Lithia Motors

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?...
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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....
Read More »

 

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 »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
How 3 dealerships are connecting with tech-savvy shoppers

How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
» Watch the Video
     
News by Brand