Lithia Motors

Lithia, Sonic: Service is key to '14 growth

12:01 am U.S. ET | Feb. 24, 2014
Lithia and Sonic Automotive, the nation's third-largest dealership group, see significant opportunities for revenue growth this year by improving customer experience and increasing customer-pay, as opposed to factory warranty, service business. The dealership groups share a goal, but they have different plans to achieve it.... Read More »

 

Lithia reports 38% rise in Q4 net income on better cost controls

10:49 am U.S. ET | Feb. 19, 2014
Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles.... Read More »

 

Dealer acquisition spend doubles in first 3 quarters

12:01 am U.S. ET | Dec. 30, 2013
Acquisition spending on U.S. dealerships by public retailers more than doubled during the first three quarters of 2013 from the same period in 2012.... Read More »

 

Lithia expands to boost used-car sales

12:01 am U.S. ET | Nov. 25, 2013
Lithia Motors Inc. is focusing on people, property and pro-cesses in its bid to sell an average of 75 used vehicles per store each month. In the third quarter, Lithia sold an average of 57 used vehicles per store per month, up from 52 a year earlier. The company can reach its 75-unit target in "a couple" of years, CEO Bryan DeBoer told Automotive News.... Read More »

 

Used cars, F&I boost public groups' profit

12:01 am U.S. ET | Oct. 28, 2013
Public retailers said last week that profits on used cars and finance and insurance operations drove increases in their third-quarter earnings.... Read More »

 

Lithia Q3 profit, revenue rise on used cars, cost cutting

7:37 am U.S. ET | Oct. 23, 2013
Lithia Motors said today that third-quarter revenue and profit rose on larger used-vehicle profit margins, more service business and cost controls.... Read More »

 

Lithia relaxes grip on store operations

12:01 am U.S. ET | Sept. 9, 2013
Ash Desai calls the shots at the two Lithia Motors Inc. stores he runs.... Read More »

 

Lithia wants its office managers to take on more responsibility

12:01 am U.S. ET | Sept. 9, 2013
As Lithia Motors Inc. decentralizes, it is redefining the office manager's job at most of its 91 stores.... Read More »

 

A HOT STORE BIDDING WAR

With M&A picking up, private groups slug it out with the publics

12:01 am U.S. ET | Aug. 26, 2013
As dealership buy-sells heat up, large privately held dealership groups are bidding aggressively against the large public groups, even for the largest deals.... Read More »

 

Lithia's moving used-car target

12:01 am U.S. ET | Aug. 19, 2013
Lithia Motors Inc. stores hit their target late last year, so Bryan DeBoer promptly raised the ante to 75. He believes the goal can be reached in two to four years.... Read More »

 

Lithia's 3-point plan to boost F&I

12:01 am U.S. ET | Aug. 12, 2013
Public retailer Lithia Motors Inc. increased per-vehicle F&I revenue by 4 percent in the second quarter, to $1,098. And CEO Bryan DeBoer isn't satisfied.... Read More »

 

JAMIE LaREAU

Lithia's challenge: To hire and inspire Gen Y

11:32 am U.S. ET | Aug. 2, 2013
A decade ago, everyone at Lithia Motors worked regular business hours, even on Christmas Eve, recalls CFO Chris Holzshu, an 11-year veteran.... Read More »

 

Automakers deliver 10% quarterly gain in shareholder value

12:01 am U.S. ET | July 29, 2013
Strong product launches and historically low financing rates led to a 10.1 percent increase in shareholder value for global automakers in the second quarter.... Read More »

 

3 public groups post higher profits; Sonic lags

12:01 am U.S. ET | July 29, 2013
Group 1 Automotive Inc., Asbury Automotive Group and Lithia Motors Inc. posted sharply higher revenues and profits for the second quarter, buoyed by strong new-vehicle sales and solid profits from used vehicles, parts and service, and finance and insurance.... Read More »

 

AutoNation joins service tablet trend

12:01 am U.S. ET | July 29, 2013
AutoNation Inc. is launching the use of touchpad tablets in some service lanes to speed customer service and make it more interactive.... Read More »

 

Lithia adds BMW, Honda, VW stores in Oregon to growing roster

6:40 pm U.S. ET | June 10, 2013
Lithia Motors has acquired three new-car dealerships in Oregon that will add $110 million in estimated annual revenues. Lithia said Monday it had purchased the O'Brien Auto Group of Salem in Salem, Ore.... Read More »

 

Public retail groups: 'We're fighting tooth and nail' for margins

12:01 am U.S. ET | May 6, 2013
Profit margins on new vehicles are slipping for the nation's largest dealership groups as manufacturers and retailers slug it out for market share. New-car margins dropped for all the public dealership groups during the first quarter of 2013.... Read More »

 

Dealership groups expected to post first-quarter gains

4:29 pm U.S. ET | April 22, 2013
Dealership groups that announce their first-quarter earnings over the next two weeks should see continued growth as new- and used-car sales outperform 2012 levels, analysts say. Asbury Automotive Group, Sonic Automotive and Lithia Motors release their quarterly reports this week. Penske Automotive Group and Group 1 Automotive report next week.... Read More »

 

FINANCE & INSURANCE

Service lane focus lifts Lithia's F&I sales

12:01 am U.S. ET | April 8, 2013
New software and a boost in spiffs have made it easy -- and lucrative -- for Lithia Motors Inc.'s service advisers to sell extended service contracts and lifetime oil change plans.... Read More »

 

FIXED OPERATIONS

Lithia tests 2 service dept. apps

12:01 am U.S. ET | April 1, 2013
Lithia Motors Inc. is testing two apps for the service department: one that shows customers if their vehicle needs service and another aimed at streamlining communication with customers.... Read More »

 

FINANCE & INSURANCE

Dealers urged to replace loan reserve profit

12:01 am U.S. ET | March 11, 2013
Auto dealers are saying it's urgent to sell more F&I products, such as extended-service contracts, now that the Consumer Financial Protection Bureau seems ready to put stricter limits on how much dealers can earn on customer interest rates, also known as the dealer reserve.... Read More »

 


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