About Business
Lithia Motors is an automotive dealership company. It was established in 1946 in Ashland, Oregon, U.S., by Walt DeBoer and Sidney DeBoer. In the United States, Lithia Motors is one of the third-largest automotive dealership groups. It has 298 operational stores throughout the United States, 170 in the U.K., and 14 in Canada. Lithia Motors mainly sells used or new cars of different models. Their new cars bring 49% of sales, and used cards make up 51% of retail sales. In December 1996, the company went public on the New York Stock Exchange (NYSE), where it priced its shares at $11 each. In 2015, Lithia Motors made its debut on the Fortune 500 list, ranking at 482. This achievement positioned it among just three companies located in Oregon within the Fortune 500.