Lithia Motors Basic Report
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Lithia remains in the top spot.  It would be too easy to walk away and miss out on something great.   

I still believe the company has the potential to become the next "Best Buy" of the auto retail world.  The integration efforts and vision at Lithia are to be commended. 

But I am not going to hide my disappointment in management. 

I said last year in the fourth quarter that if Lithia was still in the same spot a year from now, well then "we've got a problem." 

Every industry data point suggests to me that Lithia should be turning the corner, so we'll see how the second quarter of 2007 came out. 

But beyond the recent performance ...

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