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Lithia's Q2 net jumps 34% on DCH purchase

2015-07-23 08:09:51| Auto Dealers - Topix.net

Lithia Motors Inc.'s second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and used-vehicle sales volumes. Lithia's net income surged 34 percent to $51.2 million in the second quarter from a year earlier, as revenue climbed 63 percent to $2 billion, Lithia, of Medford, Ore., said it was helped by a stronger performance in all areas of the business: new vehicles, used vehicles, parts and service, and finance and insurance.

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