| Lithia Motors, Inc. is an operator of automotive franchises and retailer of new and used vehicles and services. As of April 10, 2008, the Company offered 30 brands of new vehicles and used vehicles in 109 stores in the United States and over the Internet. It sells new and used cars and light trucks; sell replacement parts; provide vehicle maintenance, warranty, paint and repair services, and arrange related financing, service contracts, protection products and credit insurance for its automotive customers. Lithia Motors maintains Websites (www.lithia.com and www.L2Auto.com) that generate leads and provide information for its customers. The Company uses the Internet sites as a marketing tool to familiarize customers with Lithia Motors, its stores and the products it sells. In October 2008, Lithia Motors, Inc. announced that it has completed the sale of its Wenatchee Chrysler Dodge franchise to Town Auto Group, a local auto dealer in Wenatchee. |
