As the coronavirus pandemic began to force the partial closure of many of its stores, Group 1 Automotive Inc. on March 25 announced furloughs and other cost-cutting measures.
The retailer initially said it would furlough about 3,000 employees for at least 30 days, while slashing executive salaries and closing stores in the U.K. and Brazil. It has since furloughed about 4,800 employees in the U.S. and 2,800 in the U.K., and it has terminated or furloughed more than 450 personnel in Brazil.
In the U.S., although sales dived in late March and early April, there have since been signs of recovery. Most of the company's 119 stores are now able to sell vehicles, in some cases by appointment or home delivery. Service operations in the U.S. have remained open throughout the crisis.