Group 1 Automotive, Inc. (GPI) is a leading automotive retailer. Through a series of acquisitions, the company owns several dealership franchises. It sells new and used cars, provides maintenance and repair services, sells replacement parts and arranges vehicle financing and insurance. The company currently operates through 102 automotive dealerships in 14 states. Major sales were contributed by California, New England, Oklahoma, and Texas. The company also owns dealerships in Florida, Georgia, Colorado, Massachusetts, Louisiana, and New Mexico. The dominant brands and their respective portion of sales are Toyota (36%), Ford (15%), DaimlerChrysler (13%), Nissan (11%), and Honda (10%). New vehicle sales are 62% of sales, used vehicles 24%, parts and services 11%, and finance and insurance 3%. However, only 28% of profits are from new vehicle sales, while 37% is from parts and service and 20% is from finance and insurance.
[edit] References