Lithia Motors Investor Presentation — July 2022

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Investor PresentationN Y S E : L A D

Forward -Looking Statements

Certain statements in this presentation, and at times made by our officers and representatives, constitute forward -looking

statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Genera lly,

you can identify forward -looking statements by terms such as "project", "outlook", "target", "may", "will", "would", "should", " seek",

"expect", "plan", "intend", "forecast", "anticipate", "believe", "estimate", "predict", "potential", "likely", "goal", "strat egy", "future",

"maintain", and "continue" or the negative of these terms or other comparable terms. Examples of forward -looking statements in t his

presentation include, among others, statements regarding:

▪Future market conditions, including anticipated car and other sales levels and the supply of inventory;

▪Our business strategy and plans, including our 2025 Plan or (“50/50” Plan) and any business expansion;

▪The growth, expansion, make -up and success of our network, including our acquiring additional and accretive stores;

▪Annualized revenues from acquired stores;

▪The growth and performance of our Driveway e -commerce home solution and Driveway Finance, their synergies and other

impacts on our business and our realizing Driveway and Driveway Finance -related targets;

▪The impact of sustainable vehicles and other market and regulatory changes on our business;

▪Our capital allocations and uses and levels of capital expenditures in the future;

▪Future expected operating and financial results, such as projections of improved store performance and generation of

future revenue or earnings;

▪Our anticipated financial condition and liquidity, including from our cash and the future availability on our credit facility ,

unfinanced real estate and other financing sources;

▪Our continuing to purchase shares under our share repurchase program;

▪Impacts from the continued COVID -19 pandemic;

▪Our compliance with financial and restrictive covenants in our credit facility and other debt agreements;

▪Our programs and initiatives for employee recruitment, training, and retention; and

▪Our strategies for customer retention, growth, market position, financial results and risk management.

Because forward -looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in

circumstances that are difficult to predict and many of which are outside of our control. Forward -looking statements are not