Company Summary
Group 1 Automotive, Inc. is one of the leading automotive retailers in the world, with operations primarily located in the United States and the U.K. The company's retail network consisted of 150 and 55 dealerships in the United States and the U.K., respectively. Through these dealerships, the firm sells new and used cars and light trucks. Apart from selling new and used vehicles, the company offers vehicle financing, insurance and service contracts. It also provides maintenance and repair services, along with the sale of replacement parts and aftermarket automotive products.
The core brands of vehicles sold by Group 1 Automotive are Toyota/Lexus, BMW, Honda, Ford, Nissan, General Motors, Chrysler, Volkswagen/Audi/Porsche, Mercedes-Benz, Nissan, Jaguar and Hyundai.
In 2023, New Vehicle represented 51.6%; Used Vehicle contributed 32%; Service and Parts accounted for 12.2% and Finance & Insurance represented 4.1% of the company’s total revenues.
Group 1 divested its Brazilian operations in 2022 and currently operates through two reportable segments — the United States and the United Kingdom. In the United States, the major metropolitan areas in which the company has a presence are — Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Maine, Oklahoma, South Carolina and Texas.
The firm’s online retail platform, AcceleRide, which was deployed to all U.S. dealerships in 2019, allows for a comprehensive shopping experience for customers. The customer can also apply for financing and review and select F&I products as part of the online process.