Group 1 Automotive Acquires High Volume Toyota Dealership In Austin, Texas
03/07/22, 6:45 PM
Location
houston
Industry
manufacturing
Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 201 dealerships located in the U.S. and U.K., today announced the acquisition of Charles Maund Toyota in Austin, Texas. The dealership, which will be renamed Toyota of North Austin, is ranked in the top 20 nationally in Toyota new vehicle volume, and adds to the Company's strong portfolio of 13 franchises in the fast-growing Central Texas market area consisting of Austin and San Antonio. This dealership is expected to generate $435 million in annual revenues and represents the 16th Toyota store in the Company's U.S. portfolio.
Company Info
Location
Houston, Texas, United States
Company info
Group 1 owns and operates 188 automotive dealerships, 242 franchises, and 48 collision centers in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.