Houston-based Group 1 Automotive, Inc., a Fortune 500 automotive retailer, is a leading operator in the $1 trillion automotive retailing industry.
Since its initial public offering in October 1997, Group 1 has grown to become one of the top five dealership groups in the United States.
The company has achieved this success through the execution of a strategy that emphasizes geographic and brand diversity, interrelated revenue streams, operational efficiencies and the prudent deployment of capital.
Group 1 owns and operates 97 dealerships, 129 franchises and 24 collision service centers in the United States and the United Kingdom that offer 31 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services; and sells replacement parts.
Group 1′s strategy is founded on standardized practices to achieve operating efficiencies, industry-leading customer service, disciplined acquisition growth and diversity in geographic reach and brands marketed.
The company’s success is attributable to their continued focus on customers, successful integration of acquisitions and their flexible operating model.
Group 1 operates under a consolidated regional structure that allows them to leverage their scale and standardize their processes to create operating efficiencies, while keeping operational decision making close to the market.
For 2009, Group 1 plans to focus on its strategic initiatives to become a best-in-class automotive retailer.
For more information, please visit http://www.group1auto.comok