Lithia Motors, Inc. Presents at the Morgan Stanley Dean Witter Automotive Conference in New York

Apr 10, 2001, 01:00 ET from Lithia Motors, Inc.

    NEW YORK, April 10 /PRNewswire/ -- Lithia Motors, Inc. (NYSE:   LAD) is
 presenting today at the Morgan Stanley Dean Witter Automotive Conference in
 New York, New York. The conference features a cross-section of approximately
 30 of the country's leading automotive retailers, manufacturers and suppliers.
 Lithia Motors' Chairman and CEO, Sidney DeBoer will make a presentation
 outlining the company's near and long-term operating and growth strategies. A
 live webcast of the audio and slide portions of the presentation will be
 available on the Investor Relations section of Lithia's web site. To access
 the webcast log-on to Lithia.com, go to "About Lithia" then "Investor
 Relations" and click on the live webcast icon.
     The webcast will begin at approximately 1:00 p.m. EDT on April 10, 2001.
 Interested parties should log into the webcast 15 minutes early.  The webcast
 will be archived on the Investor Relations section of Lithia.com for
 approximately 2 months.
 
     The highlights of Lithia Motors presentation are as follows:
 
     -- 1)  The auto retailing sector is the largest retailing sector in the
            U.S. with over $700 billion in new and used vehicle sales. This is
            more than four times the size of the home improvement industry and
            eight times the consumer electronics industry. The industry still
            remains highly fragmented with approximately 22,000 stores operated
            by fewer than 15,000 owners.
     -- 2)  Lithia has an experienced auto-retailing management team that has
            been together for more than 30 years.  Management currently owns
            approximately 49% of the shares of Lithia Motors.
     -- 3)  From 1996 to 2000 Lithia has experienced average annual growth in
            revenues of 89%, in net profits of 79%, in earnings per share of
            37%, and in same-store-sales growth of 6.9%. In that same period
            revenues have increased by more than 11 times, and the operating
            margin has improved from 3.0% to 3.9%, which is the highest level
            in the sector.
     -- 4)  Lithia is well positioned to take advantage of any economic
            slowdown with a strong balance sheet (low long-term debt levels),
            strong cash flow from operations, an untapped $130 million
            acquisition credit line, and well established
            acquisition/integration teams and operating model. We will continue
            to acquire and hope to even accelerate acquisitions in 2001 and
            2002 particularly if prices for new acquisitions decline in this
            current economy.
     -- 5)  Lithia has a trailing P/E multiple of 8.3x, Enterprise Value/EBITDA
            multiple of 3.2x and book value per share of $14.50/share.
 
     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, which management
 believes are a benefit to shareholders. Within the meaning of the
 "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of
 1995, 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 industry data, acquisition plan, company
 valuation data, and revenue run rate.
     CONTACT:  Jeff DeBoer, Senior VP and Chief Financial Officer,
 541-776-6868, or invest@lithia.com, or Dan Retzlaff, Investor Relations
 Manager, 541-776-6819, or log-on to www.Lithia.com, both of Lithia Motors,
 Inc.
 
 

SOURCE Lithia Motors, Inc.
    NEW YORK, April 10 /PRNewswire/ -- Lithia Motors, Inc. (NYSE:   LAD) is
 presenting today at the Morgan Stanley Dean Witter Automotive Conference in
 New York, New York. The conference features a cross-section of approximately
 30 of the country's leading automotive retailers, manufacturers and suppliers.
 Lithia Motors' Chairman and CEO, Sidney DeBoer will make a presentation
 outlining the company's near and long-term operating and growth strategies. A
 live webcast of the audio and slide portions of the presentation will be
 available on the Investor Relations section of Lithia's web site. To access
 the webcast log-on to Lithia.com, go to "About Lithia" then "Investor
 Relations" and click on the live webcast icon.
     The webcast will begin at approximately 1:00 p.m. EDT on April 10, 2001.
 Interested parties should log into the webcast 15 minutes early.  The webcast
 will be archived on the Investor Relations section of Lithia.com for
 approximately 2 months.
 
     The highlights of Lithia Motors presentation are as follows:
 
     -- 1)  The auto retailing sector is the largest retailing sector in the
            U.S. with over $700 billion in new and used vehicle sales. This is
            more than four times the size of the home improvement industry and
            eight times the consumer electronics industry. The industry still
            remains highly fragmented with approximately 22,000 stores operated
            by fewer than 15,000 owners.
     -- 2)  Lithia has an experienced auto-retailing management team that has
            been together for more than 30 years.  Management currently owns
            approximately 49% of the shares of Lithia Motors.
     -- 3)  From 1996 to 2000 Lithia has experienced average annual growth in
            revenues of 89%, in net profits of 79%, in earnings per share of
            37%, and in same-store-sales growth of 6.9%. In that same period
            revenues have increased by more than 11 times, and the operating
            margin has improved from 3.0% to 3.9%, which is the highest level
            in the sector.
     -- 4)  Lithia is well positioned to take advantage of any economic
            slowdown with a strong balance sheet (low long-term debt levels),
            strong cash flow from operations, an untapped $130 million
            acquisition credit line, and well established
            acquisition/integration teams and operating model. We will continue
            to acquire and hope to even accelerate acquisitions in 2001 and
            2002 particularly if prices for new acquisitions decline in this
            current economy.
     -- 5)  Lithia has a trailing P/E multiple of 8.3x, Enterprise Value/EBITDA
            multiple of 3.2x and book value per share of $14.50/share.
 
     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, which management
 believes are a benefit to shareholders. Within the meaning of the
 "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of
 1995, 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 industry data, acquisition plan, company
 valuation data, and revenue run rate.
     CONTACT:  Jeff DeBoer, Senior VP and Chief Financial Officer,
 541-776-6868, or invest@lithia.com, or Dan Retzlaff, Investor Relations
 Manager, 541-776-6819, or log-on to www.Lithia.com, both of Lithia Motors,
 Inc.
 
 SOURCE  Lithia Motors, Inc.