Lithia & Driveway completed the acquisition of Sterling Luxury Group for $210m.

Lithia & Driveway, which retails, finances, and services new and used vehicles, completed the acquisition of Sterling Luxury Group, a provider of a platform to the retail sale of new and used automobiles, for $210m. “Entering our seventh top 10 market in the country further enables LAD to conveniently and affordably serve our customers throughout their complete ownership lifecycle. This acquisition accelerates our unique omni-channel strategy and takes us one large step closer to achieving the year one network growth aspiration of our five-year 50/50 plan,” Bryan DeBoer, Lithia & Driveway President and CEO.