About Lisian Car Dealership

Lithia Motors, Inc. was founded in 1946 and officially registered in Oregon in 1968. As a major player in the automotive industry with franchise licensing, the company operates as a retailer that buys and sells both new and used vehicles while also providing various services. Lithia offers a wide range of products, including new and used cars, light trucks, and parts, along with maintenance, warranty, paint, and repair services. Furthermore, they provide financing options, service contracts, protective products, and credit insurance to their customers. The company’s dealership network primarily spreads across the western and midwestern regions of the United States, positioning them in mid-sized regional markets due to the licenses for both domestic and imported brands as well as the urban market's demand for luxury goods. Lithia believes that the decentralized nature of the automotive dealership industry presents growth opportunities through consolidation. They strive for exclusive acquisition rights, intending to become the sole franchise dealer for a brand within a specific market. Their acquisition strategy involves taking over underperforming dealerships through a centralized operational framework, aimed at reducing costs and enhancing profitability. The company sees the current economic environment as presenting them with attractive acquisition opportunities. Walt DeBoer established Lithia in 1946 as a Chrysler-Plymouth-Dodge dealership in Oregon. The company's website can be found at http://www.lithiainvestorrelations.com, and their office is located at 150 N. Bartlett Street, Medford, Oregon 97501.