Lithia Motors
Lithia Motors, Inc. is an American nationwide automotive retailer headquartered in Medford, Oregon. [Two] It is the fourth largest automotive retailer [Three] in the United States. In 2015, Lithia Motors broke into the Fortune five hundred list at #482, [Four] making it one of only three Oregon-based companies in the Fortune 500. [Five] This followed a year that spotted the acquisition of the DCH Auto Group, one of the ten largest dealer groups in the country with twenty seven dealerships, before being purchased by Lithia Motors. [6] In 2016, Lithia climbed to #346 and that same year, made the Fortune five hundred List of Top Ten Companies with the thickest Hop in rank on the Fortune 500. [7] Today, Lithia is ranked #318 on the Fortune 500. [8] Lithia employs more than 11,100 people in stores across the nation including Alaska and Hawaii. [9] Lithia operates one hundred sixty stores in eighteen states. [Ten]
- DCH Auto Group
- Carbone Auto Group
- Baierl Auto Group
Contents
Lithia Motors began in one thousand nine hundred forty six when Walt DeBoer opened a single car dealership in Ashland, Oregon. In the very first year the five person company sold fourteen cars. In 1968, Walt’s son, Sidney DeBoer, took over the business and incorporated Lithia Motors Inc. Sidney reorganized the business and in one thousand nine hundred seventy 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 nineteen franchises by 1990. [11]
In December one thousand nine hundred ninety six the company went public, trading on the Fresh York Stock Exchange with an IPO of $11 per share. [11] By 2003, Lithia had revenues of $Two.Five billion from its eighty four dealerships while employing just over Five,500 people. [12] The company had enhanced dealerships to eighty eight by 2005. [13] Lithia was fined $500,000 by the state of Alaska in two thousand six for charging car buyers illegal document prep fees at their Alaska dealerships. [14] That year, they also lodged with the Equal Employment Chance Commission for workplace discrimination. [15] In early 2007, Lithia began plans to build a 60-acre (240,000 m two ) auto mall north of downtown Medford and to build a fresh 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 budge to the auto mall, instead went through a $1.Five million renovation in two thousand thirteen and stayed on their 5-acre site in downtown Medford. [16] 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. [17] Lithia employees moved into their fresh headquarters in late 2012. In January, two thousand fourteen the Commons building was awarded Silver Leadership in Energy and Environmental Design (LEED) Certification by the U.S. Green Building Council. [Legal] Lithia has been the recipient of numerous awards, including Sports Illustrated’s All-Star Dealer Award in one thousand nine hundred ninety and Time’s Quality Dealer Award in 1997, two thousand sixteen Top Workplace-Oregon Award, [Nineteen] two thousand sixteen Automotive News Best Dealerships to Work For [20] and two thousand sixteen Fortune 500-40th Fastest Growing Company. [21]
With the acquisition of the DCH auto group in late 2014, Lithia expanded to one hundred thirty nine stores in fourteen states across the US, Hawaii, and Alaska.
In September 2016, Lithia Motors partnered with Carbone Auto Group bringing the Lithia Motors, Inc. store number to 150. [22]
Lithia sells fresh cars from General Motors, Chrysler, Toyota, Honda, BMW, Volkswagen, Mazda, and Porsche among others. [23] Fresh cars make up 58% of auto sales, with used cars making up the other 42%. [23] Extra revenues come from auto repair at the dealerships, financing, and insurance sales. [23]
Lithia Motors
Lithia Motors
Lithia Motors, Inc. is an American nationwide automotive retailer headquartered in Medford, Oregon. [Three] It is the fourth largest automotive retailer [Four] in the United States. In 2015, Lithia Motors broke into the Fortune five hundred list at #482 [Five] , making it one of only three Oregon-based companies in the Fortune five hundred [6] . This followed a year that witnessed the acquisition of the DCH Auto Group, one of the ten largest dealer groups in the country, with twenty seven dealerships, before being purchased by Lithia Motors [7] . In 2016, Lithia climbed to #346 and that same year made the Fortune five hundred List of Top Ten Companies with the thickest Leap in rank on the Fortune 500. [8] Today, Lithia is ranked #318 on the Fortune 500. [9] Lithia employs more than 11,100 people in stores across the nation including Alaska and Hawaii. [Ten] Lithia operates one hundred sixty stores in eighteen states. [11]
- DCH Auto Group
- Carbone Auto Group
- Baierl Auto Group
- Downtown LA Auto Group [1]
Contents
Lithia Motors began in one thousand nine hundred forty six when Walt DeBoer opened a single car dealership in Ashland, Oregon. In the very first year the five person company sold fourteen cars. In 1968, Walt’s son, Sidney DeBoer, took over the business and incorporated Lithia Motors Inc. Sidney reorganized the business and in one thousand nine hundred seventy 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 nineteen franchises by 1990. [12]
In December one thousand nine hundred ninety six the company went public, trading on the Fresh York Stock Exchange with an IPO of $11 per share. [12] By 2003, Lithia had revenues of $Two.Five billion from its eighty four dealerships while employing just over Five,500 people. [13] The company had enhanced dealerships to eighty eight by 2005. [14] Lithia was fined $500,000 by the state of Alaska in two thousand six for charging car buyers illegal document prep fees at their Alaska dealerships. [15] That year, they also lodged with the Equal Employment Chance Commission for workplace discrimination. [16] In early 2007, Lithia began plans to build a 60-acre (240,000 m two ) auto mall north of downtown Medford and to build a fresh 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 budge to the auto mall, instead went through a $1.Five million renovation in two thousand thirteen and stayed on their 5-acre site in downtown Medford. [17] 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. [Eighteen] Lithia employees moved into their fresh 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. [Nineteen] Lithia has been the recipient of numerous awards, including Sports Illustrated’s All-Star Dealer Award in one thousand nine hundred ninety and Time’s Quality Dealer Award in 1997, two thousand sixteen Top Workplace-Oregon Award, [20] two thousand sixteen Automotive News Best Dealerships to Work For [21] and two thousand sixteen Fortune 500-40th Fastest Growing Company. [22]
With the acquisition of the DCH auto group in late 2014, Lithia expanded to one hundred thirty nine stores in fourteen states across the US, Hawaii, and Alaska.
In September 2016, Lithia Motors partnered with Carbone Auto Group bringing the Lithia Motors, Inc. store number to 150. [23]
Lithia sells fresh cars from General Motors, Chrysler, Toyota, Honda, BMW, Volkswagen, Mazda, and Porsche among others. [24] Fresh cars make up 58% of auto sales, with used cars making up the other 42%. [24] Extra revenues come from auto repair at the dealerships, financing, and insurance sales. [24]