Lithia Motors Renews Agreement With The Warranty Group
CHICAGO - The Warranty Group, Inc. announced that Lithia Motors has extended its agreement with the company to provide service contracts to its entire dealership network. Lithia is one of America's largest automotive retailers, featuring 26 brands in 86 locations in the Western and Midwest United States.
Sid DeBoer, Lithia Chairman and CEO, stated "We're very pleased to renew our agreement with The Warranty Group. Our partnership has delivered consistent results and supported the growth of our brand with innovative products, flexible insurance and customer-focused administration and marketing."
Chris Holzshu, CFO for Lithia, said "Throughout the recent market challenges, The Warranty Group stepped up and delivered the solutions we needed to maintain our momentum and leverage every profit opportunity. We look forward to continued success with our partnership."
Mike Frosch, President and COO North America for The Warranty Group, stated "We're proud of the trust Lithia has put in our company. Working with an industry leader makes us even better at what we do, and we're pleased that the results of our efforts merit a continuation of our partnership. We are certain to reach new levels of success in the coming years.
Lithia Motors has been a client of The Warranty Group since 1997.
More Industry
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →