Lithia (which trades as Lithia & Driveway) is the largest US-listed auto retailer — 459 stores selling 52 brands across the US, UK and Canada. It buys cars from the manufacturers, marks them up, and makes its real money on the higher-margin add-ons around each sale: finance & insurance, and the parts-and-service bay that keeps the car running for years. Revenue is huge ($36B) but the net margin is razor-thin (~2%).
What Lithia Motors, Inc. really sells
Lithia (which trades as Lithia & Driveway) is the largest US-listed auto retailer — 459 stores selling 52 brands across the US, UK and Canada. It buys cars from the manufacturers, marks them up, and makes its real money on the higher-margin add-ons around each sale: finance & insurance, and the parts-and-service bay that keeps the car running for years. Revenue is huge ($36B) but the net margin is razor-thin (~2%).