Group 1 Automotive's store footprint is growing in both the U.S. and Brazil.
This week, Group 1 announced three new dealerships have been awarded to the company as open points by American Honda Motor Co., Porsche Cars North America and Toyota do Brasil.
In Texas, the company opened Sterling McCall Acura Sugar Land, an add point within this rapidly growing community, located in the greater metropolitan area of Houston.
The company also announced plans to commence business in December at Porsche of El Paso, the first Porsche dealership to operate in that market.
In Sao Paulo, Brazil, Group 1 opened Toyota Aricanduva, an add point that came with the company’s acquisition of Toyota Alpha Trevo Automoveis Ltda earlier this year. The dealership is located in a large auto mall complex in Northeast Sao Paulo that houses some of the highest volume import brand dealerships in Brazil.
Group 1 indicated these dealerships are expected to initially generate approximately $90 million in aggregate annual revenues.
“We are delighted to strengthen our relationship with these three great auto manufacturers, while expanding our operating footprint within growing markets. We see great potential for these new businesses,” said Earl Hesterberg, Group 1's president and chief executive officer.