FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DEBOER JEFFREY B 		2. Issuer Name and Ticker or Trading Symbol

LITHIA MOTORS INC [ LAD ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior Vice President, CFO
(Last)          (First)          (Middle)

360 E. JACKSON ST. 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/11/2008
(Street)

MEDFORD, OR 97501
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common                  9711.00   D  
 
Class A Common                  2853.00   I   By 401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)   $5.37   8/11/2008     A     50000         (1) 8/11/2014   Class A Common   50000.00   $0   50000.00   D  
 
Class B Common   $0.00                     (2)   (2) Class A Common   1871.00     1871.00   I   By Custodian For Child  
Class B Common   $0.00                     (2)   (2) Class A Common   66348.00     66348.00   I   Interest owned by a LLC   (3)
Stock Option (2000a) (NQ) (right to buy)   $16.75                     (4) 1/6/2010   Class A Common   6750.00     6750.00   D  
 
Stock Option (2002nq) (right to buy)   $15.13                   12/26/2007   12/26/2012   Class A Common   8000.00     8000.00   D  
 
Stock Option (right to buy)   $29.42                   3/11/2009   3/11/2010   Class A Common   8001.00     8001.00   D  
 
Stock Option (right to buy)   $27.58                   2/9/2010   2/9/2011   Class A Common   12000.00     12000.00   D  
 
Stock Option (1999bj) (NQ) (right to buy)   $16.50                   1/1/2004   1/1/2009   Class A Common   4000.00     4000.00   D  
 
Stock Option (2000aj) (NQ) (right to buy)   $16.75                     (5) 1/6/2010   Class A Common   13250.00     13250.00   D  
 
Stock Option (2000bj) (NQ) (right to buy)   $16.75                   1/6/2005   1/6/2010   Class A Common   4000.00     4000.00   D  
 
Stock Option (2001nq) (right to buy)   $19.24                   12/26/2006   12/26/2011   Class A Common   8000.00     8000.00   D  
 
Stock Option (right to buy)   $31.67                   3/10/2011   3/10/2012   Class A Common   14000.00     14000.00   D  
 
Stock Option (right to buy)   $28.34                   3/9/2012   3/9/2013   Class A Common   14000.00     14000.00   D  
 
Stock Option (right to buy)   $9.38                   3/10/2012   3/9/2014   Class A Common   15000.00     15000.00   D  
 

Explanation of Responses:
( 1)  These opitions vest 50% on 2nd anniversary, 25% on 3rd anniversary and 25% on 4th anniversary.
( 2)  Class B Common converts to Class A Common on a 1:1 ratio at holder's discretion.
( 3)  Mr. DeBoer is a member in the DeBoer Insurance, LLC which is a member of Lithia Holding Company, LLC, the owner of all of the Class B Common stock of Lithia Motors.
( 4)  Beginning on the1st anniversary of the grant date, the options vest as to 20% of the total grant on each of the 1st through the 5th anniversaries.
( 5)  The options vest as follows: 3,402 on 1/6/01; 3,402 on 1/6/02; 2,447 on 1/6/03; 2,029 on 1/6/04; and 1,970 on 1/6/05.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DEBOER JEFFREY B
360 E. JACKSON ST.
MEDFORD, OR 97501

Senior Vice President, CFO

Signatures
By: Cliff E. Spencer, Attorney in Fact 8/12/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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