UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*

                               Lithia Motors, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    536797103
                                 (CUSIP Number)

                                December 31, 2007
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X]  Rule 13d-1(b)

[ ]  Rule 13d-1(c)

[ ]  Rule 13d-1(d)

*    The remainder of this cover page shall be filled out for a reporting
     person's initial filing on this form with respect to the subject class of
     securities, and for any subsequent amendment containing information which
     would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



SCHEDULE 13G
CUSIP No. 536797103

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1.   Names of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only).

     Invesco Ltd.

        AIM Funds Management Inc.
        PowerShares Capital Management LLC

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2.   Check the Appropriate Box if a Member of a Group (see Instructions) (a) [ ]
                                                                         (b) [ ]

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3.   SEC Use Only

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4.   Citizenship or Place of Organization
     Invesco Ltd.  - Bermuda

        AIM Funds Management Inc. - Canada
        PowerShares Capital Management LLC - U.S.
--------------------------------------------------------------------------------
               5.  Sole Voting Power 2,702,339: Such shares are held by the
                   following entities in the respective amounts listed:

                   AIM Funds Management Inc. - 2,695,800
                   PowerShares Capital Management LLC - 6,539

               -----------------------------------------------------------------
  Number of    6.  Shared Voting Power
   Shares
Beneficially       -0-
  Owned by     -----------------------------------------------------------------
   Each        7.  Sole Dispositive Power 2,702,339: Such shares are held by the
 Reporting         following entities in the respective amounts listed:
Person With
                   AIM Funds Management Inc. - 2,695,800
                   PowerShares Capital Management LLC - 6,539
               -----------------------------------------------------------------
               8.  Shared Dispositive Power

                   -0-
--------------------------------------------------------------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person:

     2,702,339
--------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions)                                                      N/A
--------------------------------------------------------------------------------
11.  Percent of Class Represented by Amount in Row (9)

     16.93%
--------------------------------------------------------------------------------
12.  Type of Reporting Person (See Instructions) IA, HC. See Items 2 and 3 of
     this statement.
--------------------------------------------------------------------------------



SCHEDULE 13G

Item 1(a) Name of Issuer:

     Lithia Motors, Inc.

Item 1(b) Address of Issuer's Principal Executive Offices:

     360 East Jackson Street
     Medford, OR 97501

Item 2(a) Name of Person Filing:

     INVESCO LTD.

     In accordance with Securities and Exchange Commission Release No. 34-39538
     (January 12, 1998), this statement on Schedule 13G or amendment thereto is
     being filed by Invesco Ltd. ("INVESCO"), a Bermuda Company, on behalf of
     itself and its subsidiaries listed in Item 4 of the cover of this
     statement. INVESCO through such subsidiaries provides investment management
     services to institutional and individual investors worldwide.

     Executive officers and directors of Invesco or its subsidiaries may
     beneficially own shares of the securities of the issuer to which this
     statement relates (the "Shares"), and such Shares are not reported in this
     statement. Invesco and its subsidiaries disclaim beneficial ownership of
     Shares beneficially owned by any of their executive officers and directors.
     Each of Invesco's direct and indirect subsidiaries also disclaim beneficial
     ownership of Shares beneficially owned by Invesco and any other subsidiary.

Item 2(b) Address of Principal Business Office:

     1360 Peachtree Street NE
     Atlanta, GA 30309
     United States

Item 2(c) Citizenship:

     See the response to Item 2(a) of this statement.

Item 2(d) Title of Class of Securities:

     Common Stock, $.01 par value per share

Item 2(e) CUSIP Number:

     536797103

Item 3 If this statement is filed pursuant to ss240.13d-1(b) or

     240.13d-2(b) or (c), check whether the person filing is a:

     (e) [x] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E)

     (g) [x] A parent holding company or control person in accordance with
section 240.13d-1(b)(1)(ii)(G)

     As noted in Item 2 above, Invesco is making this filing on behalf of its
     subsidiaries listed herein. Each of these entities is either an investment
     adviser registered with the United States Securities and Exchange
     Commission under Section 203 of the Investment Advisers Act of 1940, as
     amended, or under similar laws of other jurisdictions. Invesco is a holding
     company.



Item 4 Ownership:

     Please see responses to Items 5-8 on the cover of this statement, which are
     incorporated herein by reference.

Item 5 Ownership of Five Percent or Less of a Class:

     If this statement is being filed to report the fact that as of the date
     hereof the reporting person has ceased to be the beneficial owner of more
     than five percent of the class of securities, check the following [ ]

Item 6 Ownership of More than Five Percent on Behalf of Another Person:

     N/A

Item 7 Identification and Classification of the Subsidiary Which Acquired
     the Security Being reported on By the Parent Holding Company:

     Please see Item 3 of this statement, which is incorporated herein by
     reference.

Item 8 Identification and Classification of Members of the Group:

     N/A

Item 9 Notice of Dissolution of a Group:

     N/A

Item 10 Certification:

     By signing below I certify that, to the best of my knowledge and belief,
     the securities referred to above were acquired and are held in the ordinary
     course of business and were not acquired and are not held for the purpose
     of or with the effect of changing or influencing the control of the issuer
     of the securities and were not acquired and are not held in connection with
     or as a participant in any transaction having that purpose or effect.

     Signature:

     After reasonable inquiry and to the best of my knowledge and belief, I
     certify that the information set forth in this statement is true, complete
     and correct.

                                        01/09/2008
                                        Date

                                        Invesco Ltd.


                                        By: /s/ Lisa Brinkley
                                            ------------------------------------
                                            Lisa Brinkley
                                            Global Compliance Director