Group 1 Automotive, Inc. (GPI - Free Report) has partnered with Audi of America, Inc. to introduce monthly vehicle subscription service, Audi select. At present, the program is available at Group 1’s two car dealership locations in Dallas-Fort Worth metroplex. The two dealerships, where the program has been piloted, are Audi Fort Worth and Audi Grapevine.
The new vehicle subscription application, Audi select, enables customers to select vehicles among five Audi models, consisting A4, A5 Cabriolet, S5 Coupe, Q5 and Q7. At a subscription cost of $1,395, the application offers two vehicle exchanges in a month. Further, it offers two complimentary days of Silvercar premium rental a month along with maintenance, concierge service, insurance and vehicle delivery or pickup.
Per management, the collaboration will aid Group 1 to add customers through its customer service, stores and product lines.
Group 1 Automotive, Inc. Price and Consensus
Group 1 offers new and used cars, and light trucks through dealerships. Further, it assists customers by arranging vehicle financing, and providing automotive maintenance and repair services. The company operates 182 automotive dealerships across the United States, the U.K. and Brazil.
In the past three months, Group 1’s stock has gained 8.2%, outperforming 4.3% increase recorded by the industry it belongs to.
Zacks Rank & Other Key Picks
Group 1 currently sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the auto space include Advance Auto Part, Inc. (AAP - Free Report) , AutoZone, Inc. (AZO - Free Report) and Nissan Motor Company (NSANY - Free Report) . Advance Auto Part sports a Zacks Rank #1 while AutoZone and Nissan carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Advance Auto Part has an expected long-term growth rate of 12.3%. Over the past six months, shares of the company have gained 45.5%.
AutoZone has an expected long-term growth rate of 12.2%. Over the past six months, shares of the company have gained 21.8%.
Nissan has an expected long-term growth rate of 4.3%. Shares of the company have increased 3% over the past month.
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