Lithia Motors, Inc. said yesterday that it expects to exceed by at least 30 percent its past guidance of between $US0.31 and $0.33 for the fourth quarter 2001.
Chairman and CEO Sidney B. DeBoer, said, “Better than expected performance in our core operations, improvements in newly acquired stores, manufacturer incentives and lower interest rates have all benefited the fourth quarter results. These factors combined to produce stronger than expected same-store sales growth.”
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Lithia Motors will announce results for the fourth quarter and full-year 2001 on February 20.
