former NFL NY Giants star linebacker, adds to the <span class=\"xn-location\">Dallas\/Fort Worth<\/span> market. Additionally, LAD purchased the newly opened Kia of <span class=\"xn-location\">Frisco<\/span> location. With these additions, LAD&#8217;s network in <span class=\"xn-location\">Texas<\/span> totals 32 stores. &#8220;Our track record of high performance underpins our relationships with our manufacturer partners, and we appreciate their continued trust in our ability to meet customer needs and grow market share,&#8221; said DeBoer.<\/p>\n<p>LAD\u00a0is\u00a0outpacing\u00a0its\u00a05-Year\u00a0Plan\u00a0to achieve\u00a0$50 billion in revenue\u00a0and\u00a0$50 in earnings per share (EPS)\u00a0by 2025.\u00a0Lithia &amp; Driveway\u00a0has\u00a0acquired\u00a0and opened\u00a0$4.8\u00a0billion in\u00a0total annualized revenues\u00a0in\u00a02021,\u00a0achieving\u00a041% of the\u00a0network expansion\u00a0portion\u00a0of\u00a0its\u00a05-Year Plan.\u00a0These purchases were financed using existing on-balance sheet capacity.\u202f\u00a0<\/p>\n<p>\n        <b>About Lithia\u202f&amp; Driveway\u202f(LAD)<\/b>\u202f\u202f\u00a0<\/p>\n<p>LAD is a growth company powered by people and innovation with a 5-Year\u202fPlan to profitably consolidate the largest retail sector in the country. As the leading provider of personal transportation solutions in <span class=\"xn-location\">the United States<\/span>, LAD is\u202famong the fastest-growing companies in the Fortune\u202f500\u202fand is currently ranked #231\u202f(#2\u202fon 10-Year EPS Growth, #3\u202fon 10-Year TSR and\u202f#12 on 10-year Revenue growth\u202fin 2021).\u202fBy providing a wide array of products and services for the entire vehicle ownership lifecycle through various consumer channels, they build magnetic brand loyalty. Operational excellence is achieved by focusing the business on convenient and transparent consumer experiences supported by proprietary data science to improve market share, consumer loyalty and profitability. LAD&#8217;s omni-channel strategy will continue to pragmatically disrupt the industry by leveraging experienced teams, vast owned inventories, technology, and physical network. Continuing to lead the industry&#8217;s consolidation and Driveway&#8217;s e-commerce in-home experiences further accelerates the massive regenerating capital engine.\u202fTogether, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.\u202f\u202f\u202f\u00a0<\/p>\n<p>\n        <b>Sites:<\/b>\u202f\u00a0 <br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lithia.com%2F&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=www.lithiamotors.com&amp;index=2&amp;md5=95eee60c8b13c8fcfb37604ccd84b6b6\" rel=\"nofollow noopener\">www.lithiamotors.com<\/a>\u202f\u00a0 <br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lithiainvestorrelations.com&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=www.lithiainvestorrelations.com&amp;index=3&amp;md5=0e8a3ef6a0ca745fe750497a441e6fa7\" rel=\"nofollow noopener\">www.lithiainvestorrelations.com<\/a>\u202f\u00a0 <br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.lithiacareers.com&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=www.lithiacareers.com&amp;index=4&amp;md5=ae104614e9a02d4d8186c89e024c019c\" rel=\"nofollow noopener\">www.lithiacareers.com<\/a>\u202f\u00a0 <br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.driveway.com&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=www.driveway.com&amp;index=5&amp;md5=d7fa1fddc68e8ddf6aa14d73ba6643ed\" rel=\"nofollow noopener\">www.driveway.com<\/a>\u202f\u00a0<\/p>\n<p>\n        <b>Lithia &amp; Driveway on Facebook<\/b>\u202f\u00a0 <br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2FLithiaMotors&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.facebook.com%2FLithiaMotors&amp;index=6&amp;md5=219aceb72faca8edb43c96bf76f7cce3\" rel=\"nofollow noopener\">http:\/\/www.facebook.com\/LithiaMotors<\/a>\u202f\u00a0<br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2FLithiaMotors&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.facebook.com%2FLithiaMotors&amp;index=6&amp;md5=219aceb72faca8edb43c96bf76f7cce3\" rel=\"nofollow noopener\">http:\/\/www.facebook.com\/DrivewayHQ<\/a>\u00a0<\/p>\n<p>\n        <b>Lithia &amp; Driveway on Twitter<\/b>\u202f\u00a0<br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Ftwitter.com%2Flithiamotors&amp;esheet=52305326&amp;newsitemid=20201013005429&amp;lan=en-US&amp;anchor=http%3A%2F%2Ftwitter.com%2Flithiamotors&amp;index=7&amp;md5=d629f3bac94cc2f850ef47c6cb18864c\" rel=\"nofollow noopener\">http:\/\/twitter.com\/LithiaMotors<\/a>\u202f\u00a0 <br \/><a target=\"_blank\" href=\"http:\/\/twitter.com\/DrivewayHQ\" rel=\"nofollow noopener\">http:\/\/twitter.com\/DrivewayHQ<\/a> \u00a0\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF70278&amp;sd=2021-08-10\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points-301351739.html\">https:\/\/www.prnewswire.com\/news-releases\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points-301351739.html<\/a><\/p>\n<p>SOURCE  Lithia Motors, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF70278&amp;Transmission_Id=202108100715PR_NEWS_USPR_____SF70278&amp;DateId=20210810\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MEDFORD, Ore., Aug. 10, 2021 \/PRNewswire\/ &#8212; Lithia &amp; Driveway (NYSE: LAD) reported transaction volume acceleration and are exceeding mid-year projections. Driveway reported 800 transactions in the month of July, compared to 550 in June, a 45% increase month-over-month. The company is now pacing nearly 10,000 annual transactions and one large step closer to the year-end run rate target of 15,000. &#8220;Our omni-channel approach is proving to be a welcome\u00a0solution\u00a0providing\u00a0consumers choices of\u00a0when, where and how they transact.\u00a0With Driveway, we gain an incremental channel to reach consumers\u00a0seeking a more convenient,\u00a0shop,\u00a0sell\u00a0and\u00a0service\u00a0online\u00a0and in-home\u00a0experience. Driveway\u00a0leverages our\u00a0existing\u00a0strengths\u00a0of the\u00a0network,\u00a0inventory\u00a0and\u00a0personnel\u00a0to a whole new level, translating into more sales and robust customer loyalty through\u00a0our first national\u00a0brand,&#8221; said\u00a0Bryan\u00a0DeBoer, President and CEO of Lithia &amp; Driveway.\u00a0 In addition &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-525831","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MEDFORD, Ore., Aug. 10, 2021 \/PRNewswire\/ &#8212; Lithia &amp; Driveway (NYSE: LAD) reported transaction volume acceleration and are exceeding mid-year projections. Driveway reported 800 transactions in the month of July, compared to 550 in June, a 45% increase month-over-month. The company is now pacing nearly 10,000 annual transactions and one large step closer to the year-end run rate target of 15,000. &#8220;Our omni-channel approach is proving to be a welcome\u00a0solution\u00a0providing\u00a0consumers choices of\u00a0when, where and how they transact.\u00a0With Driveway, we gain an incremental channel to reach consumers\u00a0seeking a more convenient,\u00a0shop,\u00a0sell\u00a0and\u00a0service\u00a0online\u00a0and in-home\u00a0experience. Driveway\u00a0leverages our\u00a0existing\u00a0strengths\u00a0of the\u00a0network,\u00a0inventory\u00a0and\u00a0personnel\u00a0to a whole new level, translating into more sales and robust customer loyalty through\u00a0our first national\u00a0brand,&#8221; said\u00a0Bryan\u00a0DeBoer, President and CEO of Lithia &amp; Driveway.\u00a0 In addition &hellip; Continue reading &quot;Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-10T11:18:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1476804\/Lithia_Driveway_Combo_FINAL_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points\",\"datePublished\":\"2021-08-10T11:18:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\\\/\"},\"wordCount\":540,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1476804\\\/Lithia_Driveway_Combo_FINAL_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\\\/\",\"name\":\"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/","og_locale":"en_US","og_type":"article","og_title":"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points - Market Newsdesk","og_description":"PR Newswire MEDFORD, Ore., Aug. 10, 2021 \/PRNewswire\/ &#8212; Lithia &amp; Driveway (NYSE: LAD) reported transaction volume acceleration and are exceeding mid-year projections. Driveway reported 800 transactions in the month of July, compared to 550 in June, a 45% increase month-over-month. The company is now pacing nearly 10,000 annual transactions and one large step closer to the year-end run rate target of 15,000. &#8220;Our omni-channel approach is proving to be a welcome\u00a0solution\u00a0providing\u00a0consumers choices of\u00a0when, where and how they transact.\u00a0With Driveway, we gain an incremental channel to reach consumers\u00a0seeking a more convenient,\u00a0shop,\u00a0sell\u00a0and\u00a0service\u00a0online\u00a0and in-home\u00a0experience. Driveway\u00a0leverages our\u00a0existing\u00a0strengths\u00a0of the\u00a0network,\u00a0inventory\u00a0and\u00a0personnel\u00a0to a whole new level, translating into more sales and robust customer loyalty through\u00a0our first national\u00a0brand,&#8221; said\u00a0Bryan\u00a0DeBoer, President and CEO of Lithia &amp; Driveway.\u00a0 In addition &hellip; Continue reading \"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-10T11:18:12+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1476804\/Lithia_Driveway_Combo_FINAL_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points","datePublished":"2021-08-10T11:18:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/"},"wordCount":540,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1476804\/Lithia_Driveway_Combo_FINAL_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/driveway-transacts-800-units-in-july-a-45-increase-month-over-month-and-lad-expands-network-with-open-points\/","name":"Driveway Transacts 800 Units in July, a 45% increase month-over-month and LAD Expands Network with Open Points - 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