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TAG SEARCH RESULT: Group 1 Automotive

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September 5, 2017 - Industry News

Group 1 Assesses Hurricane Harvey Impact

A preliminary assessment by Houston-based Group 1 Automotive found that employees were able to protect most of the company’s inventory in its Houston and Beaumont, Texas, stores from the devastating effects of Hurricane Harvey.

Tags: disaster relief, Group 1 Automotive, Hurricane Harvey, Natural Disaster

May 3, 2017 - Industry News

Group 1: Earnings Hurt by 'Extreme Weakness' in Oil-Dependent States

Not even another strong performance in U.S. new-vehicle margins, a record quarter in the group's U.K. market, and a profitable quarter in Brazil were enough to offset "extreme weakness" in Group 1's energy price-impacted markets.

Tags: F&I profit, Group 1 Automotive, new-vehicle sales, used-vehicle sales

February 14, 2017 - Industry News

Group 1’s U.S. F&I Team Delivers Record PVR

For the year, the nation’s third largest dealer group grew its U.S. F&I per-copy average by $129 from the prior year to $1,644. Company officials, however, tell investors and equity research analysts ‘not to model anything higher.’

Tags: F&I manager, F&I products, Group 1 Automotive, PVR

October 26, 2016 - Industry News

Group 1 Automotive Chooses Margin Over Volume in Q3

Margin over volume was the message coming out of Group 1 Automotive during its third-quarter earnings call. The dealer group reported that a sharp decline in unit sales offset improved new-vehicle margins, as well as gains in F&I and parts and service.

Tags: Financial Report, Group 1 Automotive, Third Quarter

April 28, 2016 - Industry News

Group 1's U.S. F&I Operations Delivers Record Q1 Performance

The dealer group's U.S. F&I operations increased its per-copy average by $26 to a record $1,564. Including operations in the United Kingdom and Brazil, the group's consolidated average increased 0.7% to $1,385.

Tags: Financial Report, First Quarter, Group 1 Automotive

February 16, 2016 - Industry News

Group 1's U.S. F&I Operations Stays Above $1,500 Per Copy in Q4

Group 1 Automotive's U.S. F&I operations realized a 4% increase in F&I profit per retail unit, with the group's per-copy average settling in at $1,525 in 2015's end-of-year quarter.

Tags: F&I manager, F&I products, Group 1 Automotive, PRU, PVR

November 4, 2015 - Industry News

Group 1's F&I Per-Copy Average Jumps $65 in the U.S. Market

While the international dealer group's consolidated per-copy average grew $27 to $1,352 in the third quarter, it's U.S.-based F&I operations saw its per-copy average rise $65 to $1,515. For the first nine months of 2015, the group's per-copy average is $1,529.

Tags: F&I, F&I profit, Group 1 Automotive, Quarterly Earnings

May 7, 2015 - Industry News

Group 1’s U.S. F&I Operations Achieves Record PVR Average

The international dealer group’s U.S. F&I operations grew its F&I per-copy average $80 from a year ago to a record $1,538. Training and execution were the drivers, officials said.

Tags: F&I, F&I profit, First Quarter, Group 1 Automotive, Quarterly Earnings

February 12, 2015 - Industry News

People and Process Drive Group 1’s U.S. Per-Copy Average to $1,521

Consolidating its lender base and improved availability of consumer financing were other reasons cited for the fourth-quarter performance of the group’s U.S.-based F&I operations.

Tags: F&I profit, Fourth Quarter, Group 1 Automotive, Quarterly Earnings

July 29, 2014 - Industry News

Group 1 Posts 12.3% Increase in F&I Revenue

The dealer group’s U.S. F&I operations raised its per-copy average $91 to $1,442 in the second quarter. On a year-to-date basis, the group's per-copy average rose $128 from a year ago to $1,499.

Tags: F&I products, GAP, Group 1 Automotive, Prepaid Maintenance, product penetration, Quarterly Earnings, vehicle service contracts

May 1, 2014 - Industry News

Strong March Helps Group 1 Rebound From Harsh Weather

Like other public groups, Group 1’s business was hampered in the first quarter by extreme weather conditions, losing about 9% of its total available selling days through Feb. 16. Luckily, March turned out to be a strong sales month for the group.

Tags: F&I sales, Group 1 Automotive, public dealer, Quarterly Earnings

February 20, 2014 - Industry News

Group 1 to Implement NADA Fair Lending Plan

The dealer group not only endorses the association’s fair lending plan, it plans to implement the program in the next several months, officials confirm.

Tags: Asbury Automotive, compliance, Consumer Financial Protection Bureau, Group 1 Automotive, NADA, Penske Automotive Group, Quarterly Earnings

December 10, 2013 - Industry News

Group 1 Acquires Ga.-Based Auto Group

Group 1 Automotive Inc. has completed the acquisition of Jay Automotive Group, which operates six franchises in Columbus, Ga.

Tags: Acquisition, Earl J. Hesterberg, Group 1 Automotive, Jay Automotive Group

November 12, 2013 - Industry News

Group 1 Acquires Three Texas Dealerships

Group1 Automotive acquired BMW, MINI and Cadillac dealerships in Arlington, Texas, from Moritz Dealerships.

Tags: BMW, Cadillac, Group 1 Automotive

May 2, 2013 - Industry News

Group 1 Assessing Storm Damage in Oklahoma City, Houston

Group 1 estimates that the storms in Oklahoma City and Houston caused damage to facilities and about 3,200 new and used vehicles. The auto retailer is continuing to assess overall damage.

Tags: Acura, Buick, Chevrolet, Chrysler, Dodge, GMC, Group 1 Automotive, Honda, Jeep, Nissan, Oklahoma City, Ram, Toyota

May 2, 2013 - Industry News

Group 1 Reports First-Quarter Performance

First-quarter net income was up 26.5 percent for the dealer group, while total gross profit grew 15.4 percent on 18 percent higher revenues.

Tags: First Quarter, Group 1 Automotive, Revenue

February 28, 2013 - Industry News

Group 1 Acquires UK Ford Dealerships

The automotive retailer acquired four Ford dealerships in the United Kingdom. They will operate under the “think Ford” brand name.

Tags: automotive retail, Dealership, Ford, Fortune 500, Group 1 Automotive, think Ford, United Kingdom

October 30, 2012 - Industry News

Group 1 Profits Rise 46 Percent in Q3

Group 1 posted a 46 percent increase in its third-quarter profit behind rising new-car sales and record-setting F&I penetration.

Tags: Earl J. Hesterberg, Group 1 Automotive, net income, profit, Quarterly Earnings, Third Quarter

July 26, 2012 - Industry News

Profits Rise for Lithia, Group 1

F&I performance helped both dealer groups realize strong profit gains in the second quarter, with Group 1 realizing another record-setting quarter in finance and insurance.

Tags: Bryan DeBoer, Earl J. Hesterberg, EPS, F&I, Group 1 Automotive, Lithia Motors, product penetration, PRU, Q2 2012

July 17, 2012 - Industry News

Group 1 to Offer ExxonMobil Products

A suite of ExxonMobil automotive lubricant products is slated to be featured at Group 1 dealerships throughout the U.S.

Tags: ExxonMobil, ExxonMobil Lubricants and Petroleum Spectialties C, Group 1 Automotive

April 26, 2012 - Industry News

Group 1 Records All-Time High for Gross Profit in Q1

Group 1 Automotive Inc. set new records for total gross profit, as well as first-quarter revenue and F&I gross profit per vehicle sold.

Tags: F&I profit, Group 1 Automotive, Vehicle Sales

October 18, 2011 - Industry News

Group 1 Buys GM Dealer, Opens VW and Fiat Stores

Group 1 announced the acquisition of David Taylor Cadillac Buick GMC in Houston, and opens up a FIAT and two Volkswagen dealerships in California and Texas.

Tags: Acquisition, Buick, Cadillac, Fiat, Franchised Dealerships, GMC, Group 1 Automotive, Volkswagen

July 7, 2011 - Industry News

Group 1 Automotive Completes $1.35 Billion Five-Year Revolving Credit Arrangement

Group 1 Automotive’s syndicated credit facility will provide $1.1 billion for inventory floorplan financing and $250 million for working capital, acquisitions and general corporate purposes.

Tags: Credit, Finance, floorplan financing, Group 1 Automotive

April 28, 2011 - Industry News

Group 1 Posts 49 Percent Increase in 1Q Profits

Group 1 Automotive Inc.'s adjusted net income increased 48.5 percent to $15.5 million for the quarter ended March 31.

Tags: F&I income, Group 1 Automotive, new-vehicle sales, used vehicles

July 6, 2010 - Industry News

Mercedes-Benz Financial Joins Group 1’s Credit Facility

Group 1 Automotive Inc., a Fortune 500 automotive retailer, announced today that Mercedes-Benz Financial has signed on as a partner to its existing $1.35 billion revolving credit facility that expires in March 2012. Mercedes-Benz Financial replaces BNP Paribas in the syndicated facility.

Tags: Group 1 Automotive, Mercedes-Benz Financial Services

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