FAQ: Who Owns Lithia Motors?

How many dealerships does Lithia own?

Lithia Motors, Inc. is one of the largest automotive group retailers in the United States and is among the fastest growing companies in the Fortune 500 with 265 stores in 24 states. We offer 38 brands of new vehicles and all brands of used cars in our stores and online at hundreds of websites.

Who is the CEO of Lithia Motors?

Lithia, overall, is a good company to work for. This location has poor management. With different management this would be a great place to work. While it is a large dealership you have a lot of good people there to help you succeed.

Is Lithia Motors a buy?

Lithia Motors has received a consensus rating of Hold. The company’s average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.

Who are Lithia Motors competitors?

Lithia Motors competitors include CarMax, Penske Automotive Group, AutoNation, Asbury Automotive Group and Staples.

How does Lithia Motors make money?

Additional revenues come from auto repair at the dealerships, financing, and insurance sales. 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.

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What does Lithia stand for?

: a mineral water characterized by the presence of lithium salts (as lithium carbonate or lithium chloride)

Does Lithia own DCH?

Oregon-based Lithia Motors, which calls itself the eighth biggest U.S. automotive retailer with 101 stores, will acquire 100 percent of DCH Auto Group’s outstanding shares for $340 million in cash and $22.5 million in shares.

How much did Lithia buy Suburban for?

That would make the value of the deal about $500 million. He said the company’s net investment includes retail operations, goodwill, some inventory and real estate. The deal also included eight used-only stores and three collision centers.

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