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17 Consecutive Quarters Of Same-Store Customer-Pay Sales Growth For Lithia Motors

Lithia Motors (Medford, OR) saw its service, body and parts sales increase 9.8 percent to $97.78 million in the third quarter of 2013. Gross profit rose 9.3 percent to $46.99 million. Lithia, the ninth largest automotive retailer in the United States, has 92 stores in 11 states.

Same-store service, body and parts sales increased 5.6 percent to $93.94 million on top of 6-percent growth from a year ago.

Lithia increased its same-store customer-pay business 3.8 percent to $52.66 million — the 17th consecutive quarter of improvement. Same-store wholesale parts sales rose 8.5 percent to $17.44 million, while body shop same-store sales increased 2.5 percent to $8.93 million.

Same-store warranty sales increased 10.6 percent to $14.92 million, as domestic brand warranty work increased 3.3 percent, import warranty work increased 24.6 percent and luxury warranty work increased 10.9 percent due, in part, to recent recalls and maintenance packages.

Same-store service, body and parts gross profit rose 5.3 percent to $44.28 million.

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