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+--- Thread: Automotive News Lithia's Q1 net income drops 33 percent on lower gross profits per vehicle (/showthread.php?tid=3949)
Lithia's Q1 net income drops 33 percent on lower gross profits per vehicle - Automotive News - 04-19-2023
Lithia's Q1 net income drops 33 percent on lower gross profits per vehicle
<p>Lithia Motors, which surpassed AutoNation Inc. in new vehicles sold in 2022 to take the No. 1 spot, said new- and used-vehicle sales were up in the first quarter, but average gross profits per retail unit for new and used vehicles fell.</p>
https://www.autonews.com/dealers/lithias-first-quarter-net-income-slips