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Lithia Motors Announces Earnings Release and Conference Call Information for Third Quarter 2003

MEDFORD, Ore., Oct. 9, 2003 -- Lithia Motors, Inc. today announced that its third quarter 2003 earnings will be released on Tuesday, October 28th at 5 a.m., Pacific Time.

CONFERENCE CALL INFORMATION

A conference call to discuss the results for the third quarter 2003 will be held on the same day at: 7 a.m. PT, 8 a.m. MT, 9 a.m. CT and 10 a.m. ET.

  HOW TO PARTICIPATE:

  DOMESTIC AND INTERNATIONAL CALLS:  973-582-2700

  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 replay will be available at the Investor Relations section of the Lithia Motors website: www.Lithia.com.

An audio playback of the conference call will be available on October 28 after 11:00 a.m., Pacific Time, through November 7, 2003. The playback can be accessed by calling 973-341-3080 (access code: 4224753).

Lithia Motors, Inc. is a Fortune 1000 and Russell 2000 Company that sells 24 brands of new vehicles and operates 78 stores and 143 franchises in 12 states in the Western United States 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 91,478 new and used vehicles and had $2.38 billion in total revenue in 2002.

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, Director Investor Relations at 541-776-6819 (dretzlaff@lithia.com) or log-on to: www.lithia.com -- go to About Lithia -- Investor Relations

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