Although extensive damage to Group 1 Automotive inventory and some of its facilities has occurred in the aftermath of Tropical Storm Imelda, the auto retailer said on Monday that preliminary assessments show all facilities are intact, and operations are open.
Some of those facilities, however, are operating with limited services, Group 1 said. Estimated total financial damages associated with the storm are at approximately $12.5 million to $15 million, which includes insurance deductibles for damaged inventory and facilities, and disaster pay for employees.
Although Group 1's Houston stores reopened on Friday, operations are open on a more limited basis in Beaumont, which Group 1 said saw significant flooding impact.
Group 1 president and chief executive officer Earl J. Hesterberg said supporting employees in the Imelda-affected areas are the company’s top priority.
“We already know that a significant number of our 300 employees in Beaumont have sustained major personal losses, and our hearts go out to all of those affected by this devastating storm,” Hesterberg said in a news release. “Beyond helping our employees, we are also moving quickly to get our stores fully online to support the community’s needs for replacement vehicles, which includes working with our OEM partners and other Group 1 dealerships to redeploy inventory to restock our operations in Beaumont.”