Company Profile For Group 1 Automotive, Inc

Group 1 Automotive, Inc. is an operator in automotive retail industry. As of December 31, 2008, the Company owned and operated 127 franchises at 97 dealership locations and 23 collision service centers in the United States and six franchises at three dealerships and two collision centers in the United Kingdom. The Company markets and sells a range of automotive products and services, including new and used vehicles and related financing, vehicle maintenance and repair services, replacement parts, warranty, insurance and extended service contracts.Operations are primarily located in the states of Alabama, Kansas, Louisiana, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oklahoma, South Carolina and Brighton, Hailsham and Worthing in the United Kingdom. During 2008, the Company acquired BMW and Mini dealership in Annapolis, Maryland, a smart franchise in Beverly Hills, California, and a Chrysler and a Jeep franchise in Austin, Texas. Its subsidiary is Group 1 Realty, Inc.

BRIEF: For the nine months ended 30 September 2009, Group 1 Automotive, Inc.'s revenues fell 25% to $3.38B. Net income from cont. ops. totaled to $36.8M, up from $11.4M. Revenues reflect lower new vehicle retail and used vehicle wholesale sales. Net income was offset by decreased cost of sales, lower selling, general & administrative expenses, decreased asset impairments, lower floorplan interest expense and decreased net other expense.