Group 1 Automotive, Inc. operates in the automotive retail industry. As of December 31, 2015, the company owned and operated 199 franchises, representing 32 brands of automobiles, at 152 dealership locations and 35 collision centers worldwide. The company owns 151 franchises at 116 dealership locations and 28 collision service centers in the United States of America (U.S.), 25 franchises at 17 dealership locations and 6 collision centers in the United Kingdom (U.K.) and 23 franchises at 19 dealership locations and 1 collision center in Brazil. The company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. The company’s operations are primarily located in major metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina, and Texas in the U.S., in 15 towns in the U.K., and in key metropolitan markets in the states of Sao Paulo, Parana and Mato Grosso do Sul in Brazil. As of December 31, 2015, the company’s U.S. retail network consisted of two regions (with the number of dealerships they comprised), the East (39 dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, and South Carolina); and the West (77 dealerships in California, Kansas, Louisiana, Oklahoma, and Texas). In addition, as of December 31, 2015, the company had 2 international regions, 1 of which consisted of the 17 dealerships in the U.K. and the other of which consisted of the 19 dealerships in Brazil. Business Strategy The company’s business strategy is to sell new and used cars and light trucks; arrange related vehicle financing, service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts through an expanding network of franchised dealerships located primarily in growing regions of the U.S., the U.K., and Brazil. The company’s strategy to capture an increasing share of the parts and service work performed by franchised dealerships and improve profitability includes various elements, such as focusing on customer relationships and emphasizing preventative maintenance; selling vehicle service contracts in conjunction with vehicle sales; efficient management of parts inventory; and expansion of collision center operations. Used Vehicle Sales, Retail and Wholesale The company sells used vehicles at each of its franchised dealerships. In 2015, the company sold or leased 124,153 used vehicles at its dealerships, and sold 57,226 used vehicles in wholesale markets. The company’s new vehicle operations provide its used vehicle operations with a large supply of trade-ins and off-lease vehicles, and are the source of used vehicles. Its dealerships supplement their used vehicle inventory with purchases at auctions, including manufacturer-sponsored auctions available to franchised dealers. Parts and Service Sales The company sells replacement parts and provides maintenance and repair services at each of its franchised dealerships, and provides collision repair services at the 35 collision centers that the company operates. The company performs both warranty and non-warranty service work at its dealerships, primarily for the vehicle brand(s) sold at a particular location. The company’s parts and service departments also perform used vehicle reconditioning and new vehicle enhancement services for which they realize a profit. Finance and Insurance Sales The company offers various third-party finance, vehicle service, and insurance products. Financing: The company arranges third-party purchase and lease financing for its customers. In return, the company receives a fee from the third-party finance company upon completion of the financing. These third-party finance companies include manufacturers’ captive finance subsidiaries, selected commercial banks, and various other third-parties, including credit unions and regional auto finance companies. E
group 1 automotive inc (GPI:New York)
Houston, TX 77024
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