Lithia Profits, Revenue Increase in 1st Quarter

Lithia Auto Stores

Auto Remarketing - April 27, 2011

Lithia Motors record­ed first-quar­ter earn­ings that near­ly quadru­pled the year-ago sum, enjoyed a 45-per­cent spike in new-vehi­cle rev­enue and also notched dou­ble-dig­it increas­es in used, F&I and service/body/parts rev­enues. Lithia’s first-quar­ter net income from con­tin­u­ing oper­a­tions came in at $9.1 mil­lion, up from $2.3 mil­lion in the year-ago peri­od.