Group 1 Automotive

Group 1 names banker Doyle Arnold to its board

12:51 pm U.S. ET | Feb. 27, 2015

Group 1 Automotive has named a new director to its board seven days after another director resigned. The retailer said today its board of directors appointed Doyle Arnold, 66, as a Class I Director, effective immediately....
Read More »

Group 1 director resigns citing Buffett-Van Tuyl deal

5:27 pm U.S. ET | Feb. 24, 2015

Group 1 Automotive board member Beryl Raff has resigned, citing a potential conflict of interest related to her employer, Berkshire Hathaway, and its pending purchase of the Van Tuyl dealership group. Raff gave up her seat on Feb. 20, Group 1 said in an SEC filing....
Read More »

Trouble in the oil patch? Group 1 says it's ready

12:01 am U.S. ET | Feb. 9, 2015

Houston's Group 1 Automotive hasn't seen sales soften yet in the oil patch because of the drop in energy prices. But the nation's third-largest auto retailer is bracing for a drop....
Read More »

Group 1's adjusted Q4 net hits record; GAAP operating profits, net fall

8:56 am U.S. ET | Feb. 5, 2015

Group 1's fourth-quarter adjusted net income rose 41 percent to a record $41 million, on an 11 percent rise in revenue, the nation's third-largest auto retailer said today....
Read More »

Group 1 and Prestige settle Fla. buy-sell dispute

3:50 pm U.S. ET | Jan. 29, 2015

A dispute between Prestige Motor Car Imports and Group 1 Automotive over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides said....
Read More »

Group 1 snaps up 3 more dealerships in the UK

3:45 pm U.S. ET | Dec. 1, 2014

Group 1 Automotive Inc. is expanding its presence overseas with the purchase of three BMW-Mini dealerships in the United Kingdom. Terms were not disclosed, but the stores are expected to generate $225 million in annual revenues, Group 1 said in a statement....
Read More »

Kuni Automotive COO Herman dies at 72

4:02 pm U.S. ET | Oct. 31, 2014

Joseph Herman, COO of dealership group Kuni Automotive and a 40-year veteran of the auto retailing industry, died the morning of Oct. 29 after a year-long battle with pancreatic cancer....
Read More »

Group 1 slows acquisitions

12:01 am U.S. ET | Oct. 27, 2014

Group 1 Automotive Inc., put off by high prices for dealerships and unacceptable returns, will slow its acquisition pace in the near term....
Read More »

Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014

Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans....
Read More »

Asbury names former Group 1, RML exec David Hult COO

10:50 am U.S. ET | Oct. 24, 2014

Former Group 1 and RML Automotive executive David Hult will become the next COO of Asbury Automotive Group Inc. as the public retailer expands a used-car store initiative and looks to grow through acquisitions....
Read More »

Group 1 slows acquisition pace

1:03 pm U.S. ET | Oct. 23, 2014

Put off by high prices for dealerships and unacceptable returns, Group 1 Automotive will slow its acquisition pace in the near term, CEO Earl Hesterberg said today....
Read More »

Group 1 exits N.Y., looks south

12:01 am U.S. ET | Sept. 22, 2014

Group 1 Automotive's latest buy-sells take it out of the Long Island, N.Y., market as the dealership group seeks to add stores in the Carolinas and Virginia....
Read More »

Wall Street sees value in Group 1, Lithia acquisitions

12:01 am U.S. ET | Sept. 15, 2014

In the dealership acquisition market, reward follows risk. The two most active acquirers among public dealership groups -- Group 1 Automotive and Lithia Motors -- are also the winners when it comes to rising valuations, according to a report released last week by dealership buy-sell adviser Erin Kerrigan....
Read More »

Dealership Buy/Sell

12:01 am U.S. ET | Sept. 1, 2014

Group 1 Automotive, Lithia Motors and others made acquisitions....
Read More »

Group 1 Q2 profit tumbles 55% on Brazilian problems

9:47 am U.S. ET | July 24, 2014

Group 1 Automotive today said its second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which accounts for 8 percent of its revenue....
Read More »

Group 1 acquires Munday dealerships in Houston

3:59 pm U.S. ET | July 21, 2014

Group 1 Automotive, the third-largest auto dealer group based in the United States, has acquired Houston dealerships Munday Chevrolet and Munday Mazda, the company said today....
Read More »

Dealership Buy/Sell

12:01 am U.S. ET | July 21, 2014

This Automotive News feature lists recent dealership acquisitions as reported by brokers, official announcements and news media....
Read More »

Group 1 sues Florida dealership over buy-sell dispute

3:54 pm U.S. ET | June 26, 2014

Group 1 Automotive thought it had a done deal to buy an Audi store in North Miami Beach from Prestige Motor Car Imports for $72 million. But Prestige said no. Now Group 1 is suing the luxury-import retailer to complete the transaction....
Read More »

Public retailers want to take the wheel on leads

12:01 am U.S. ET | April 28, 2014

Public dealership groups are moving to improve their own online lead development and reduce reliance on third-party lead providers....
Read More »

APRIL U.S. SALES

U.S. sales on track to rise 9% in April, 2 forecasts show

3:44 pm U.S. ET | April 24, 2014

Auto sales are on pace to rise 9 percent in April from a year ago, as warmer weather coaxes out more shoppers who stayed home during the unusually harsh winter, according to two forecasts released today....
Read More »

Group 1 Q1 profit rises 7%, revenue up 15%

10:21 am U.S. ET | April 24, 2014

Group 1 Automotive Inc. reported first-quarter net income of $31.3 million, a 7 percent improvement over the same quarter a year ago. The retailer's revenue rose 15 percent to $2.3 billion....
Read More »

JIM HENRY

BLOG: Why Group 1 finds F&I a tougher sell overseas

12:01 am U.S. ET | April 23, 2014

Think F&I managers have it tough making a sale in the United States? It’s a lot tougher in the United Kingdom and in Brazil, Group 1 Automotive says....
Read More »

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
Seattle VW dealer mixes metrics and fun

Seattle VW dealer mixes metrics and fun

Matthew Welch may own Auburn Volkswagen, but the title he cherishes is “chief relationship officer.' Mon., April 13
» Watch the Video
     
News by Brand