Robust rise in ‘value’ used-car sales highlights a strong Q1 for Lithia

Lithia and Driveway’s used-car segment had a strong first quarter highlighted by robust sales in what the auto retailer characterizes as “value” units.

“Used autos are foundational to our model and we expect to see ongoing positive trends in the quarters ahead,” said Bryan DeBoer, Lithia’s president and CEO, during the earnings call.

Used-vehicle sales in the first quarter ...