Lithia Motors, Inc. Climbs 157 Places on the Fortune 1000 List of America's Largest Companies

Apr 23, 2001, 01:00 ET from Lithia Motors, Inc.

    MEDFORD, Ore., April 23 /PRNewswire Interactive News Release/ -- Lithia
 Motors, Inc. (NYSE:   LAD)
     Lithia Motors announced today that it has again been included in the
 Fortune 1000 List, which highlights the largest companies in the United States
 for the year 2000.  This is Lithia's second year on the list with a ranking of
 815, up 157 places from last year's position.
     Lithia is included in the "Automotive Retailing and Services" industry.
 According to Fortune's ranking of 69 industries, this industry ranked 1st in
 five-year profit growth at 70.5%, 12th in one-year profit growth at 21.8% and
 10th in one-year revenue growth at 27.3%.  Lithia grew its revenues by 34% and
 net profits by 27% in 2000.
     Sidney B. DeBoer, Chairman and Chief Executive Officer of Lithia Motors,
 Inc. stated, "We are very pleased to have continued our climb within the
 Fortune 1000 listing.  Over the last 4 years, Lithia has experienced average
 annual growth in revenues of 89%, net profits of 79% and EPS of 37%.  We
 expect continued revenue growth through acquisitions in 2001.  It is also
 worth noting that the automotive retailing sector substantially outperformed
 the specialty retail sector in revenue and profit growth, however, our sector
 still trades at a deep discount to that sector."
     Lithia operates 114 franchises in California, Oregon, Washington, Nevada,
 Colorado, Idaho, South Dakota and Alaska.  Lithia sells 26 brands of new
 vehicles at 56 stores and over the Internet through "Lithia.com -- America's
 Car & Truck Store."  Lithia also sells used vehicles; arranges finance,
 warranty, and credit insurance contracts; and provides vehicle parts,
 maintenance, and repair services at all of its locations.  Lithia retailed
 68,126 new and used vehicles in 2000. Lithia's current annualized revenue run
 rate, including all completed acquisitions, is over $1.7 billion.
     This press release includes forward-looking statements within the meaning
 of the "Safe-Harbor" provisions of the Private Securities Litigation Reform
 Act of 1995, which management believes are a benefit to shareholders.  These
 statements are necessarily subject to risk and uncertainty and actual results
 could differ materially due to certain risk factors, including without
 limitation economic conditions, acquisition risk factors and others set forth
 from time to time in the company's filings with the SEC.  Specific risks in
 this press release include continued revenue growth and revenue run rate.
     For additional information on Lithia Motors, contact:  Jeff DeBoer, Senior
 VP and Chief Financial Officer 541-776-6868 (E-mail:  invest@lithia.com) or
 Dan Retzlaff, Investor Relations Manager at 541-776-6819 or log-on to:
 Lithia.com -- About Lithia -- Investor Info.
 
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SOURCE Lithia Motors, Inc.
    MEDFORD, Ore., April 23 /PRNewswire Interactive News Release/ -- Lithia
 Motors, Inc. (NYSE:   LAD)
     Lithia Motors announced today that it has again been included in the
 Fortune 1000 List, which highlights the largest companies in the United States
 for the year 2000.  This is Lithia's second year on the list with a ranking of
 815, up 157 places from last year's position.
     Lithia is included in the "Automotive Retailing and Services" industry.
 According to Fortune's ranking of 69 industries, this industry ranked 1st in
 five-year profit growth at 70.5%, 12th in one-year profit growth at 21.8% and
 10th in one-year revenue growth at 27.3%.  Lithia grew its revenues by 34% and
 net profits by 27% in 2000.
     Sidney B. DeBoer, Chairman and Chief Executive Officer of Lithia Motors,
 Inc. stated, "We are very pleased to have continued our climb within the
 Fortune 1000 listing.  Over the last 4 years, Lithia has experienced average
 annual growth in revenues of 89%, net profits of 79% and EPS of 37%.  We
 expect continued revenue growth through acquisitions in 2001.  It is also
 worth noting that the automotive retailing sector substantially outperformed
 the specialty retail sector in revenue and profit growth, however, our sector
 still trades at a deep discount to that sector."
     Lithia operates 114 franchises in California, Oregon, Washington, Nevada,
 Colorado, Idaho, South Dakota and Alaska.  Lithia sells 26 brands of new
 vehicles at 56 stores and over the Internet through "Lithia.com -- America's
 Car & Truck Store."  Lithia also sells used vehicles; arranges finance,
 warranty, and credit insurance contracts; and provides vehicle parts,
 maintenance, and repair services at all of its locations.  Lithia retailed
 68,126 new and used vehicles in 2000. Lithia's current annualized revenue run
 rate, including all completed acquisitions, is over $1.7 billion.
     This press release includes forward-looking statements within the meaning
 of the "Safe-Harbor" provisions of the Private Securities Litigation Reform
 Act of 1995, which management believes are a benefit to shareholders.  These
 statements are necessarily subject to risk and uncertainty and actual results
 could differ materially due to certain risk factors, including without
 limitation economic conditions, acquisition risk factors and others set forth
 from time to time in the company's filings with the SEC.  Specific risks in
 this press release include continued revenue growth and revenue run rate.
     For additional information on Lithia Motors, contact:  Jeff DeBoer, Senior
 VP and Chief Financial Officer 541-776-6868 (E-mail:  invest@lithia.com) or
 Dan Retzlaff, Investor Relations Manager at 541-776-6819 or log-on to:
 Lithia.com -- About Lithia -- Investor Info.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X08427103
 
 SOURCE  Lithia Motors, Inc.