CEO says technology is key to Group 1’s used-car success
Image courtesy of Group 1 Automotive.
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Friday, Oct. 27, 2023, 09:49 AM
Andrew Friedlander, Associate Editor
Group 1 Automotive had a record-breaking third quarter, and according to company officials, technology is playing a big role in that success.
The dealer group, which operates 201 dealerships and 41 collision centers in the U.S, and U.K., reported $4.7 billion in revenues and total gross profit of $786.2 million – both company records – during its quarterly earnings call this week, as well as $169.8 million in adjusted net income.