Profile: Lithia Motors Inc (LAD.N)
Lithia Motors, Inc. incorporated on December 23, 1968, is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments namely Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. Its Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. Its segment franchises sell used vehicles, parts and automotive services, and automotive finance and insurance products. The Company sells new and used cars and replacement parts; provides vehicle maintenance, warranty, paint and repair services; arranges related financing, and sell service contracts, vehicle protection products and credit insurance. The Company offers approximately 30 brands of vehicles and all brands of used vehicles in approximately 130 stores in the United States and online at Lithia.com and DCHauto.com. Its dealerships are located in the United States. Its operations involve the use, handling, storage and contracting for recycling and/or disposal of materials, such as motor oil and filters, transmission fluids, antifreeze, refrigerants, paints, thinners, batteries, cleaning products, lubricants, degreasing agents, tires and fuel.
The Company represented approximately 30 domestic and import brands ranging from economy to luxury cars, sport utility vehicles, crossovers, minivans and light trucks. The Company purchase its new car inventory directly from manufacturers, which allocate new vehicles to stores based on availability, monthly sales and market area. The Company rely on the manufacturers to provide users' with vehicles to meet consumer demand at suitable locations with quantities and prices.
The company offers used vehicles in three categories namely manufacturer certified pre-owned used vehicles; late model, lower-mileage and higher mileage vehicles, and older vehicles. The Company offers certified pre-owned vehicles at most of its franchised dealerships.
Vehicle Financing, Service Contracts and Other Products
As part of the vehicle sales process, the Company offers its customers financing options, as well as extended warranties, insurance contracts, and vehicle and theft protection products. The Company earns a commission on each finance, service and insurance contract it writes and subsequently sells to a third-party. It offers a lifetime lube, oil and filter (LOF) service of its total new and used vehicle buyers.
Service, Body and Parts
The Company provides parts and service for the new vehicle brands sold by its stores, as well as service and repair other makes and models. The Company focus on its customer pay business and markets its parts and service products by owners when their vehicles are due for periodic service. The Company operates approximately 20 collision repair centers namely five in Texas; four in Oregon; two each in Idaho and Washington, and one each in Alaska, Montana, Iowa and Nevada.
Lithia Motors Inc
150 N Bartlett St
MEDFORD OR 97501-6015