Group 1 Automotive, Inc.,an international, Fortune 500 automotive retailer, today announced that it acquired an Audi dealership located in Euless, Texas, which is in the Dallas-Fort Worth ("DFW") metropolitan area. This dealership, which will continue to operate as DFW Audi, is expected to generate $80 million in estimated annual revenues. In addition to this acquisition, the Company has Audi dealerships in South Carolina, Massachusetts, and the United Kingdom.
"We are pleased to expand our relationship with Audi in the United States," said Earl J. Hesterberg, Group 1's president and chief executive officer. "Audi is an exciting luxury brand and we are delighted to add this location to our portfolio of dealerships in the greater Dallas-Fort Worth market."
About Group 1 Automotive, Inc.
Group 1 owns and operates 151 automotive dealerships, 196 franchises, and 38 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 and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.