October 30, 2014 – Lithia Motors, Inc. reported the highest third quarter adjusted net income in Company history. F&I per vehicle was $1,202 compared to $1,105 last year. Lithia reported on its earnings call that of the vehicles they sold in the quarter they sold a service contract on 43% and sold lifetime oil product on 36%.
Full Release: http://www.b2i.us/profiles/investor/NewsPDF.asp?b=2051&ID=73367&m=rl&g=128
Earnings Call Transcript from Seeking Alpha: http://seekingalpha.com/article/2619625-lithia-motors-lad-ceo-bryan-deboer-on-q3-2014-results-earnings-call-transcript