Lithia Motor’s Used and New Car Inventories (2016-2021)

This statistic highlights Lithia Motor’s Used and New Car Inventories, reported annually from the year 2016 onwards.

Lithia Motors Inc is an American nationwide auto retailer. The company is headquartered in Oregon. It is the third-largest automotive retailer in the United States. They offer more than 30 brands of new vehicles and almost all brands of used vehicles in more than 150 stores in the United States and online at Lithia.com, DCHauto.com, and CarboneCars.com. The company’s business can be divided into – Domestic, Import, and Luxury. They offer brands like Chrysler, General Motors, and Ford in their domestic segment Toyota, Honda, Nissan, etc. in the imported segment and BMW, Mercedes- Benz, etc. under the luxury segment.

The company’s revenue increased to $12.67 billion in 2019 from $11.82 billion in the previous year. The company’s inventory can be classified into new vehicles, used vehicles and parts and accessories. They also sell finance and insurance products at all of their franchises.

The inventory of used vehicles with Lithia in 2016 was $381.10 million in the first quarter, $428.30 million in the second quarter, $474.90 million in the third quarter, and $368 million in the last quarter. The inventory for 2017 remained unchanged for the first three quarters and then increased to $500 million in the last quarter. Inventory then went up to $536.40 million in the first quarter of 2018, $553.20 million in the second quarter, $562.50 million in the third quarter, and $576.80 million in the last quarter. Inventory increased further in 2019 to $568.60 million in the first quarter, $591.50 million in the second quarter, $645 million in the third quarter, and $638.10 million by the end of the year.

The inventory of new cars is far more than the used cars. The inventory of new cars was $1.36 billion in the first quarter of 2016, $1.38 billion in the second quarter, $1.41 billion in the third quarter, and $1.34 billion in the last quarter. Revenue in 2017 went up to $1.36 billion in the first quarter, $1.38 billion in the second quarter, $1.41 billion in the third quarter, and $1.55 billion in the last quarter. The inventory then increased again in 2018 to $1.74 billion in the first quarter, $1.69 billion in the second quarter, $1.63 billion in the third quarter, and $1.70 billion by the end of the fourth quarter. Inventory remained fairly stable in 2019 at $1.78 billion in the first quarter, $1.75 billion in the second quarter, $1.65 billion in the third quarter, and $1.70 billion by the end of the year.

The inventory for parts and accessories increased from $285.4 million in 2016 to $297.9 million in 2017 to $345.4 million in 2018 and $358.1 million in 2019.

The inventory of both used and new cars has been increasing every year and every quarter. The company’s revenue has also been increasing consistently. The automobile segment is expected to take a huge hit in 2020 as the spread of the Coronavirus has reduced consumer spending. This will affect Lithia as well as its suppliers and the revenue and profit numbers are expected to slump down to all-time lows.

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