Lithia & Driveway

About Lithia & Driveway

Lithia Motors, Inc. is one of the largest automotive group retailers in the United States, among the fastest growing companies in the Fortune 500, with 449 stores globally. They offer a wide selection of new and used vehicles across 52 brands, provide auto repair services, and are committed to giving back to local communities.

Products & Services

New Vehicles:A selection of tens of thousands of new SUVs, trucks, cars, and fuel-efficient vehicles across 52 brands at hundreds of locations nationwide.

Used Vehicles:A variety of affordable used cars, SUVs, trucks, vans, crossovers, luxury pre-owned vehicles, and commercial haulers known for quality.

Certified Pre-Owned Vehicles:Like-new vehicles with the latest features, low miles, newest styling, combining pre-owned pricing with new car perks.

Electric & Hybrid Vehicles:GreenCars initiative offering electric and hybrid vehicles, research, learning resources, and EV charging information.

Auto Repair and Parts Centers:Factory-trained technicians providing quality vehicle service and repairs using OEM parts and accessories at various locations.

Financing Services:Auto financing options and pre-approval processes to secure car loans for customers at dealerships nationwide.

Online Car Buying:Option to buy, sell, and service cars online through Driveway.com, a dedicated platform for convenient transactions.

Specialties

New and Used Vehicle Sales Certified Pre-Owned Vehicles Electric and Hybrid Vehicles Auto Repair and Maintenance Auto Financing

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 500000000 MR: - FA: $500 million FAN: 500000000	D: 2025-09-03 FD: 2025-09-03	-
2	RT: Debt T: - FT: Debt	A: 600000000 MR: - FA: $600 million FAN: 600000000	D: 2025-09-03 FD: 2025-09-03	-

Debt Latest

2025-09-03

$500.0M

Debt 2025-09-03

$600.0M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

W

Walt DeBoer

Founder

S

Sid

D

Dick Heimann

Recent News

Lithia & Driveway Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised