Lithia Motors has acquired Jay Wolfe Ford in Omaha, Nebraska which will be renamed Lithia Ford of Omaha.

The store had sales of approximately $US55 million in 2001 and was paid for in cash.

Lithia Motors chairman and CEO Sid DeBoer said: “This is our first store in Omaha, Nebraska which is a strong regional market in the Midwest.

“Lithia should do well in Omaha with its low unemployment, stable growth and a strong sense of community.

“This store has a great location and a lot of potential for growth.”

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The Omaha dealership is Lithia’s seventh store acquisition of the year.