Lithia Motors

Cox Automotive Presents 19th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship

Retrieved on: 
Monday, February 5, 2024
Growth, Arc, Northwood University, Marketing, Cox Enterprises, Lithia Motors, Miller, Social media, Acquisition, Woman, Management

"Through this award, we are reiterating our dedication to promoting diversity, inclusion, and equity in the automotive industry," stated Rowley.

Key Points: 
  • "Through this award, we are reiterating our dedication to promoting diversity, inclusion, and equity in the automotive industry," stated Rowley.
  • "We are recognizing one of our clients who embodies the qualities and achievements of the late Barbara Cox.
  • It is my privilege to honor Tina Miller as the 2024 Barbara Cox Woman of the Year."
  • Learn more about the 2024 Barbara Cox Woman of the Year Award recipient:

KBRA Assigns Preliminary Ratings to LAD Auto Receivables Trust 2024-1

Retrieved on: 
Thursday, February 1, 2024
Professional Services, Finance, Lithia Motors, LADAR, ABS, KBRA, DFC, Insurance, Telescopic sight

KBRA assigns preliminary ratings to four classes of notes (seven tranches) issued by LAD Auto Receivables Trust 2024-1 ("LADAR 2024-1"), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes (seven tranches) issued by LAD Auto Receivables Trust 2024-1 ("LADAR 2024-1"), an auto loan ABS transaction.
  • LADAR 2024-1 represents the seventh overall ABS securitization for Driveway Finance Corporation ("DFC" or the "Company"), and first of 2024.
  • DFC is a wholly owned subsidiary of Lithia Financial Corporation, itself a wholly owned subsidiary of Lithia Motors, Inc. (“Lithia”).
  • KBRA considered its operational review of Lithia and DFC, as well as several business updates with the Company since that time.

Reviver Expands Relationship with AutoNation, Significantly Extending Availability of RPLATE Digital License Plate

Retrieved on: 
Wednesday, November 15, 2023
Automotive News, Safety, Reviver, ROI, DMV, AutoNation, Partnership, Lithia Motors, Environment, Car dealership, Mobile phone

This expanded distribution of the Reviver RPLATE complements existing availability through AutoNation dealerships in California.

Key Points: 
  • This expanded distribution of the Reviver RPLATE complements existing availability through AutoNation dealerships in California.
  • Under this relationship, AutoNation dealerships offer the RPLATE at in-store merchandise and accessories departments in these two key states.
  • "The combined reach of AutoNation and Lithia Motors offers significant opportunities for consumers and fleets to experience the many benefits of digital license plate technology," said Reviver Founder & Chief Strategy Officer Neville Boston.
  • For more information about Reviver and its digital license plate technology, please visit reviver.com .

Reviver Marks Addition of Lithia Motors Dealerships to Rapidly Growing Licensed Auto Dealer Reseller Network

Retrieved on: 
Wednesday, November 8, 2023
Automotive News, Lithia Motors, DMV, Reviver, ROI, Partnership, Lithia, Car dealership, Mobile phone

The group has joined the Reviver Auto Dealer Reseller program to offer RPLATE digital license plates to customers at locations in California and Michigan, as part of the vehicle purchasing process and at in-store merchandise and accessories departments at Lithia dealerships.

Key Points: 
  • The group has joined the Reviver Auto Dealer Reseller program to offer RPLATE digital license plates to customers at locations in California and Michigan, as part of the vehicle purchasing process and at in-store merchandise and accessories departments at Lithia dealerships.
  • "We are thrilled with the mutual growth and benefits we are seeing with our auto dealer partners.
  • And welcoming Lithia Motors represents a significant enhancement to the program," said Reviver Founder & Chief Strategy Officer Neville Boston.
  • For more information on the Reviver licensed Auto Dealer Reseller program, visit: https://reviver.com/dealer .

Vouched Unveils AI-Driven Identity Verification Solution for Automotive Sector: Accelerating Onboarding and Fortifying Security to Boost Sales

Retrieved on: 
Wednesday, November 8, 2023
Digital, Customer experience, Facial recognition, Fraud, Entrepreneurship, IDV, Growth, Ridesharing, IDS, Risk, Partnership, KYC, Business, Identity, Lithia Motors, Workflow, Customer service, Algorithm, Friction, Cryptocurrency, Online shopping

SEATTLE, Nov. 8, 2023 /PRNewswire/ -- Vouched, an AI-driven identity verification platform, today launched its latest solution, VouchedAuto, designed to streamline the customer verification process for traditional and online automotive retailers and rideshare businesses. The new AI-powered solution automates the identity verification (IDV) process to improve efficiency, customer service and cost savings, as well as mitigate fraud and maintain regulatory compliance.

Key Points: 
  • Driveway, a subsidiary of Lithia Motors, one of the largest global automotive retailers, began working with Vouched to redefine its customer onboarding experience for online car transactions.
  • The team uses the VouchedAuto solution to automate the identity verification process as it transitions to a  digital-first, automated workflow.
  • Since implementing the solution, Driveway has realized a 40% reduction in average onboarding time and a 65% decline in fraudulent transactions.
  • Key features and benefits of the VouchedAuto solution include:
    Real-Time Identity Verification: VouchedAuto delivers real-time customer identity verification using AI-powered technology, encompassing facial recognition, document verification, and data verification for quick and accurate outcomes.

KBRA Assigns Preliminary Ratings to LAD Auto Receivables Trust 2023-4

Retrieved on: 
Thursday, November 2, 2023
Banking, Professional Services, Finance, DFC, Insurance, United Kingdom, KBRA, Lithia Motors, Maintenance, OR, LADAR, ABS, Telescopic sight, Lithia

KBRA assigns preliminary ratings to four classes of notes (seven tranches) issued by LAD Auto Receivables Trust 2023-4 (“LADAR 2023-4”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes (seven tranches) issued by LAD Auto Receivables Trust 2023-4 (“LADAR 2023-4”), an auto loan ABS transaction.
  • LADAR 2023-4 represents the sixth overall ABS securitization for Driveway Finance Corporation (“DFC” or the “Company”), and fourth of 2023.
  • DFC is a wholly owned subsidiary of Lithia Financial Corporation, itself a wholly owned subsidiary of Lithia Motors, Inc. (“Lithia”).
  • KBRA considered its onsite operational review of Lithia and DFC at its Tigard, OR location, as well as periodic due diligence updates with Lithia and DFC.

LAZYDAYS WELCOMES TWO NEW BOARD MEMBERS

Retrieved on: 
Friday, September 1, 2023
RV, Lithia Motors, DCH, Sale, Organization, Consumer, Growth, Management, Lazydays (RV dealer)

"We are deeply grateful for Erika's many contributions to the board over the past five years," said Chris Shackelton.

Key Points: 
  • "We are deeply grateful for Erika's many contributions to the board over the past five years," said Chris Shackelton.
  • "As an original board member when Lazydays went public, Erika has had a significant impact on our trajectory.
  • On behalf of the board and the entire company, I would to like thank Erika for her service."
  • "We are pleased to welcome Suzanne and Susan to Lazydays," said Chris Shackelton, Chairman of the Board.

XPEL Announces Appointment of John North to Board of Directors

Retrieved on: 
Tuesday, August 29, 2023
Chemicals, Plastics, Automotive, General Automotive, Automotive Manufacturing, Other Automotive, Manufacturing, CFO, Lithia Motors, Lithia, Management, Lazydays (RV dealer), RV

XPEL, Inc. (Nasdaq: XPEL), a global provider of protective films and coatings, announced today the appointment of John North to its Board of Directors.

Key Points: 
  • XPEL, Inc. (Nasdaq: XPEL), a global provider of protective films and coatings, announced today the appointment of John North to its Board of Directors.
  • Mr. North has a deep knowledge of the automotive industry with proven experience in global retail operations, finance, acquisitions and integrations.
  • Mr. North currently serves as CEO of Lazydays (NASDAQ: LAZY), a $1.3 billion leader in the RV industry providing sales, service, and ownership experiences.
  • Ryan Pape, President and Chief Executive Officer of XPEL stated, “We are pleased to add John to XPEL’s Board of Directors.

KBRA Assigns Ratings to LAD Auto Receivables Trust 2023-3

Retrieved on: 
Wednesday, August 23, 2023
Banking, Professional Services, Insurance, Finance, Maintenance, KBRA, OR, Lithia Motors, LADAR, ABS, DFC, United Kingdom, Telescopic sight, Lithia

KBRA assigns ratings to seven classes of notes issued by LAD Auto Receivables Trust 2023-3 (“LADAR 2023-3”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns ratings to seven classes of notes issued by LAD Auto Receivables Trust 2023-3 (“LADAR 2023-3”), an auto loan ABS transaction.
  • LADAR 2023-3 represents the fifth overall ABS securitization for Driveway Finance Corporation (“DFC” or the “Company”), and third of 2023.
  • DFC is a wholly owned subsidiary of Lithia Financial Corporation, itself a wholly owned subsidiary of Lithia Motors, Inc. (“Lithia”).
  • KBRA considered its onsite operational review of Lithia and DFC at its Tigard, OR location, as well as periodic due diligence updates with Lithia and DFC.

KBRA Assigns Preliminary Ratings to LAD Auto Receivables Trust 2023-3

Retrieved on: 
Thursday, August 10, 2023
Professional Services, Finance, Insurance, Maintenance, KBRA, OR, Lithia Motors, LADAR, ABS, DFC, United Kingdom, Telescopic sight, Lithia

KBRA assigns preliminary ratings to seven classes of notes issued by LAD Auto Receivables Trust 2023-3 (“LADAR 2023-3”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to seven classes of notes issued by LAD Auto Receivables Trust 2023-3 (“LADAR 2023-3”), an auto loan ABS transaction.
  • LADAR 2023-3 represents the fifth overall ABS securitization for Driveway Finance Corporation (“DFC” or the “Company”), and third of 2023.
  • DFC is a wholly owned subsidiary of Lithia Financial Corporation, itself a wholly owned subsidiary of Lithia Motors, Inc. (“Lithia”).
  • KBRA considered its onsite operational review of Lithia and DFC at its Tigard, OR location, as well as periodic due diligence updates with Lithia and DFC.