Who We Are
Lithia Motors Inc. (NYSE: LAD) is one of the largest providers of personal transportation
solutions in the U.S. and is among the fastest-growing companies in the Fortune 500 (#252 in
2020). Lithia ranked #6 on the 10-Year EPS Growth and #4 on the 10-Year Total Shareholder
Return in 2020.
Lithia currently operates 211 stores and offers 33 new vehicle manufacturer options, reaching 92% of the U.S. population. Lithia continues to expand digital solutions that will further support our vision to serve customers wherever, whenever and however they desire.
We are fortunate to have over 15,000 team members who are committed to this vision and to modernizing the industry. Our mission, Growth Powered by People, inspires our leaders to innovate unique solutions to continually improve customer experience, sustainability practices and community engagement.
A Message From Our CEO
We are a growth company powered by people, but also one powered by conscientious growth.
As a leading provider of personal transportation solutions, we embrace the environmental and social pillars of sustainability to strengthen our five-year growth strategy of consolidating the largest retail sector in the country.
Our 2020 Corporate Responsibility Report shares our goals for protecting the environment and promoting the well-being of our people. We are excited to highlight areas in which our collective corporate responsibility efforts are making a positive difference.
We are Taking personal ownership to steer consumers towards greener purchasing decisions and habits. In 2020, we electrified that effort with the launch of GreenCars.com, which aims to spark more sustainable-vehicle adoptions by educating U.S. consumers on electric vehicles. In addition, the website details coverage of our ever-expanding, EV-charging network.
Earning customers for life means serving them wherever, whenever, and however they desire. While Greencars.com meets the needs of consumers interested in eco-friendly vehicles, we also expanded our consumer channels by launching Driveway—our new e-commerce, shop-from-home, vehicle-ownership experience—to give customers another innovative option of taking care of business.
Several of our dealerships were honored in the past year for either being Green Dealers or ranking as one of the Best Dealerships to Work For in 2020. By Having fun and fostering a well-oiled, work-life balance, we retain the talent that helps us live our Mission of Growth powered by people.
Always looking ahead, on Earth Day 2021, we will be introducing our new GreenKids Program. This program will partner Lithia dealerships in different states with local high schools to create an educational opportunity to increase awareness and knowledge regarding eco-friendly vehicles.
We are passionate about Improving constantly and reducing our environmental impact through continued innovation and teamwork. We recognize that responsible growth is crucial to not only our success but to our planet and communities as well.
Lithia Motors Inc. President and CEO
Our Mission & Values
Walt DeBoer started Lithia Motors in 1946 as a Chrysler-Plymouth-Dodge dealership in Ashland, Oregon. In 1968, Walt’s son, Sid, stepped in to replace his father and grew the business to include five stores and 19 franchises in southern Oregon. In December 1996, Sid transformed Lithia Motors, Inc., into a publicly traded company (NYSE: LAD), with an IPO of $11 per share. In 2012, Bryan DeBoer was named CEO of Lithia Motors.
Lithia offers 33 new vehicle makes and numerous used vehicle brands nationwide. We are happy to report that many of our manufacturer partners have made massive strides in the Environmental, Social and Governance (ESG) space. Many have improved showroom designs to increase energy efficiency or have begun offering greater selections of electric and hybrid vehicles. Lithia is committed to working with our manufacturer partners to reduce our footprint together.
“ Serve customers wherever, whenever and however they desire ”
— OUR VISION