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Group 1 Automotive Announces Webcast of 2003 Second-Quarter Results

July 11, 2003

Group 1 Automotive, Inc., a specialty retailer, has announced it plans to conduct a conference call following the release of financial results for the second quarter ended June 30, 2003. B.B. Hollingsworth Jr., Group 1's chairman, president and chief executive officer, and Scott L. Thompson, executive vice president, chief financial officer and treasurer, will host the conference call on Thursday, July 31, 2003, at 11 a.m. Eastern Daylight Time following the release of the company's financial results prior to the market open.

The conference call will be simulcast live on the Internet and can be accessed by logging onto www.vcall.com, or www.group1auto.com. A replay will be available at these sites for 30 days.

A telephonic replay will be available following the call through August 31, 2003 by dialing: 800-405-2236 (domestic) or 303-590-3000 (international), passcode: 544024#.

About Group 1 Automotive, Inc.

Group 1 owns 73 automotive dealerships comprised of 114 franchises, 29 brands, and 25 collision service centers located in California, Colorado, Florida, Georgia, Louisiana, Massachusetts, New Mexico, Oklahoma and Texas. Through its dealerships and Internet sites, the company says it sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services; and sells replacement parts.

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