Lithia Motors acquires DCH Auto Group

, Posted: Sun, June 15 2014 at 10:50 PM, Updated: Sun, June 15 2014 at 10:54 PM

Medford, Ore. -- Lithia Motors announced Sunday they have purchased DCH Auto group based in New Jersey.

The merger means that Lithia will acquire 100% percent of the outstanding shares of DCH, estimated at $340 million.

DCH stores are estimated to generate approximately $2.3 billion in annualized revenue.

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