billddrummer

Auto Retailers' Ability to Pay Debt - What It Means

The Lithia stores in my market (Northern NV) are taking steps to reduce expenses--combining/el... district level supervision (instead of separate dealership managers, one 'area manager' will now supervise 5 stores), relocating dealerships in poor locations (a store with poor access and low traffic counts is moving to a street with the highest surface traffic counts in town, at cheaper rent) and the like.

How long that takes to show up in interest coverage remains to be seen. But at least management isn't asleep at the switch.