Wednesday, July 20, 2022

Lithia's Q2 net income rises despite drop in new-vehicle sales

Lithia's Q2 net income rises despite drop in new-vehicle sales https://ift.tt/ZseOWS7

Despite a decline in new-vehicle sales, Lithia Motors Inc.'s second-quarter net income increased thanks to higher used-vehicle sales and double-digit percentage gains in gross profit per new vehicle, finance and insurance revenue and climbing average vehicle selling prices for both new and used vehicles.

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