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Lithia Motors

Lithia Motors to Acquire DCH Auto

Lithia will acquire 100% of DCH Auto Group Inc.'s outstanding shares, bringing together two of the largest dealer groups in the nation.

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Lithia Posts Record Revenues for 2013

The company’s revenues exceeded $1 billion in the fourth quarter and $4 billion for the full year. Its F&I operations also posted increases in F&I penetrations and profit per retail unit.

Lithia Headquarters Awarded Silver LEED Certification

The building housing Lithia Motors’ headquarters was awarded Silver LEED Certification by the U.S. Green Building Council. The building, completed in August 2012, contains environmentally-sustainable building products, furniture and furnishings.

Public Groups Report Solid F&I Performance for Q3

Lithia officials said the group is focused on increasing F&I performance, while officials with Sonic announced the launch of a new initiative that will have “guest advocates” handle transactions from start to finish. Asbury reported a per-copy average of $1,305 during the third quarter.

Major Dealer Groups Prepare to Top Records Set in 2012

Most of the major dealer groups posted big gains in the fourth quarter and for the full-year 2012. One group reached an all-time high of $1,215 in F&I gross profit per retail unit.

Profits Rise 48 Percent for Lithia

Lithia reported higher profits and revenues for the third quarter. Highlights include a 36.4 percent increase in F&I revenues.

Profits Rise for Lithia, Group 1

F&I performance helped both dealer groups realize strong profit gains in the second quarter, with Group 1 realizing another record-setting quarter in finance and insurance.

Lithia Reports Doubled Earnings in 2011

Lithia Motors Inc. reported the highest fourth quarter net income in company history, and more than doubled earnings for the fourth quarter and full-year 2011 vs. last year.

Lithia Motors Completes New $200 Million Credit Agreement

Lithia Motors Inc.’s new $200 million three-year revolving syndicated credit facility will provide $100 million for new-vehicle floorplan financing and $100 million for general corporate purposes.

Lithia Named 2011 F&I Dealer of the Year

F&I and Showroom magazine named Lithia Motors Inc. as its 2011 F&I Dealer of the Year. The award was presented to Steve Justice, the organization’s F&I training manager, at the magazine’s Industry Summit 2011.