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Ford switching employees to iPhones from BlackBerries
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Lithia Motors
Lithia Q2 profits hit record highs 8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls....Read More »
Dealership Buy/Sell 12:01 am U.S. ET | July 21, 2014
This Automotive News feature lists recent dealership acquisitions as reported by brokers, official announcements and news media....Read More »
The DCH deal: How Lithia will absorb its new asset 12:01 am U.S. ET | June 23, 2014
CEO Bryan DeBoer will transform Lithia Motors Inc., the smallest of the publicly traded dealership groups, with his planned purchase of DCH Auto Group Ltd. But it won't be easy....Read More »
New era afoot for dealership M&As? 12:01 am U.S. ET | June 23, 2014
Lithia's purchase of DCH Auto Group will have major implications on the buy-sell market going forward. It could spark more activity, perhaps prompting bigger dealership groups to buy other large groups....Read More »
Dealership buy-sells jump in first quarter 12:01 am U.S. ET | June 23, 2014
Driven largely by private buyers, dealership acquisition activity rose strongly during the first several months of 2014, dealership brokers say in two new reports....Read More »
Wall Street applauds Lithia-DCH deal 4:19 pm U.S. ET | June 16, 2014
Lithia Motors' plans to buy DCH Auto Group were greeted with cheers in the stock market today as publicly traded Lithia's share price jumped 13 percent, or $9.85, to close at an all-time high of $86.53....Read More »
Lithia agrees to buy DCH to create coast-to-coast retail giant 11:37 am U.S. ET | June 15, 2014
Lithia Motors agreed to buy New Jersey-based DCH Auto Group in a combination that would create the fifth-largest auto retailer in the United States with 128 stores. Lithia, in a statement on Sunday, said it would pay about $340 million in cash and another $22.5 million in stock. The transaction is expected to close in the fourth quarter....Read More »
Public retailers want to take the wheel on leads 12:01 am U.S. ET | April 28, 2014
Public dealership groups are moving to improve their own online lead development and reduce reliance on third-party lead providers....Read More »
Lithia reports record Q1 profit, 19% revenue increase 8:38 am U.S. ET | April 24, 2014
Lithia Motors reported record first-quarter income on increased customer-pay service work and an increase in vehicle sales....Read More »
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 »
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