- Airstream Adventures adds new, high-value customers to LAD's
portfolio of businesses
- LAD, the largest new automotive retailer in the U.S. with
nationwide coverage, can now combine its innovative and
technology-enhanced customer experience with the Airstream
Adventures Total Guest Experience
- Airstream Adventures is consistent with LAD's vision to provide
personal transportation solutions wherever, whenever, and however
consumers desire
MEDFORD,
Ore., Oct. 20, 2022 /PRNewswire/ -- Lithia &
Driveway (NYSE: LAD) today announced it has acquired Airstream
Adventures, the largest Airstream dealer group in the nation for
the iconic "silver bullet" Airstream travel trailer. Airstream
Adventures is headquartered in Portland,
Oregon with locations throughout the Pacific Northwest and
Northern California in key markets
including Portland, Seattle, Boise, Spokane, San
Francisco, and Morgan
Hill.
The acquisition includes Ultimate Airstreams, their custom
Airstream upfitter as well as all six Airstream Adventures stores
in Oregon, Washington Idaho and
California and marks Lithia &
Driveway's entrance into the luxury recreation vehicle market.
Ted Davis, Founder of Airstream
Adventures, and team will join Lithia & Driveway.
We are delighted to welcome the Airstream Adventures stores and
its founder, Ted Davis, to our
growing Lithia & Driveway family," said Bryan DeBoer, Lithia & Driveway President
and CEO. "Ted and his high performing team have done an exceptional
job building the nation's largest exclusive dealer group. We are
committed to becoming a steward of the iconic Airstream brand,
ensuring that consumers will continue to create memories and
adventures that last for generations."
With shared core values, the Airstream Adventures' culture and
our team members remain dedicated to providing the Total Guest
Experience, a comprehensive offering including sales, service,
parts, customization, storage (where available), education and
exclusive camping events.
Both companies have been around for decades and share a storied
brand legacy, heritage and history in Oregon and the greater Pacific Northwest, with
Airstream celebrating 90+ years and Lithia's family-owned business
of 75+ years.
"Lithia & Driveway's expertise in the automotive retail
environment as the nation's largest automotive retailer will
provide Airstream Adventures access to the industry's best
practices allowing us to earn guests for life" said Ted Davis, Founder of Airstream Adventures. "In
addition to our shared core values, Lithia & Driveway, and
Airstream Adventures, both being home-grown Oregon companies, make for perfect cultural
synergies."
The mission of Airstream is to create well-designed,
high-quality products that allow people to follow their dreams and
explore the world in home-like comfort. Airstream aims to increase
its brand appeal with the recent introductions of the BaseCamp
compact trailer and the Rangeline Adventure Van.
Airstream Adventures was founded in 2010 by Ted Davis, Parker
Johnstone and John Dimmer and
is the largest airstream dealership group in the world and the
Pacific Northwest's only exclusive Airstream retailer.
About Lithia & Driveway
(LAD)
LAD is a growth company focused on profitably consolidating the
largest retail sector in North
America through providing personal transportation solutions
wherever, whenever, and however consumers desire.
Sites
www.lithia.com
www.investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com
www.airstreamadventures.com
Lithia & Driveway on
Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ
Lithia & Driveway on
Twitter
https://twitter.com/lithiamotors
https://twitter.com/DrivewayHQ
https://twitter.com/GreenCarsHQ
Airstream Adventures on
Facebook
https://www.facebook.com/AirstreamAdventuresNorthwest
Airstream Adventures on
Instagram
https://www.instagram.com/airstream_adventures_llc/
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SOURCE Lithia Motors, Inc.