Lithia Motors

Lithia refocuses on customer-pay work

12:01 am U.S. ET | March 9, 2015

A surge of warranty business largely accounted for Lithia Motors Inc.'s gain in service and parts revenue last year. That's prompting the group to urge store managers to emphasize winning more customer-pay work....
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Lithia Q4 net income jumps 50% as it makes acquisitions top priority

9:38 am U.S. ET | Feb. 25, 2015

Strong sales across all divisions and the integration of its purchase last year of DCH Auto Group pushed Lithia Motors' net income up 50 percent during the fourth quarter....
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Lithia launches pay plan to retain top store managers

12:01 am U.S. ET | Feb. 23, 2015

Lithia Motors Inc. has started a new program that identifies top managers and gives them increased stock ownership in lieu of cash. The goal is to retain top talent and improve store performance, says Lithia CEO Bryan DeBoer....
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Lithia, DCH build on the other's strengths

12:01 am U.S. ET | Feb. 16, 2015

Just over four months after Lithia Motors closed on its deal to buy DCH Auto Group's 27 dealerships, the two groups are busy sharing best practices and instituting a new culture at DCH....
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Benefits of Lithia-DCH deal go beyond numbers, CEO says

12:01 am U.S. ET | Nov. 10, 2014

Before Warren Buffett bought Van Tuyl Group in October, the buy/sell sensation of the year was Lithia Motors' surprise acquisition of DCH in June. Lithia paid $340 million in cash and another $22.5 million in stock for the 27-store group. But did Lithia over- or underpay for DCH?...
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How Lithia plans to pump up profits on its used-car sales

12:01 am U.S. ET | Nov. 3, 2014

Lithia Motors Inc. CEO Bryan DeBoer will launch more training at the dealership group's stores on how to procure used cars that will sell for a fat profit, as he seeks to balance a volume target with profit goals....
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Public retailers say recall will boost business

12:01 am U.S. ET | Nov. 3, 2014

Public retail groups are grappling with how to handle the recall of millions of used cars with faulty airbags....
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Lithia will continue rapid acquisition pace after DCH

9:08 am U.S. ET | Oct. 30, 2014

Lithia Motors will continue its rapid pace of acquisitions over the next year despite just closing a huge deal to buy DCH Auto Group, executives said today. Their remarks came as Lithia reported its third-quarter net income increased 11 percent to $34.5 million....
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Lithia completes purchase of DCH Auto Group

5:48 pm U.S. ET | Oct. 1, 2014

Lithia Motors said it completed the purchase of DCH Auto Group, one of the largest buy-sell deals between dealership groups in recent history....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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