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EspañolLITHIA MOTORS, INC.
(Redirected from Lithia Motors)
'Lithia Motors, Inc.' () is an automotive retailer headquartered in Medford, Oregon. It is the seventh largest auto retailer in the United States,[1] and ranks as number 615 on the Fortune 1000 list of the largest companies in the U.S. for 2007.[2] They ranked fourth in their industry for America's Most Admired Companies in 2007.[3]
Lithia Motors began in 1946 when Walt DeBoer opened a single car dealership in Ashland, Oregon. The first year the five person company sold 14 cars. Next, in 1968 Walt DeBoer died and his son Sidney DeBoer took over the company. Sidney reorganized the business and in 1970 purchased a Dodge dealership in Medford. With this Lithia’s base of operation moved to Medford and grew to a total of five stores with 19 franchises by 1990.Lithia.com: About Lithia
In December of 1996 the company went public, trading on the New York Stock Exchange with an IPO of $11 per share. As of March 2007 the company operated 108 stores in 15 states with 193 franchises.
Lithia sells new cars from General Motors, DaimlerChrysler, Toyota, Honda, BMW, Volkswagen, Mazda, and Porsche among others. New cars make up 58% of auto sales, with used cars making up the other 42%. Additional revenues come from auto repair at the dealerships, financing, and insurance sales.
In millions of US dollars.
1. Donna Harris, Top dealership groups get bigger, richer. Automotive News, March 19, 2007.
2. CNNmoney.com: Lithia Motors
3. CNNMoney.com: Most Admired Companies-Lithia Motors
'Lithia Motors, Inc.' () is an automotive retailer headquartered in Medford, Oregon. It is the seventh largest auto retailer in the United States,[1] and ranks as number 615 on the Fortune 1000 list of the largest companies in the U.S. for 2007.[2] They ranked fourth in their industry for America's Most Admired Companies in 2007.[3]
| Contents |
| History |
| Product |
| Recent financials |
| References |
History
Lithia Motors began in 1946 when Walt DeBoer opened a single car dealership in Ashland, Oregon. The first year the five person company sold 14 cars. Next, in 1968 Walt DeBoer died and his son Sidney DeBoer took over the company. Sidney reorganized the business and in 1970 purchased a Dodge dealership in Medford. With this Lithia’s base of operation moved to Medford and grew to a total of five stores with 19 franchises by 1990.Lithia.com: About Lithia
In December of 1996 the company went public, trading on the New York Stock Exchange with an IPO of $11 per share. As of March 2007 the company operated 108 stores in 15 states with 193 franchises.
Product
Lithia sells new cars from General Motors, DaimlerChrysler, Toyota, Honda, BMW, Volkswagen, Mazda, and Porsche among others. New cars make up 58% of auto sales, with used cars making up the other 42%. Additional revenues come from auto repair at the dealerships, financing, and insurance sales.
Recent financials
In millions of US dollars.
| Year | Revenue | Net Profit |
|---|---|---|
| 2003: | $2,412 | $35.9 |
| 2004: | $2,598 | $45.6 |
| 2005: | $2,852 | $53.6 |
| 2006: | $3,173 | $37.3 |
References
1. Donna Harris, Top dealership groups get bigger, richer. Automotive News, March 19, 2007.
2. CNNmoney.com: Lithia Motors
3. CNNMoney.com: Most Admired Companies-Lithia Motors
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