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Lithia Motors Company History Timeline

1946
Lithia Motors began in 1946 when Walt DeBoer opened a single car dealership in Ashland, Oregon.
1968
Following Walt's death in 1968, Walt's son Sid along with Dick Heimann, grew the business to include 5 stores and 19 franchises in Southern Oregon.
1970
Sidney reorganized the business and in 1970 purchased a Dodge dealership in Medford.
1990
With this, Lithia s base of operation moved to Medford and grew to a total of five stores with 19 franchises by 1990.
1996
In December 1996, the company went public, trading on the New York Stock Exchange with an IPO of 11 per share.
2003
By 2003, Lithia had revenues of 2.5 billion from its 84 dealerships while employing just over 5,500 people.
2005
The company had increased dealerships to 88 by 2005.
2006
Lithia was fined 500,000 by the state of Alaska in 2006 for charging car buyers illegal document preparation fees at their Alaska dealerships.
2007
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.
2013
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.
2017
In August 2017, Lithia Motors acquired Downtown Los Angeles Auto Group DTLA , bringing the Lithia store count to 167.
2019
Cox Automotive awarded Lithia Motors' BMW of Ramsey, New Jersey store with the 2019 Cox Automotive Leader in Sustainability Award, citing outstanding community contributions and sustainable programs including waste reduction, water conservation and energy consumption.
Founded
1946
Company Founded
Headquarters
Medford, OR
Company Headquarter

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