Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today reported it acquired the only BMW franchise in Mobile, Ala. The dealership will operate as BMW of Mobile, under Group 1’s Eastern Region, and is expected to generate an estimated $37.7 million in annual revenues. BMW of Mobile is located at 3025 Highway 90 West, approximately three miles from Group 1’s existing Pat Peck Nissan dealership.
Including this acquisition, Group 1 now owns and operates 11 BMW dealerships in the United States and three in the United Kingdom.
About Group 1 Automotive, Inc.
Group 1 owns and operates 97 automotive dealerships, 129 franchises, and 24 collision service centers in the United States and the United Kingdom that offer 31 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services; and sells replacement parts.
Group 1 Automotive can be reached on the Internet at www.group1auto.com.
