Lithia MotorsLithia 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 »
Public groups plan U.S. acquisition blitz 12:01 am U.S. ET | Feb. 25, 2013  Despite forays into overseas markets by Group 1 Automotive Inc. and Penske Automotive Group, public retailers intend to roll full speed ahead on U.S. acquisitions this year.... Read More »
Lithia reports big earnings, outlines aggressive growth plans 10:33 am U.S. ET | Feb. 20, 2013 Lithia Motors executives said today that they expect the dealership group to increase annual revenue by 10 to 15 percent in coming years through dealership acquisitions. To reach that goal, they said, Lithia will have to look beyond its traditional western U.S. base for acquisition targets.... Read More »
Lithia goal: Add dealerships, boost revenue 12:01 am U.S. ET | Feb. 18, 2013  Lithia Motors Inc. says it will grow in size and revenue this year.... Read More »
Lithia sweeps Shareholder Value retailer awards 12:01 am U.S. ET | Feb. 8, 2013 Lithia Motors Inc. again swept the retailer category in the annual Global Automotive Share-holder Value Awards in January. Lithia Motors' return to shareholders topped that of all public auto dealership groups in two time-frame categories. Lithia returned 74 percent in 2012 and almost quintupled over three years, according to the Shareholder Value Index developed jointly by Automotive News and PwC.... Read More »
Lithia expects more market share 12:01 am U.S. ET | Jan. 28, 2013  Lithia Motors Inc. expects its 2013 total revenue from sales of new and used vehicles as well as fixed operations to grow this year.... Read More »
Penske, Group 1, Lithia shares rise to records after analyst report 4:55 pm U.S. ET | Jan. 23, 2013 Penske Automotive Group, Group 1 Automotive, and Lithia Motors reached record prices after a KeyBanc Capital Markets report about the auto retailers cited a "confident" outlook on vehicle sales in the United States. Penske gained 4.2 percent to $32.32 at the close in New York, the highest since its 1996 initial public offering.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Amid home-market turmoil, Europeans top shareholder value 8:38 pm U.S. ET | Jan. 16, 2013 Two German automakers and two European suppliers have delivered the best shareholder return in the industry this year, despite troubling economic conditions in Europe. For the past 12 months, Volkswagen AG provided the best shareholder value of any automaker, returning 64.5 percent to investors, according to the latest Automotive News/PwC Global Automotive Shareholder Value Index.... Read More »
|
|  | ||||
Special Report
 Dealer aims to create a 'place of delight'Bernie Moreno has expanded the suburban Cleveland-based Collection Auto Group from a single store in 2005 to 21 dealerships today. Mon., December 9» Watch the Video |
- CFO
DHG Search Advisors -- Tennessee, United States - Finance Producer
Ira Toyota Danvers -- Danvers, Massachusetts, United States
News by Brand
