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Article: DeBoer: Snapped up struggling stores in small markets.(NEWS)
- Article from:
- Automotive News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Diana T. Kurylko
When Sid DeBoer took over his family's Chrysler-Dodge dealership in Ashland, Ore., in 1968, he laid the foundation for an auto retail group that would be among the first to go public in the late 1990s.
DeBoer moved the family-owned store to nearby Medford, Ore., in 1970. That city remains the headquarters for DeBoer's company, Lithia Motors Inc. DeBoer expanded the company slowly, using its profits to buy more dealerships while avoiding debt. He took Lithia public in 1996.
Today, Lithia sells 27 brands at 88 new-vehicle dealerships in 13 states. Half of its dealerships sell Detroit 3 brands. Only a small number sell ...
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Article: Lithia Motors, Inc.
International Directory of Company Histories;
700+ words
... ... x2013; 68 Walter DeBoer started Lithia Motors as a single store ... become a partner at Lithia Motors. First Steps ... 90 Together DeBoer and Heimann ... elements. First, DeBoer instituted public audits of Lithia Motors ’ books ...
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