Wilde Automotive Group sells dealership properties for more than $42.8 million

Wilde Automotive Group has sold its dealerships, including Wilde Subaru of Waukesha to Oregon dealership conglomerate Lithia & Driveway. (Photo courtesy of Google Street View)

Wilde Automotive Group, one of Wisconsin’s largest auto dealers, has sold its dealerships to Oregon-based Lithia & Driveway. The real estate was sold for more than $42.8 million, according to state property transfer records.

The sale includes the following dealerships in Milwaukee, Waukesha, and Dane counties:

  • Wilde Toyota, 3225 South 108th, West Allis
  • Wilde Chrysler Dodge Jeep RAM, 1710 Highway 164, Waukesha
  • Wilde Subaru, 1710 Highway 164, Waukesha
  • Wilde Honda, 1603 East Moreland Blvd., Waukesha
  • Wilde East Towne Honda, 5555 High Crossing Blvd., Madison

The dealerships will retain the Wilde brand, but will now be operated by Lithia, which owns and operates 296 dealerships in the U.S. and 14 in Canada.

“We are excited to welcome these high performing teams to our Lithia & Driveway family,” said Bryan DeBoer, president and CEO of Lithia & Driveway in a September press release about the planned acquisitions. “Their continuous pursuit of excellence has earned them numerous awards including the President’s recognitions for both Honda stores and the Toyota store, as well as excellent reputations for serving their customers and communities.”

Sign up for the BizTimes email newsletter

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display