Group 1 Automotive to focus on cost control and efficiency ahead of major UK expansion

US retail giant Group 1 Automotive will remain focused on improving cost control and efficiency at its UK businesses ahead of adding Inchcape’s 54 dealerships to its portfolio.

In second-quarter financial results, the business posted total revenues of $4.7 billion, a 3% increase year-on-year, achieving a quarterly all-time record in terms of US new vehicle ($2 billion), parts and service ($497.4m), and finance and insurance ($183.9m) revenues. 

Despite challenges in the US including extreme weather events and a CDK outage which cost the business $17m, Group 1 said it remains intent on improving its performance in the UK.