Lithia’s Same-Store Customer-Pay Revenue Rose 7.7% In Q2

Aug 28, 2019

Lithia Motors’ service, body and parts revenue increased 7.7% to $333.50 million in the second quarter of 2019. On a same-store basis, revenue rose 9.7% to $330.20 million, mainly because of a $12.80-million (or 7.7%) increase in customer-pay revenue. Same-store warranty revenue grew 18.8%, wholesale parts revenue increased 4% and body shop revenue grew 7%.

Service, body and parts gross profit rose 10.8% to $170.30 million. On a same-store basis, gross profit increased 12.6% to $167.70 million largely due to a mix shift towards customer-pay business, which has higher margins than other service work.

Medford, OR-based Lithia operated 182 stores representing 28 brands across 19 states as of June 30, 2019.

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