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

GlobeNewswire·1 Oct 2026·

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M&A · Partnership Specialty Retail

LAD ±

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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.

Lithia Motors Inc ±