What does DCH Auto Group stand for?

Dah Chong Hong
DCH stands for Dah Chong Hong, which means “great prosperous company” in Chinese. After starting as a trading company in the 1940s, DCH acquired interests in real estate, food, textiles and dealerships. In the 1990s, the U.S. operation broke away from its Hong Kong parent and narrowed its focus to automotive retailing.

Who is the owner of DCH?

Lithia Motors Inc
NEW YORK (Reuters) – Lithia Motors Inc said on Sunday it has agreed to buy DCH Auto Group Inc for $362.5 million, giving the automotive retailer a presence in the eastern United States for the first time.

How many dealerships does DCH own?

California is home to 17 DCH Auto Group new and used car dealerships including three Scion dealers, two Acura dealers, four Honda dealers, and three Toyota dealers. There is also a Jeep dealership, a Lexus dealership, a Dodge dealership, a Chrysler dealership, and an Audi dealership.

When did Lithia buy DCH?

2014
With the acquisition of the DCH Auto Group in late 2014, Lithia expanded to 139 stores in 14 states across the US, Hawaii, and Alaska.

What are Lithia Motors?

Lithia Motors, Inc. is one of the largest automotive group retailers in the United States and is among the fastest growing companies in the Fortune 500 with 264 stores in 24 states. We offer 38 brands of new vehicles and all brands of used cars in our stores and online at hundreds of websites.

Is Lithia a good company?

Great place for dedicated people Lithia Motors is a great place to work if your dedicated and want to earn a decent living. Very goal oriented and being a self starter is must. Overall the company has a great management team and plenty of room for growth.

Is DCH part of Lithia?

Bryan DeBoer: “The DCH organization is an ideal fit with our existing team.” Lithia Motors Inc. said it completed the purchase of DCH Auto Group Inc., one of the largest buy-sell deals between dealership groups in recent history.

Who is the CEO of Lithia Motors?

Bryan B Deboer (May 2012–)
Lithia Motors/CEO

What is Lithia Motors known for?

How much did Lithia Motors pay for the Suburban Collection?

But Lithia CEO Bryan DeBoer, in an interview, said the price Lithia has paid for recent acquisitions has been equal to 15 to 25 percent of a dealership group’s annual revenue, and that the Suburban deal fell in the middle of that range. That would make the value of the deal about $500 million.

Is Lithia Motors a Fortune 500 company?

Lithia is accelerating because of nine acquisitions and the auto industry comeback….Company Information.

https://www.youtube.com/user/dchauto