Lithia Motors Inc. is an automotive retail company that was founded in 1946. Headquartered in Medford, Oregon, the company operates a network of automotive dealerships across the United States. Lithia Motors is one of the largest automotive retailers in the country and offers a wide range of new and used vehicles from various manufacturers.
Lithia Motors operates under a decentralized business model, allowing each dealership to have its own management team and make local business decisions. The company believes in providing a personalized and customer-centric approach to car buying, offering a seamless and enjoyable experience for consumers.
In addition to vehicle sales, Lithia Motors provides a range of automotive services, including vehicle financing, insurance, and warranty programs. The company's finance and insurance departments assist customers in obtaining financing options and provide insurance coverage for their vehicles. Lithia Motors aims to simplify the car buying process and offer comprehensive solutions to meet customers' needs.
Lithia Motors went public in 1996 and is traded on the New York Stock Exchange under the ticker symbol LAD. Since then, Lithia Motors has grown both organically and through strategic acquisitions, continuously expanding its dealership network and geographic footprint.
The company's growth strategy includes acquiring underperforming dealerships and implementing operational improvements to enhance their performance. Lithia Motors focuses on building strong relationships with its customers and communities, aiming to become a trusted and respected automotive retailer in every market it serves.
Lithia Motors prides itself on its customer-centric approach, providing a wide selection of vehicles, personalized service, and a commitment to excellence. The company's success lies in its ability to adapt to changing market dynamics, leverage technology to enhance the car buying experience, and maintain strong relationships with its customers and manufacturer partners.