October Auto sales in the West are running 30% less than 2008. Average gross per sale will be up slightly. 4th quarter guildance will be negative. Lithia can survive if they work at recruiting and retaining top talent to run their stores. Lithia needs to get back into the people business. Cars do not sell themselves.
Lithia needs strong Chrysler products to sell. Over 35% of their stores are Chrysler. By the look of Fiat's plans, it will be a long wait. They better find another way.