Canada had been described as Lithia Motors Inc.'s No. 1 expansion target. The publicly traded dealership group made its first acquisition there last week.
Editor's note: This story was updated after Lithia on Sept. 7 shared new information about its ownership stake in the Pfaff operations.Lithia Motors Inc.'s expansion to Canada last week positions other U.S. dealership groups to follow the rapidly growing megadealer north.The second-largest dealership group in the U.S.—acquired Canadian retailer Pfaff Automotive Partners—on Aug. 30, giving Lithia its first international outposts, with stores in Toronto and Vancouver. Lithia CEO Bryan DeBoer had previously described Canada as the group's "No.1 target."
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