Group 1 Automotive, Inc. is one of the leading automotive retailers in the world, with operations primarily located in the United States, UK and Brazil. As of Dec 31, 2020, the company's retail network consisted of 117, 50 and 17 dealerships in the United States, U.K. and Brazil, 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 and insurance and service contracts. Further, it provides maintenance and repair services, along with 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 2020, New Vehicle represented 51.4%; Used Vehicle Retail contributed 28.6%; Used Vehicle Wholesale represented 2.8%, Service and Parts accounted for 12.9%; and Finance & Insurance represented 4.3% to the company’s total revenues.
The company operates through three reportable segments — the United States, the United Kingdom and Brazil. Percentage of new vehicle retail units sold in the U.S., U.K. and Brazilian market stood at 72%, 22% and 6%, respectively.
In the United States, the major metropolitan areas in which the company has presence are — Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina and Texas.
Its operations in the U.K. is majorly located in 33 towns while in Brazil, it has significant presence in the states, including Sao Paulo, Parana, Mato Grosso do Sul and Santa Catarina.
The firm’s online retail platform, AcceleRide, which was deployed to all the U.S. dealerships in 2019, allows for a comprehensive shopping experience to the customers. The customer also has the ability to apply for financing and review and select F&I products as part of the online process. Last year, Group 1 rolled out AcceleRide to U.K. dealerships as well and expects to complete this by the second half of 2021.