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Lithia Motors

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.

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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.

The Warranty Group, Lithia Motors Extend Service Contract Deal

The Warranty Group Inc. announced that Lithia Motors has extended its agreement with the F&I product provider and will continue offering The Warranty Group’s service contract offerings.

Lithia Motors Posts $9.1 Million in 1Q Income

Lithia Motors Inc. reported on Wednesday adjusted first quarter 2011 net income from continuing operations of $9.1 million, up from $2.3 million in the year-ago period.

Lithia Motors Posts 3Q Profit

Lithia Motors Inc. posted a third-quarter profit of $7 million from continuing operations, an increase from the $2.5 million recorded in the year-ago period.

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Lithia Motors Reports Profitable Second Quarter

Lithia Motors Inc. announced that net income from continuing operations in the second quarter of 2009 was $4.1 million, compared to net loss from continuing operations of $201.2 million.

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