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Group 1 Automotive

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.

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Group 1 Acquires Three Texas Dealerships

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

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.

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.

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.

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.

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.

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.

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.

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Updating F&I

Connecting F&I to the digital world was the talk at the annual dealer and lender conventions last month, and opinions varied on what the F&I office of the future will look like.

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