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Lithia reported Wednesday that its net income dropped 15 percent to $249.9 million as revenue rose 11 percent to $6.99 billion in the fourth quarter. Net income for the full year jumped 19 percent to $1.26 billion while full-year revenue rose 24 percent to $28.23 billion — a record, according to the Medford, Ore., public retailer. While revenue and vehicle sales rose for both the quarter and the year, same-store vehicle sales were down. Average gross profit per new vehicle fell 13 percent to $5,344 in the quarter, Lithia said. Average gross profit per used vehicle plunged 34 percent to $2,137 in the fourth quarter compared with the fourth quarter of 2021.