'It's just scale': Local mom-and-pop car dealerships are growing or dying amid industry consolidation, rise of mega-retailers [MSNBC.com]
Lithia Motors, Inc. (LAD)
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Source: MSNBC.com
Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership's logo.Courtesy Sylvester ChevroletDerek Sylvester's father built the family's original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972.The store and family have been a pillar of the village, outside Scranton, ever since. That was until late last month, when Sylvester and his family closed a deal to sell Sylvester Chevrolet to a New York-based dealer group."As a family, we decided this might be the time," said Sylvester, who at 67 has been contemplating retirement. "Unless you're a larger store, a much larger store, it's a little bit harder to make money. ... It's just scale."Many of Sylvester's family members plan to continue working at the dealership, but he said they didn't feel they were in a position to continue running the business amid the rapidly changing automotive retail landscape in the U.S. The industry is facinga tumultuou
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- ‘It's just scale': Local mom-and-pop car dealerships are growing or dying amid industry consolidation, rise of mega-retailers Stock chart icon Lithia Motors Inc LAD : NYSE Last | 04/17/26 EDT 282.76 -0.28 ( -0.10% ) 283.04 +8.17 ( +2.97% ) Close DealersAcquire Media Monitor
- What Does Benchmark Think About Lithia Motors (LAD) Stock Now? [Yahoo! Finance]Yahoo! Finance
- Lithia Motors (LAD) had its price target lowered by JPMorgan Chase & Co. from $335.00 to $320.00. They now have a "neutral" rating on the stock.MarketBeat
- Lithia Motors (LAD) had its price target lowered by Bank of America Corporation from $335.00 to $320.00.MarketBeat
- Lithia Motors (LAD) had its price target lowered by Wells Fargo & Company from $355.00 to $293.00. They now have an "equal weight" rating on the stock.MarketBeat
LAD
Earnings
- 2/11/26 - Miss
LAD
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/13/26 - Form 4
- 3/12/26 - Form 144
- LAD's page on the SEC website