Austin, Texas — According to state and local development sources, Group 1 Automotive plans to invest $40,000,000.00 to build out 400,000 square feet of new space in Austin. The company plans to occupy the new space at 8400 Research Blvd in Austin, on or about September 1, 2027. According to the company website We are a Houston-based, Fortune 500 automotive retailer. Since our initial public offering in October 1997, Group 1 has grown to become the third largest dealership group in the United States and has expanded into the United Kingdom and Brazil. The company achieved this success through a strategy that leverages management experience and emphasizes geographic and brand diversity, interrelated revenue streams, operational efficiencies and the prudent deployment of capital. Our Core Values: Integrity We conduct ourselves with the highest level of ethics both personally and professionally when we sell to and perform service for our customers without compromising our honesty. Transparency We promote open and honest communication between each other and our customers. Professionalism We set our standards high so that we can exceed expectations and strive for perfection in everything we do. Teamwork We put the interest of the group first, before our individual interests, as we know that success only comes when we work together.

To learn more about Group 1 Automotive, visit https://www.group1auto.com/

Company Contact:
Earl Hesterberg, Chief Executive Officer
713-647-5700

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