[23] 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, 2016 Top Workplace-Oregon Award,[24] 2016 Automotive News Best Dealerships to Work For[25] and 2016 Fortune 500-40th Fastest Growing Company. [19] That year, they also settled with the Equal Employment Opportunity Commission for workplace discrimination. In the first year the five person company sold 14 cars. [16] By 2003, Lithia had revenues of $2.5 billion from its 84 dealerships while employing just over 5,500 people. For access see the new tile below. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012. See the pot trades we're targeting>>, Want the latest recommendations from Zacks Investment Research? Brinckman, Jonathan. Welcome to the team. for accelerating business results! 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. [41] 2010 data is 1Q only SEC filings. Collaborating with their vendor partners, Lithia Motors, Inc. has contributed more than $1.4 million to the Southern Oregon University Raider Scholarship Fund. [11] In 2016, Lithia climbed to #346 and that same year made the Fortune 500 List of Top Ten Companies with the biggest jump in rank on the Fortune 500. "Educate, Advocate, Support and Strength" are the pillars of the Lithia 4Kids initiative. With this, Lithia’s base of operation moved to Medford and grew to a total of five stores with 19 franchises by 1990. Inside Oregon business: Auto dealer bypasses industry slump. Company History: Lithia Motors, Inc. is one of the largest full-service new vehicle retailers in the United States with 56 stores and 114 franchises in California, Oregon, Washington, Nevada, Colorado, Idaho, South Dakota, and Alaska. Learn More. 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 Motors, Inc. is an American nationwide automotive retailer headquartered in Medford, Oregon. [26] In 2018, 10 Lithia Motors stores were named "Best Dealerships to Work For" by Automotive News. This Zacks Rank #1 (Strong Buy) is still paying its dividend when others have been suspending it. It sells new and used autos from both domestic and international auto manufacturers. [35], In 2013 Lithia was named No. Lithia Motors, Inc - On Boarding Videos. 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, "Cox Automotive Presents Leader in Sustainability Award to BMW of Ramsey", "Lithia Enters State of Pennsylvania; Baierl Auto Group Joins Lithia", http://www.autonews.com/article/20131125/RETAIL04/311259995/lithia-expands-to-boost-used-car-sales#ixzz2qVL3ZKSh, http://www.autonews.com/article/20160402140000/RETAIL06/304039992, 2015 Global Automotive Shareholder Value Awards, "Lithia Motors' Q1 Earnings Beat Estimates, Rise 35% Y/Y - Analyst Blog", https://en.wikipedia.org/w/index.php?title=Lithia_Motors&oldid=976785133, Companies listed on the New York Stock Exchange, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 September 2020, at 00:37. Since 1946, Lithia has been dedicated to making the communities they serve better places to live, work and play. ReedGroup administers leaves of absence. 1999: Lithia moves to the NYSE as LAD and opens Lithia.com. 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