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Lithia’s Same-Store Wholesale Parts Sales Up 11.3% In Q2

Lithia Motors, the ninth largest automotive retailer in the United States, saw its service, body and parts revenue grow 9.4 percent to $88.59 million in the second quarter of 2012. Gross profit rose 8.9 percent to $43.24 million.

Same-store service, body and parts revenue was up 6.8 percent due, in part, to an 8-percent rise in same-store customer-pay revenue, an 11.3-pecent increase in same-store wholesale parts revenue and a 15.4-pecent uptick in same-store body shop revenue.

Lithia sells 27 brands of new vehicles at 85 stores, which are located in 11 states.

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