Lithia Motors

Lithia Motors Sets Earnings Record

By Jim McCoy Wed 23rd October Newsauto salesLithia Motors
Medford-based car dealer Lithia Motors is reporting record earnings for third quarter. The nation’s 9th-largest auto retailer made $29.6 million- a record quarter for Lithia, which was founded in 1946. That’s $6 million more than Lithia made during the same time period last year- a 27 percent increase comparing year over year.

Lithia's Quarterly Report Reflects Strength

By Jim McCoy Wed 24th July NewsBryan DeBoerLithia Motors
For the first time in the company's 68-year history, Medford-based Lithia Motors is reporting a billion dollars in quarterly revenue. Their 2nd quarter report was issued this morning. Same store new and used vehicle sales grew by 19 percent. The adjusted net income from operations in the quarter was $25.3 million, or $0.97 per undiluted share.Read More »

Lithia Reports Good News on Corporate Earnings

By Jim McCoy Wed 20th February NewsBusiness newsLithia Motors
Medford-based auto retailer Lithia Motors reported during their quarterly conference call that they experienced a 52 percent jump in earnings for the fourth quarter from $12.7 million to $19.3 million. Healthy increases in sales were seen in both new and used vehicles sales- 31 percent for new, and 20 percent for used, says company president Bryan DeBoer. Continued growth is expected for 2013.

Lithia Motors Reports Record Second Quarter

By Jim McCoy Wed 25th July Business newsLithia Motors

Lithia Motors is reporting record quarterly earnings in a report released this morning. During the second quarter this year, the auto retailer reported $20.5 million in revenue, up substantially from $14.7 million at the same time last year.Read More »

Lithia Motors Reports Record First Quarter

By Jim McCoy Wed 25th April NewsautomotiveeconomyLithia Motors

Lithia Motors is reporting record first quarter profits- $15.8 million for the first three months of 2012, signaling a continuing recovery for the automotive industry. March proved to be an especially strong month, with Lithia CFO Chris Holzshu observing the best month the company has had since 2005.Read More »

Lithia Announces New Credit Agreement

Lithia Motors is announcing they have completed a new 650-million dollar 5-year revolving credit facility with 10 institutions. The Medford-based auto retailer says this will provide money for new and used vehicle inventory, plus funds for general corporate purposes.Read More »

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