Tag: Group 1 Automotive
Group 1 expands with Modern Classic Motors acquisition in South Carolina
On March 11, Group 1 Automotive, one of the nation's leading auto retailers, announced the acquisition of Modern Classic Motors in Hilton Head, South...
Dealership M&A roundup: Ken Ganley expands in Cleveland, Group 1 sells...
Ken Ganley Automotive Group has expanded its portfolio in Cleveland, Ohio, after buying Bob Gillingham Ford, now known as Ken Ganley Ford Parma, and...
Group 1 acquires 2 high-volume Lexus stores in California
Group 1 Automotive, one of the nation's largest and top-selling automotive retailers, announced the acquisition of Newport Lexus and Tustin Lexus from Wilson Automotive. The...
Group 1 Automotive supercharges Mid-Atlantic footprint with latest acquisition
Group 1 Automotive, one of the nation's largest auto retailing groups, announced today that it is expanding its U.S. portfolio in the greater Baltimore/Washington...
Group 1 Automotive installs 10,000 solar panels on dealership rooftops
One of the largest car dealership groups in the United States, Group 1 Automotive, has taken a significant step towards sustainability by completing the...
Group 1 offloads 4 dealerships, Lithia Motors sells last remaining North...
M&A activity has remained strong over the past few weeks, with Group 1 Automotive and other dealer groups making notable buy/sell deals throughout the...
Group 1 brings three new dealerships on board, expands Texas presence
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts.
In...
Group 1 Automotive beats Q1 revenue forecast, but sees net income...
Group 1 Automotive reported a revenue of $4.13 billion for the first quarter, beating forecasts and setting a new record for the period.
A Zacks...
Group 1 Automotive breaks records in Q4 of 2022
In contrast to other automotive retail statistics, Group 1 Automotive published strong performance numbers in the fourth quarter of 2022, after wrapping up one...
Group 1 Automotive CEO Earl Hesterberg to retire at the end...
Group 1 Automotive Inc. has announced CEO Earl Hesterberg will retire at the end of this year. According to a statement made on Wednesday,...