Group 1 Automotive Increases Quarterly Cash Dividend

             Group 1 Automotive Increases Quarterly Cash Dividend

PR Newswire

HOUSTON, May 16, 2013

HOUSTON, May 16, 2013 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), a
Fortune 500 automotive retailer, today announced that its board of directors
declared a cash dividend of $0.16 per share for the first quarter of 2013. The
dividend, which represents an increase of 6.7 percent, or $0.01 per share,
from the fourth quarter of 2012, will be payable on June 17, 2013, to
stockholders of record on June 3, 2013.

Earl J. Hesterberg, Group 1's president and chief executive officer, said,
"Based on Group 1's record-setting financial results, the board of directors
is pleased to reward the company's shareholders with another dividend
increase."

About Group 1 Automotive, Inc.
Group 1 owns and operates 142 automotive dealerships, 181 franchises, and 35
collision centers in the United States, the United Kingdom and Brazil that
offer 35 brands of automobiles. Through its dealerships, the company sells new
and used cars and light trucks; arranges related vehicle financing, service
and insurance contracts; provides automotive maintenance and repair services;
and sells vehicle parts.

Group 1 Automotive can be reached on the Internet at www.group1auto.com.

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, which are statements
related to future, not past, events and are based on our current expectations
and assumptions regarding our business, the economy and other future
conditions. In this context, the forward-looking statements often include
statements regarding our goals, plans, projections and guidance regarding our
financial position, results of operations, market position, pending and
potential future acquisitions and business strategy, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes," "seeks,"
"should," "foresee," "may" or "will" and similar expressions. While management
believes that these forward-looking statements are reasonable as and when
made, there can be no assurance that future developments affecting us will be
those that we anticipate. Any such forward-looking statements are not
assurances of future performance and involve risks and uncertainties that may
cause actual results to differ materially from those set forth in the
statements. These risks and uncertainties include, among other things, (a)
general economic and business conditions, (b) the level of manufacturer
incentives, (c) the future regulatory environment, (d) our ability to obtain
an inventory of desirable new and used vehicles, (e) our relationship with our
automobile manufacturers and the willingness of manufacturers to approve
future acquisitions, (f) our cost of financing and the availability of credit
for consumers, (g) our ability to complete acquisitions and dispositions and
the risks associated therewith, (h) foreign exchange controls and currency
fluctuations, and (i) our ability to retain key personnel. For additional
information regarding known material factors that could cause our actual
results to differ from our projected results, please see our filings with the
SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the date
hereof. We undertake no obligation to publicly update or revise any
forward-looking statements after the date they are made, whether as a result
of new information, future events or otherwise.

Investor Contacts:
Sheila Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | sroth@group1auto.com

Media Contacts:
Pete DeLongchamps
V.P. Financial Services and Manufacturer Relations
Group 1 Automotive, Inc.
713-647-5770 | pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | cwoods@piercom.com

SOURCE Group 1 Automotive, Inc.

Website: http://www.group1auto.com
 
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