Lithia Motors acquires Harvest Ford in Klamath Falls, OR

[XDCX]

I was somewhat surprised to read that Lithia Motors has acquired Harvest Ford in Klamath Falls, OR.

I wonder if the acquisition is a reflection of Lithia's desire to add more dealers to their group or a reflection that there's not much demand for a single point domestic dealer in a rural community.

To Lithia's credit they seem to do best with domestic stores in rural to mid-size markets and I can't fault them for buying a Ford store.

Who knows, maybe dealers will be able to start talking about the "Blue Sky" value of their stores again one day.
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[XDCX]

[SHACOS]

Here's some more information about the purchase. Seems like Ford may not have agreed with the previous ownership.

http://www.mailtribune.com/apps/pbcs...cid=sitesearch

I think it's a good purchase. Klamath Falls serves ranchers and farmers in a large area from Eastern Oregon to Northern California. No real competitors either.

[XDCX]

Originally Posted by SHACOS

Here's some more information about the purchase. Seems like Ford may not have agreed with the previous ownership.

http://www.mailtribune.com/apps/pbcs...cid=sitesearch

I think it's a good purchase. Klamath Falls serves ranchers and farmers in a large area from Eastern Oregon to Northern California. No real competitors either.

Great information - thanks for the link.

I'm surprised Lithia would buy a store that's been closed for a month but it does seem to be a good fit since K-Falls is so close to their Medford Corporate Headquarters.

Concerning the broker who sold the store, it can't be easy selling a store that's currently closed and has closed down twice in the past four years. Lithia has the capital to run the store until it becomes profitable - seems like a "win-win-win" dealer for the old dealer, Lithia and the K-Falls community.