Dave Cantin Group Advises Lithia & Driveway on Sale of Downtown LA Audi and Volkswagen Dealerships

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Summary · why it matters

Dave Cantin Group advised Lithia & Driveway on the sale of Audi Downtown LA and Volkswagen of Downtown LA to Grace Motorcars, LLC, in a deal that closed Sept. 28. DCG Managing Director Anthony Holbrook provided exclusive sell-side advisory services on the transaction, drawing on his previous 20 years with Audi and his relationships with luxury dealership owners and operators across the Western United States. The Downtown Los Angeles property had previously been shared by Audi, Volkswagen and Porsche, but Porsche moved to a new facility across the street earlier this year, leaving a vacant showroom and a property built for three franchises for a buyer of two to manage. Holbrook, who previously served as Audi's national franchise manager and area director in the Pacific Southwest, said DCG identified Grace Motorcars as an operator that wanted to grow with Audi and could see the value of two high-volume dealerships, following the buyer's early success at West Covina. DCG has worked with Lithia & Driveway on acquisitions and divestitures since 2019, including the sale of its Morgantown, West Virginia, dealerships and its two California Lexus stores, as well as acquisitions of Curry Honda Atlanta, Henderson Hyundai Superstore/Genesis and three West Palm Beach dealerships.

Impact on assets 5

Consumer Discretionary▲ · 3 stocks
Lithia Motors Inc
LAD
± MixedCapitalrelevance

Lithia & Driveway divested its Audi and Volkswagen Downtown LA dealerships via a sale advised by DCG, a portfolio restructuring event.

Electrification & Mobility▲ · 2 stocks

Off-coverage companies 7

Dave Cantin GroupPrivate▲ Positive
Capitalrelevance

Dave Cantin Group provided exclusive sell-side advisory services on the dealership sale, generating advisory business.

Grace Motorcars, LLCPrivate▲ Positive
Capitalrelevance

Grace Motorcars acquired Audi Downtown LA and Volkswagen of Downtown LA, expanding its dealership footprint.

Audi AGPrivate± Mixed
relevance

Audi Downtown LAPrivate± Mixed
relevance

Curry Honda AtlantaPrivate± Mixed
relevance

Henderson Hyundai Superstore/GenesisPrivate± Mixed
relevance

Volkswagen of Downtown LAPrivate± Mixed
relevance

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