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Home » Lithia Motors’ Q1 F&I revenue climbs 58% YoY

Lithia Motors’ Q1 F&I revenue climbs 58% YoY

Lithia expanded its footprint to serve 17 new markets

Whitney McDonaldbyWhitney McDonald
April 20, 2022
in Earnings
Reading Time: 3 mins read
0
Dealers Feel the Pressure of Competition in Used-Car Market

© Can Stock Photo / welcomia

Lithia Motors’ finance and insurance (F&I) revenue increased for the sixth consecutive quarter to kick off 2022 as the retailer focuses on national expansion and marketing initiatives to reach more U.S. consumers. The Medford, Ore.-based retailer’s F&I revenue totaled $313.2 million, up 58% year over year and 9% sequentially, according to Lithia’s first-quarter earnings report. […]

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