The Industry's Leading Source For F&I, Sales And Technology

Top News

Lithia Motors Predicts Better Fourth Quarter Results

January 17, 2002

Lithia Motors, Inc. said Jan. 17 that it expects to exceed by at least 30 percent its past guidance of between $0.31 and $0.33 for the fourth quarter 2001.

"Better than expected performance in our core operations, improvements in newly acquired stores, manufacturer incentives and lower interest rates have all benefited the fourth quarter results," said Sidney B. DeBoer, chairman and CEO of Lithia. "These factors combined to produce stronger than expected same-store sales growth."

Lithia Motors will announce results for the fourth quarter and full-year 2001 on Feb. 20.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email: