Group 1 automotive announces closing on inchcape retail automotive operations

Houston , aug. 1, 2024 /prnewswire/ -- group 1 automotive, inc. (nyse: gpi) ("group 1" or the "company"), a fortune 250 automotive retailer with 260 dealerships located in the u.s. and u.k., today announced that the company has closed on the acquisition of inchcape retail ("ir") automotive operations with 54 dealership locations across the u.k.  these dealerships are expected to generate $2.7 billion in annual revenues bringing 2024 year-to-date total acquired revenues for group 1 to $3.8 billion.   "this transformative acquisition effectively doubles our u.k. footprint, giving us access to new markets throughout england with a collection of outstanding brands," said group 1's president and chief executive officer daryl kenningham.
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