Lithia’s competition with CarMax
Posted: Thu Jan 23, 2025 5:54 am
Lithium engines
Lithia Motors, a heavyweight in the auto dealership industry, certainly poses an interesting challenge for CarMax. Founded in 1946, Lithia has made a name for itself as one of the largest auto dealerships in the United States. They are a major player in the market and certainly an established name, having been in business for over 77 years.
The company is headquartered in Medford, Oregon, a place it has called home since its early days. The bolivia phone number data brains behind the operation are Bryan DeBoer, president and CEO, and Sidney DeBoer, chairman.
In 2021, the company reported an impressive $22.9 billion in revenue, up from previous years. With a whopping 21,150 employees in 2022, Lithia Motors is a force to be reckoned with. They own and operate an extensive network of stores. As of May 2022, they had 267 stores across 24 states in the U.S., plus 14 in Canada.
Then there are the numerous divisions under Lithia Motors, including Driveway, DCH Auto Group, Carbone Auto Group, Baierl Auto Group, Downtown LA Auto Group, Day Auto Group, and Prestige Auto Stores. These divisions represent different brands and offer different services, further increasing
What’s interesting about Lithia Motors is the growth story. They started small, with just one dealership in 1946, and look at them now: they’re a publicly traded company on the NYSE and a component of the S&P 400. They’ve also been on the Fortune 500 list multiple times, ranking #294 in 2018.
Lithia Motors, a heavyweight in the auto dealership industry, certainly poses an interesting challenge for CarMax. Founded in 1946, Lithia has made a name for itself as one of the largest auto dealerships in the United States. They are a major player in the market and certainly an established name, having been in business for over 77 years.
The company is headquartered in Medford, Oregon, a place it has called home since its early days. The bolivia phone number data brains behind the operation are Bryan DeBoer, president and CEO, and Sidney DeBoer, chairman.
In 2021, the company reported an impressive $22.9 billion in revenue, up from previous years. With a whopping 21,150 employees in 2022, Lithia Motors is a force to be reckoned with. They own and operate an extensive network of stores. As of May 2022, they had 267 stores across 24 states in the U.S., plus 14 in Canada.
Then there are the numerous divisions under Lithia Motors, including Driveway, DCH Auto Group, Carbone Auto Group, Baierl Auto Group, Downtown LA Auto Group, Day Auto Group, and Prestige Auto Stores. These divisions represent different brands and offer different services, further increasing
What’s interesting about Lithia Motors is the growth story. They started small, with just one dealership in 1946, and look at them now: they’re a publicly traded company on the NYSE and a component of the S&P 400. They’ve also been on the Fortune 500 list multiple times, ranking #294 in 2018.