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-0.00182035026049835 -0.00191450630845526 0.00389178331554833 0.00561797752808995 0.00561797752808995 0.00561797752808995 0.00561797752808995 0.00561797752808995
Stock impact report

Why the largest U.S. auto dealer isn't interested in Chinese cars — for now [CNBC]

Lithia Motors, Inc. (LAD) 
Last lithia motors, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: lithiainvestorrelations.com
Company Research Source: CNBC
Lithia Motors CEO Bryan DeBoer said politics, logistics or potential consumer backlash aren't necessarily the main issues. It's more so to do with potential cost, return-on-investment and needed infrastructure largely due to franchise rules of brands in the U.S. Nio cars are seen displayed at Nio House, at the Chinese electric vehicle (EV) maker's manufacturing hub in Hefei, Anhui province, China April 2, 2025. Florence Lo | Reuters DETROIT — The largest U.S. auto dealer isn't interested in selling vehicles from China-based brands domestically right now, its CEO said Wednesday. But it's not necessarily because of politics, logistics or potential consumer backlash, according to Lithia Motors CEO Bryan DeBoer. His company already has at least 10 stores selling vehicles from three Chinese companies in the United Kingdom. DeBoer, who has grown Lithia exponentially in recent years, said the potential cost, return-on-investment and needed infrastructure, largely due to franchis Show less Read more
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