February 12, 2025 - 11:40
Lithia & Driveway has announced a remarkable achievement in its fourth-quarter earnings report, showcasing a 20% revenue growth that reached an impressive $9.2 billion. This significant increase is attributed to robust new vehicle sales, which saw a rise of 7.4%.
In a notable milestone for the company, its Finance Operations division has posted its first-ever profit, amounting to $15.4 million. This achievement marks a turning point for the finance unit, which has been a focus of growth and development in recent years.
The combination of increased vehicle sales and a profitable finance segment underscores Lithia & Driveway's strategic initiatives and resilience in a competitive market. The company continues to adapt to changing consumer demands and market conditions, positioning itself for sustained success in the automotive industry. As it moves forward, stakeholders are optimistic about the potential for further growth and profitability in the upcoming quarters.
