nyse lad industry auto retailing founded 1946 ashland oregon headquarters medford oregon united states key people bryan deboer ceo products automobiles revenue 5 390 million fy 2015 operating income 231 million fy 2015 net income 138 million fy 2015 total assets 2 880 million fy 2015 total equity 673 million fy 2015 number of employees 8 620 subsidiaries dch auto group website lithia.com footnotes references financial data . 1 lithia motors inc. is a nationwide automotive dealership network headquartered in medford oregon . it is the seventh largest automotive retailer in the united states and ranked 14 in fortune s most admired companies in 2013 . 2 lithia motors inc. ranked 602 on fortune s top 1000 companies in 2014 list up from a rank of 653 in 2013 . 3 in 2015 lithia motors broke into the fortune 500 list at 482 4 making it one of only three oregon based companies in the fortune 500 . 5 this followed a year that saw the acquisition of the dch auto group one of the 10 largest dealer groups in the country with 27 dealerships before being purchased by lithia motors . 6 contents 1 history 2 product 3 recent financials 4 community programs 5 see also 6 references history edit 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 . in 1968 walt s son sidney deboer took over the business and incorporated lithia motors inc. 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 . 7 in december 1996 the company went public trading on the new york stock exchange with an ipo of 11 per share . 7 by 2003 lithia had revenues of 2.5 billion from its 84 dealerships while employing just over 5 500 people . 8 the company had increased dealerships to 88 by 2005 . 9 lithia was fined 500 000 by the state of alaska in 2006 for charging car buyers illegal document preparation fees at their alaska dealerships . 10 that year they also settled with the equal employment opportunity commission for workplace discrimination . 11 in early 2007 began plans to build a 60 acre 240 000 m2 auto mall north of downtown medford and to build a new corporate headquarters in downtown medford . the chrysler jeep dodge store moved to the auto mall in september 2007 but the project was put on hold for seven years because the recession hit shortly after . in late 2014 lithia moved their honda nissan bmw and volkswagen stores to the auto mall . the group s toyota store which the group had planned to move to the auto mall instead went through a 1.5 million renovation in 2013 and stayed on their 5 acre site in downtown medford . 12 in 2010 it was reported that with the backing of two lenders the commons a mixed use building with lithia headquarters as the largest tenant was a go and could proceed with construction . according to an article by the mail tribune lithia partnered with the medford urban renewal agency to create the commons a revitalization project that includes the headquarters and another 14 million in infrastructure and three park blocks paid for with mura dollars . 13 lithia employees moved into their new headquarters in late 2012 . in january 2014 the commons building was awarded silver leadership in energy and environmental design leed certification by the u.s. green building council . 14 lithia has been the recipient of numerous awards including sports illustrated s all star dealer award in 1990 and time s quality dealer award in 1997 . headquarters in medford oregon as of january 2014 lithia operated 92 stores in 13 states . 15 with the acquisition of the dch auto group in late 2014 lithia now operates 139 stores in 14 states across the us hawaii and alaska . product edit lithia sells new cars from general motors chrysler toyota honda bmw volkswagen mazda and porsche among others . 16 new cars make up 58 % of auto sales with used cars making up the other 42 % . 16 additional revenues come from auto repair at the dealerships financing and insurance sales . 16 in 2013 lithia was named no. 9 on automotive news list of the 125 largest u.s. dealership groups with retail new vehicle sales of 56 960 units in 2012 . in used vehicle sales it also ranks no. 9 with retail used vehicle sales of 49 067 in 2012 . 17 the company received a global automotive shareholder value awards presented by pwc and automotive news in 2015 . the awards are given to companies to recognize the highest shareholder returns within one year and three year periods among global vehicle manufacturers global automotive suppliers and u.s. automotive retailers categories . 18 recent financials edit revenue in millions of us dollars . 16 year revenue eps dividend 2003 2 412 1.92 0.14 2004 2 598 2.13 0.23 2005 2 852 2.54 0.44 2006 3 173 1.77 0.54 2007 3 219 1.06 0.56 2008 2 137 12.22 0.33 2009 1 749 0.41 n a 2010 463 t 0.05 0.05 in april 2008 lithia posts 1.9 million loss in 1q . 19 2010 data is 1q only sec filings . in q1 2015 the company had a net income of 36.9 million . 20 community programs edit the lithia 4 kids initiative enables lithia stores to create strategic partnerships with select non profit organizations or programs to support youth development through employee volunteering and charitable giving . 21 lithia s community giving program is focused on community wide efforts that allow for local support that positively impacts and improves the vitality of a healthy community . lithia is active in both participation and sponsorship for a wide range of organizations in jackson county including united way special olympics american cancer society the salvation army and habitat for humanity . in 2015 lithia hosted its first women in leadership conference as a way to help empower female staff members and further their professional skills in a field that has been predominantly male . lithia flew in female managers from across the country with the goal to pursue higher advancement within the company and to inspire more females to seek careers in the industry . the conference was such a success that it became an annual event . 22 see also edit list of companies based in oregon references edit google finance fy 2015 lithia motors . retrieved on february 23 2016 . section 2014 fortune 1000 2015 fortune 500 rogoway mike january 30 2016 first published online january 29 . precision castparts 37b sale finalized . the oregonian . p. c8 . retrieved 2016 02 02 . dch auto group acquisition a b about lithia . lithia.com . retrieved on september 15 2007 . brinckman jonathan . every lithia shop moves cars the same way conformity drives it . the oregonian october 10 2004 . brinckman jonathan . inside oregon business auto dealer bypasses industry slump . the oregonian june 16 2005 . lithia to pay refunds and fine in alaska . portland business journal december 5 2006 . brinckman jonathan . lithia settles colorado discrimination suit . the oregonian march 17 2006 . lithia motors building oregon s largest auto mall . portland business journal january 22 2007 . http www.mailtribune.com apps pbcs.dll article aid 20101001 news 10010318 http www.fi magazine.com news story 2014 01 lithia headquarters awarded silver leed certification.aspx prestitial 1 source autonews http www.autonews.com article 20131125 retail04 311259995 lithia expands to boost used car sales axzz2qvdwb8p7 a b c d 2006 annual report . lithia motors . retrieved on september 15 2007 . auto news http www.autonews.com article 20131125 retail04 311259995 lithia expands to boost used car sales ixzz2qvl3zksh 2015 global automotive shareholder value awards lithia posts 1.9 million loss automobile news report april 29 2008 lithia motors q1 earnings beat estimates rise 35 % y y analyst blog . nasdaq . 27 april 2015 . retrieved 30 april 2015 . lithia 4 kids community program women in leadership conference v t e oregon based companies nyse listed greenbrier companies lithia motors nike nw natural portland general electric nasdaq listed columbia sportswear electro scientific industries erickson inc. fei flir lattice mentor graphics radisys rentrak schnitzer steel umpqua holdings private companies a dec banfield consumer cellular esco franz bakery hoffman construction infocus kindercare education laika leupold & stevens les schwab the old spaghetti factory parr lumber plaid pantry reser s fine foods roseburg forest products shari s vigor industrial other bi mart tillamook creamery western family foods list of companies based in oregon retrieved from https en.wikipedia.org w index.php title lithia motors & oldid 741149517 categories companies based in medford oregonretail companies of the united statesauto dealerships of the united statescompanies established in 1946companies listed on the new york stock exchange1946 establishments in oregon navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 25 september 2016 at 18 29 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view