Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is proud to represent Lithia & Driveway (NYSE: LAD) on the sale of Carson Nissan in Carson, California to David Massoudi of Mass Auto Group.
Lithia & Driveway started from humble beginnings when Walt DeBoer founded a Chrysler-Plymouth-Dodge dealership in Ashland, Oregon in 1946. Walt’s son, Sid DeBoer, transformed the dealership group into Lithia Motors, Inc., a publicly traded company in 1996. Now a third-generation company, Lithia & Driveway is run by Sid’s son, Bryan DeBoer, CEO & President, and ranked #1 on the 2024 Automotive News Top 150 Dealership Groups based on 2023 new vehicle retail sales units.
Director of Network Development for Lithia & Driveway, Matt Whitmer commented, “When we decided to divest our Carson Nissan dealership, Jason Stopnitzky at Performance Brokerage Services helped us quickly identify a qualified buyer. Jason genuinely cares about his clients, which was apparent through the support he provided. Jason is an excellent communicator and kept everyone informed and engaged throughout the process. We look forward to working with Jason and the entire team at Performance Brokerage Services again in the future.”
Mass Auto Group operates six dealerships across Southern California, representing Nissan, Chrysler, Dodge, Jeep, and RAM. David Massoudi, President of Mass Auto Group shared, “Honesty, knowledge, and integrity are very important attributes one must have in any business. I have worked with Jason Stopnitzky on several deals, and it has truly been a pleasure working with him on every level. He anticipates every element of a deal and addresses them in advance in an incredibly honest and seamless way. I will continue to work with him on my future deals. It’s been a great experience working with Performance Brokerage Services and I would recommend this company regardless of whether you are on the buyer or seller side.”
Over the last 5 years, Performance Brokerage Services has advised on the sale of over 300 dealerships, making it the highest volume dealership brokerage firm in North America. Jason Stopnitzky, Co-Founder of Performance Brokerage Services was the exclusive sell-side advisor for this transaction.
Jason Stopnitzky commented, “This marks our second transaction with David Massoudi and Mass Auto Group in 2024, as well as our second dealership sale for Lithia & Driveway this year. It has been a privilege to work alongside such dynamic teams, and this deal further strengthens our longstanding relationships with both Lithia and Mass Auto Group. With more than 30 successful transactions completed with Lithia over the years, we remain committed to delivering exceptional value and strategic opportunities for our clients.”
Carson Nissan will remain at its current location at 1505 East 223rd Street in Carson, California.
