Lithia CEO says company could lead industry consolidation

Lithia Chrysler-Dodge-Jeep-Ram of Corpus Christi — The average negative equity rolled into a new-vehicle purchase at Lithia has dropped to just more than $4,000, from $5,000.

By:

TINA BELLON

By:

Reuters

March 11, 2021 05:33 PM

Lithia Motors Inc. CEO Bryan DeBoer on Wednesday said his company could lead a consolidation of some publicly listed auto dealer groups to compete with online-only upstarts catering to younger, more internet-savvy car buyers.

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