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Lithia Motors

 
Overview
The Beginning
Walt DeBoer started Lithia in 1946 as a single store on "The Plaza" in Ashland, Oregon. In its first year, Lithia had five employees who sold 14 vehicles. Following Walt's death in 1968, Sid DeBoer (eldest son in a family of six children) reorganized and took control of the small Chrysler-Dodge store.

A Strong Partnership
In 1970, Sid purchased the Dodge Center in Medford, shifting operations from Ashland, to the largest market in the area. Dick Heimann, then with the Chrysler Corporation, had formed a strong working relationship with Sid. As a result, Sid convinced Dick Heimann to leave his position with Chrysler and join him in running the Medford store. Since then Lithia has grown from a single store into a successful group of franchised auto-retail stores.

The Core Southern Oregon Stores
From 1970 to 1990 Lithia experienced substantial growth to a total of 5 stores and 19 franchises in the Southern Oregon area. It is in these stores that the "Lithia" operating model was developed. They are known as the core stores and represent the base for future growth and the model for new operations.

Lithia as a Public Company

As of March 10, 2007

Lithia Motors, Inc. is one of the largest full-service new vehicle retailers in the United States with 108 stores in 46 markets located in 15 states in the Western and Midwestern United States. Lithia offers 30 brands of new domestic and imported vehicles, all makes of used vehicles, service and parts, and finance/insurance. Internet sales are centralized at "Lithia.com-America's Car & Truck Store". Lithia had total revenues of $3.17 billion in 2006

Lithia went public in December 1996 at $11/share. Over the last eight years the Company has achieved Compound Annual Growth Rates (CAGR) in sales of 40%, net profit of 39%, and in Earnings per Share (EPS) of 20% per year. Over the same period same-store sales grew at an average annual rate of 2.9%. The common stock trades on the NYSE under the ticker "LAD".

For the full-year 2006, Lithia's net income from continuing operations was $40.3 million. Lithia earned $1.91 per share from continuing operations. Total revenues increased 11% to $3.17 billion.

For the fourth quarter of 2006, Lithia's Board of Directors approved a quarterly dividend of $0.14 per share. Shareholders of record as of January 16, 2007 will receive the dividend that will be payable January 30, 2007.
Career Opportunities
Lithia Motors Inc. Declares Quarterly Dividend of $0.14 Per Share for the Third Quarter of 2007
MEDFORD, Ore., Oct 01, 2007 (BUSINESS WIRE) -- Lithia Motors, Inc. (NYSE:LAD) today announced that the Board of Directors has approved a dividend of $0.14 per share for the third quarter of 2007. Lithia will pay the dividend October 29 to shareholders of record on October 15, 2007.
About Lithia

Lithia Motors, Inc. is a Fortune 700 and Russell 2000 Company. Lithia sells 30 brands of new and all brands of used vehicles at 109 stores which are located in 46 markets within 15 states. Internet sales are centralized at www.Lithia.com, or through the recently launched www.L2.com. Lithia also sells used vehicles; arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations. Lithia retailed 109,648 new and used vehicles and had $3.17 billion in total revenue in 2006.

Additional Information

For additional information on Lithia Motors, contact the Investor Relations Department: 541-618-5770 or log-on to: www.lithia.com - go to Investor Relations.

SOURCE: Lithia Motors, Inc.

Lithia Motors, Inc.
Investor Relations Department, 541-618-5770
www.lithia.com
Mission & Vision
THE MISSION OF LITHIA, AMERICA'S CAR AND TRUCK STORE, IS TO BE THE PREFERRED PROVIDER OF CARS AND TRUCKS AND RELATED SERVICES IN NORTH AMERICA

Vision Statement - A statement of what we are striving to be

  • Lithia envisions the future, develops and embraces a strategic plan, and ensures the success of the plan.
  • We strive for strong, sustainable and profitable growth.
  • We speak a common language and execute best-in-class processes in all of our operations.
  • We have dynamic and dedicated leadership committed to the standards and mission of Lithia.
  • We provide opportunities for our people to excel and grow in a positive, respectful work environment.
  • Our customers choose us because of our professionalism, consistency, and the extra effort we make to serve them.
  • Our investors choose us because we are a sound investment.
  • We foster long term and mutually beneficial relationships with manufacturers and suppliers.
  • We hold ourselves to the highest ethical standards in how we treat our employees, our customers, and our business partners.
Our People
We are Lithia Motors Inc., a Fortune 700 company and one of the largest full-service automotive retailers in the United States. Customers can expect exceptional service in each of our 108 dealerships throughout 15 states, offering 28 brands of new domestic and imported vehicles and all makes of used vehicles. Our service and parts departments are there to ensure that your vehicle is as reliable as we are.

Here at Lithia, we know that our success begins with our people. Our people define who we are and directly impact our ability to achieve our financial goals. We look for people who share our commitment to act ethically, think strategically, and seek innovative methods to achieve our goals. We are looking for individuals with the traits that will enable them to be successful in our culture. Exceptional customer service skills, the will and desire to function as a productive team member, and the drive to succeed are typical attributes of a successful Lithia employee.
Contact
Mailing Address:
360 E. Jackson Medford, OR 97501
www.lithia.com
Diversity
Lithia Motors is committed to fostering a positive, respectful workplace where our people can excel and grow. To that end, we are committed to reaching out to all people regardless of age, race, color, gender, disability, sexual orientation, religious affiliation, national origin, marital or citizenship status.

Our goal is to treat all of our team members, customers, and vendors fairly and with respect. We recognize and respect the attributes that make each person an individual. Our commitment to exceptional customer service echoes our commitment to treat all individuals with respect.