Group 1 Automotive has revealed record turnover and profits in an ‘outstanding’ Q1 for its car retail operations in the US and UK.
Group 1 Automotive has reported a 27.2% increase in revenues as gross profit rose 40.7% in its annual financial results for 2021.
Group 1 UK chief executive Earl J Hesterberg expressed hopes that strong car retail margins would persist for some time to come after recording increased profit and turnover in Q3 2021.
Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
Group 1 Automotive has added nine car dealerships to its UK operation with the acquisition of Robinsons Motor Group.
A free Automotive Management (AM) webinar is set to offer insight into the issue of service retention in a car retail sector driving to overcome the challenges posed by COVID-19.
Group 1 Automotive has reported a “solidly profitable” Q1 for its UK car dealerships, despite the impact of COVID-19 ‘Lockdown 3’ showroom closures.
A whole range of issues were discussed by some of the industry’s biggest hitters, who pulled no punches about the challenges facing them as they go into 2020.
Group 1 Automotive boss Earl J. Hesterberg has said that the retail group had been able to overcome “serious challenges presented by Brexit uncertainty in the UK” in 2019 thanks to its “powerful US performance”.
Group 1 Automotive will put up to 20,000 vehicles through BCA's auctions annually under a new exclusive remarketing contract.
Group 1 Automotive has parted company with its managing director Darren Guiver after the Spire Automotive founder decided to "take time away from the business”.
Group 1 Automotive has opened the doors to its new flagship five-storey Beadles Jaguar Land Rover (JLR) dealership in North West London.
Group 1 Automotive has become the first car retailer to adopt Audi’s latest corporate identity with the opening of its new 17-car showroom in Chelmsford.
Group 1 Automotive's president and CEO has said that Volkswagen encouraged its recent acquisition of dealerships from Inchcape despite its own plans for a period of consolidation in a “challenging” UK market.
Automotive industry leaders from Group 1 Automotive, Allianz Partners and Volvo have succeeded in raising over £202,000 by cycling 171 miles on the River Thames.
Automotive industry leaders from Group 1 Automotive, Allianz Partners and Volvo are just days away from starting their epic Thames Waterbike challenge in aid of the Ben charity.
There’s just one month to go until automotive industry leaders from Volvo, Allianz Partners and 1 Automotive take part in Thames Waterbike Ride for Ben.
Mercedes-Benz UK has opened a Group 1 Automotive-operated pop-up store in Norwich’s Intu Chapelfield Shopping Centre.
A trio of automotive industry leaders are preparing to juggle paddling and pedaling duties when they take on a 166-mile waterbike charity challenge in aid of BEN.
Group 1 Automotive has renewed its partnership with Manheim for remarketing services for 14,000 cars until the end of the year.
