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Group 1

Group 1 Automotive CEO Earl Hesterberg to retire at the end...

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Group 1 Automotive Inc. has announced CEO Earl Hesterberg will retire at the end of this year. According to a statement made on Wednesday,...
automotive

CBT automotive newscast: August 25, 2022

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 Inside Automotive: Dealer Andy Wright weighs in on OEM direct-to-consumer selling models We are hearing even more buzz surrounding the direct-to-consumer model that EV makers and...
mergers and acquisitions

Dealership mergers and acquisitions keep going strong in July

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Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July...
Group 1

Group 1 Automotive Q2 revenues increase 14.3% compared to 2021

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Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1...
Group1

Group 1 Automotive buys 3 more dealerships and 1 collision center...

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Group 1 Automotive, one of the nation's largest automotive retailers, acquired three dealerships and a collision center located in Shreveport, Louisiana. The dealerships, including...

Group 1 Automotive revenue soars in Q1

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Group 1 Automotive, Inc. released its financial results on Wednesday, which showed the international auto retailer posted record numbers for the first quarter. Net...
Todd Skelton

Former CEO Todd Skelton reflects on his career at Prime Automotive...

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In the final quarter of 2021, Group 1 Automotive closed a deal to acquire nearly all of Prime Automotive’s assets. As we ushered in a new year and former executives and employees have now moved on, we’re checking in with the former CEO of Prime Automotive Group, now known as Ira Motor Group, Todd Skelton. […]
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Dealership M&A activity reaching feverish pace in third quarter

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For all of 2021, dealership sales, group mergers, and acquisitions have been occurring at a pace that defies convention. These profit centers have the ability to continue generating for the foreseeable future, yet more dealership sales are being reported in recent weeks than ever before. Group 1 Automotive has acquired Capital City Honda in Sacramento, […]
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Group 1

Group 1 Buys Prime Automotive Dealerships in $880 Million-Dollar Deal

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As of Monday, September 13, 2021, Group 1 Automotive Inc. has committed to purchase Prime Automotive Group. The $880 million deal includes Prime’s 30 stores, nearly all of the assets, real estate, and three collision centers. Last year, Prime Automotive Group generated $1.8 billion in revenue, while the stores sold more than 50,000 new and […]
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kerrigan report

Continued Profit Gains Can Be Attributed to These 2 Factors –...

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Ryan Kerrigan, Managing Director of Kerrigan Advisors, joins CBT Automotive to discuss August’s Kerrigan Index and the market’s strong transaction activity. The Kerrigan Index™ is composed of the seven publicly traded auto retail companies with operations focused on the US market, including CarMax, AutoNation, Penske Automotive Group, Lithia Motors, Group 1 Automotive, Asbury Automotive Group, […]
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