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Major automotive co. acquires New Mexico Lexus dealerships

The two dealerships are Lexus of Albuquerque and Lexus of Santa Fe, and their additions are expected to generate about $90 million in annual revenue, according to a Dec. 9 press release. Group 1 Senior Vice President Pete DeLongchamps said the deal closed Monday. He added that Lexus dealerships seldom go on the market, making the transaction an…

Source: The Business Journal

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