LAD - Lithia: High Demand For Cars Is A Driver For Shares Growth
- The automotive industry is currently experiencing its highest price increase for the last 10 years and LAD is benefiting directly from the trend.
- The company is showing strong growth driven by domestic expansion in the US as well as by the development of its online platform called Driveway.
- With the remaining trend for higher selling prices for both new and used cars, Lithia Motors will continue to “beat” analysts' expectations, as it already has for the last two quarters.
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Lithia: High Demand For Cars Is A Driver For Shares Growth