Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
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The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.
The typical dealership generated $785,855 in pretax profit, according to the association’s annual performance report, which showed strong gains in F&I and service-contract dollars.
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