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Lithia Motors Third Quarter 2008 Earnings Release and Conference Call Scheduled for October 28th, 2008


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MEDFORD, Ore. October 20, 2008:Lithia Motors, Inc. today announced that its third quarter 2008 earnings will be released on Tuesday, October 28th, 2008 at 1:05 p.m. PT. The Company will also be providing updated information on the progress of restructuring actions being taken.

CONFERENCE CALL INFORMATION

A conference call to discuss the earnings results and the restructuring plan progress is scheduled for the same day at 2:00 p.m. PT.

HOW TO PARTICIPATE:

DOMESTIC AND INTERNATIONAL CALLS: (973) 409-9255

Conference ID #: 68743692

Please call in at least 10 minutes prior to the beginning of the call.

To listen LIVE on our website or for REPLAY: Log-on to www.Lithia.com Go to Investor Relations and click on the Conference Call Icon.

A playback of the conference call will be available on the same day, approximately two hours after completion of the call, and will be available until November 11, 2008. The playback can be accessed by calling 800-642-1687 (access code: 68743692) or by visiting the Investor Relations section of the Lithia Motors website; LITHIA.