Group 1 Automotive

Group 1 warns weather will dent 1st-quarter sales, profits

5:33 pm U.S. ET | Feb. 18, 2014
Group 1, citing severe winter weather that has forced stores to close and showroom traffic to decline, warned Tuesday that its first-quarter earnings will come in lower than expected.... Read More »

 

Group 1's Q4 net income, revenue rise despite challenges

9:09 am U.S. ET | Feb. 5, 2014
Group 1 Automotive said today its fourth quarter and 2013 net income and revenue grew despite challenges to new- and used-vehicle profits in the United States. The auto retailer saw profit gains from its parts and service business and finance and insurance sales.... Read More »

 

Group 1 buys two stores in San Diego market

11:51 am U.S. ET | Jan. 22, 2014
Group 1 Automotive has acquired two dealerships from the Homer Heller Automotive Group in Escondido, Calif. The deal further expands Group 1's footprint in the San Diego market.... Read More »

 

Dealer acquisition spend doubles in first 3 quarters

12:01 am U.S. ET | Dec. 30, 2013
Acquisition spending on U.S. dealerships by public retailers more than doubled during the first three quarters of 2013 from the same period in 2012.... Read More »

 

Group 1 buys 5 Ga. dealerships

1:42 pm U.S. ET | Dec. 10, 2013
Group 1 Automotive has acquired five dealerships from Jay Automotive Group in Columbus, Ga. The deal further cements Group 1's presence in that market after it bought Rivertown Ford there last year, the company said in a statement Monday.... Read More »

 

Group 1 body shops prep for the age of aluminum

12:01 am U.S. ET | Dec. 2, 2013
In the battle for dealership profitability, Group 1 Automotive is betting on a metal, and it's not gold.... Read More »

 

Group 1 buys 3 Texas stores from Moritz

12:03 pm U.S. ET | Nov. 12, 2013
Group 1 Automotive Inc. said today that it has purchased three dealerships in Arlington, Texas.... Read More »

 

Group 1 Automotive net rises 5% amid higher expenses

10:49 am U.S. ET | Oct. 24, 2013
Group 1 Automotive said today that third-quarter net profit rose 5 percent from the year-earlier period on an 18 percent rise in revenues. It said profits were held back by higher expenses and thinner margins on lagging vehicle sales.... Read More »

 

Dealership Buy/Sell

12:01 am U.S. ET | Oct. 21, 2013
Recent dealership acquisitions include Bedford South Point Ford in South Port, Ohio; Joe Marina Honda in Tusla, Okla.; Bob Barbour Honda in Greenville, N.C.; Stockton Nissan-Kia in Stockton, Calif.; and Muller Hyundai in Stewartsville, N.J.... Read More »

 

FACE TO FACE

Hesterberg learned hustle as a teen cleaning windows

12:01 am U.S. ET | Sept. 30, 2013
Before becoming Group 1's CEO in 2005, Earl Hesterberg spent several years at Ford, Nissan and Gulf States Toyota. But his first glimpse of cutthroat competition in the auto world came while working at a Shell station in Cincinnati as a teenager.... Read More »

 

Group 1 CEO sees little threat from higher interest rates

12:01 am U.S. ET | Sept. 9, 2013
Group 1 Automotive Inc. CEO Earl Hesterberg expects the U.S. auto market to remain robust, even with a likely rise in interest rates.... Read More »

 

Group 1 mulls rebranding stores -- later

12:01 am U.S. ET | Sept. 2, 2013
Group 1 Automotive Inc. is considering rebranding many of its 139 stores with the Group 1 name -- but not anytime soon.... Read More »

 

Group 1 raises dividend 6%

11:46 am U.S. ET | Aug. 15, 2013
Group 1 Automotive, the nation's fourth-largest dealership, raised its quarterly cash dividend by 6 percent, or 1 cent per share.... Read More »

 

Lithia's 3-point plan to boost F&I

12:01 am U.S. ET | Aug. 12, 2013
Public retailer Lithia Motors Inc. increased per-vehicle F&I revenue by 4 percent in the second quarter, to $1,098. And CEO Bryan DeBoer isn't satisfied.... Read More »

 

3 public groups post higher profits; Sonic lags

12:01 am U.S. ET | July 29, 2013
Group 1 Automotive Inc., Asbury Automotive Group and Lithia Motors Inc. posted sharply higher revenues and profits for the second quarter, buoyed by strong new-vehicle sales and solid profits from used vehicles, parts and service, and finance and insurance.... Read More »

 

Group 1 acquires La. Ford store, preps for more acquisitions

12:38 pm U.S. ET | June 25, 2013
Group 1 Automotive, the nation's fourth-largest auto dealership group, has acquired Rountree Ford-Lincoln in Shreveport, La. Separately, Group 1 said it secured a revolving credit to give it added capital for more acquisitions over the next five years.... Read More »

 

Group 1 sells four dealerships

3:51 pm U.S. ET | June 7, 2013
Group 1 Automotive sold four dealerships during the past three weeks and will post a one-time net pretax gain of $8.3 million during the second quarter.... Read More »

 

Retired Texas dealer McCall supports Tesla

12:01 am U.S. ET | May 13, 2013
Retired Texas auto dealer Sterling McCall surprised fellow dealers in April when he testified in favor of Tesla Motors Inc.'s bid to carve out an exemption to state franchise law. But after buying two Teslas himself -- and taking delivery of his Model S in a high school parking lot -- McCall became convinced that the current Texas law is unfair to the electric vehicle maker.... Read More »

 

Public retail groups: 'We're fighting tooth and nail' for margins

12:01 am U.S. ET | May 6, 2013
Profit margins on new vehicles are slipping for the nation's largest dealership groups as manufacturers and retailers slug it out for market share. New-car margins dropped for all the public dealership groups during the first quarter of 2013.... Read More »

 

Group 1 operating income rises on higher new-vehicle sales

10:40 am U.S. ET | May 2, 2013
Higher new-vehicle sales and increased gross profits in all business segments drove Group 1 Automotive's operating income higher during the first quarter of 2012, but net income dropped 4 percent.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, needed more used cars. But driving 150 miles to the nearest auction was time-consuming and costly. Mon., April 14
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