Lithia adds Mass. Toyota store to DCH lineup

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MEDFORD, Ore. –
After making its first DCH acquisition in late January, Lithia announced the second in line with the purchase of a Massachusetts Toyota store.
Lithia Motors has bought Ira Toyota/Scion of Milford, Mass., and the store will be renamed DCH Toyota/Scion of Milford.
The company said it expects the store will bring with it $65 million in estimated revenues.
Bryan DeBoer, Lithia president and chief executive officer, said, "We are pleased to announce the first East Coast acquisition within our metropolitan market strategy with DCH Toyota/Scion of Milford. This is the second store acquired by DCH and complements the Riverside Subaru acquisition announced last week.
“DCH Toyota/Scion of Milford is our first store in the state of Massachusetts and provides a platform for expansion into the greater Boston metropolitan area. We remain focused on continued acquisition growth within both rural and metropolitan markets in the future,” he continued.
This is the second purchase for the DCH brand after Lithia acquired DCH Auto in 2014.
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