The expansion into the greater Baltimore-Washington, D.C., market includes new vehicle dealerships, a pre-owned center and three collision centers
Houston—Group 1 Automotive, Inc., an international Fortune 300 automotive retailer with 198 dealerships located in the U.S. and U.K., has announced the expansion of its U.S. portfolio in the greater Baltimore/Washington, D.C., market, the sixth largest metropolitan area in the United States.
The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers. The group includes the two highest volume Honda dealerships in the state of Maryland. The dealerships are expected to generate over $500 million in annual revenues.
Consistent with its strategy to focus on larger, higher performing dealerships, the company also disposed of 10 franchises and a collision center in Beaumont, Texas, during the first quarter of 2024.
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