Lithia Motors Selects First Look as Pre-Owned Inventory Management Partner
April 13 2006 - 3:17PM
Business Wire
Lithia Motors, Inc. (NYSE:LAD) today announced that it has selected
First Look as its pre-owned inventory management software provider.
President and Chief Operating Officer, Bryan DeBoer, commented,
"After comprehensively analyzing all of the pre-owned inventory
management programs on the market, Lithia selected First Look to be
our exclusive national provider. "It became clear in our analysis
that First Look is the leader in its business and was the best fit
regarding how Lithia thought about the used vehicle business. Most
importantly, First Look showed the agility to adapt and provide the
tools that have proven to yield results for Lithia," Mr. DeBoer
concluded. "First Look is proud to have been selected by Lithia
Motors, one of the premier operators in the automotive industry,"
stated First Look CEO, Pat Ryan Jr. "We look forward to providing
the technology that will enable Lithia's dealerships to take
pre-owned performance to another level," Ryan continued. About
Lithia Lithia Motors, Inc. is a Fortune 1000 and Russell 2000
Company that sells 25 brands of new vehicles and operates 94 stores
and 189 franchises in 12 states in the Western United States and
over the Internet through "Lithia.com-America's Car & Truck
Store." Lithia also sells used vehicles; arranges finance,
warranty, and credit insurance contracts; and provides vehicle
parts, maintenance, and repair services at all of its locations.
Lithia retailed 103,333 new and used vehicles and had $2.9 billion
in total revenue in 2005. About First Look First Look
(www.firstlook.biz) is the leader in providing automotive retailers
with Performance Management and Inventory Optimization software for
their pre-owned and new vehicle operations. First Look tools are
utilized in hundreds of dealerships across the nation. With the
addition of Lithia dealerships, First Look tools will be in
dealerships in 43 states across the U.S.
Lithia Motors (NYSE:LAD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lithia Motors (NYSE:LAD)
Historical Stock Chart
From Jul 2023 to Jul 2024