Lithia Motors
Lithia adds 5 stores, looks to buy more
Aug. 14On the heels of one of its biggest deals yet, Lithia Motors plans to keep up its aggressive acquisition pace.
Lithia positioned to make majority investments in minority dealers
Aug. 14Lithia Motors is looking to buy a majority stake in dealerships run by minority dealers who need an investor's backing.
Lithia's acquisition in Calif. adds $1 billion in revenue
Aug. 8Lithia Motors said it bought Downtown Los Angeles Auto Group, also known as Shammas Automotive Group, adding $1 billion in annual revenue.
Softer sales, margins hit public retailers
July 31Publicly traded auto retailers had to balance gains in used-car sales, finance and insurance revenues and service and parts income against softer new-vehicle sales and margins in the second quarter. Results were mixed.
Lithia's Q2 net rises 3.4% on 16% revenue gain
July 28Lithia Motors said net income rose 3.4 percent in the second quarter on robust service and parts, F&I and acquisition activity. Revenue rose 16 percent.
Lithia's preliminary Q2 results show gains
July 12Lithia Motors released preliminary second-quarter results, projecting increases in revenue and net income because of gains in all major departments.
Public dealership groups still see potential in used vehicles
May 29Publicly traded dealership groups are proceeding with used-only store plans in the face of declining new-vehicle sales, despite shrinking first-quarter used profits.
Lithia's $4 million service-pay settlement ends lawsuit against DCH
May 30Lithia has finally wrapped up lawsuits filed against DCH, which it acquired in 2014, over service technicians' wage-and-hour issues.
Lithia expands into new markets
May 8Lithia Motors' strategy of growing through acquisitions continues to broaden the dealership group's geographic footprint. It just added Pennsylvania to the list of states where it sells cars.
Lithia buys Baierl Auto Group, enters Pittsburgh market
May 1Lithia Motors acquired Baierl Auto Group in Pittsburgh, giving the Oregon dealership group its first retail foothold in Pennsylvania.
Acquisitions fuel 1st-quarter revenue gains for Lithia
April 24Lithia Motors' net income rose 26 percent in the first quarter, on acquisition-powered volume gains in all departments.
Lithia net jumps 26% in Q1 on strong sales by all departments
April 19Lithia Motors said net income increased 26 percent to $50.7 million in the first quarter from the year-earlier period, on volume gains in all aspects of the dealership group's business.
