Stop-sale backlog hits public groups' earningsMon, 02, May 2016
Several publicly traded dealership groups noted that cars and truck languishing for months on their lots under stop-sale orders due to recalls hurt their first-quarter earnings. The problem could linger into 2017.
Why Lithia plans to ratchet up tech hiresMon, 02, May 2016
Lithia Motors expects its service and parts business -- both warranty and customer-pay -- to rise due to the back-up of recalled vehicles and the increased number of cars on the road.
Lithia Q1 net eases 0.9%; revenue up 11%Thu, 21, Apr 2016
Lithia Motors' net income eased 0.9 percent to $40.3 million in the first quarter from a year earlier, even as revenue grew in almost all operations, the dealership group said today.