Group 1 Expands in Texas

By Staff Writer October 07, 2021

Group 1 Automotive, a Fortune 500 automotive retailer with 190 dealerships in the U.S., U.K., and Brazil, has acquired Classic Chrysler Dodge Jeep Ram of Denton and Classic Mazda of Denton within the Dallas-Fort Worth metro area of Texas. These two stores are expected to generate approximately $150 million in annualized revenues.

“We are excited to expand our presence in the fast-growing Dallas-Fort Worth metro market with these strong brands,” said Daryl Kenningham, president of U.S. and Brazilian Operations for Group 1 Automotive.

Group 1 currently operates 10 dealerships representing 10 brands in the Dallas-Fort Worth market.

Year to date 2021, Group 1 has completed $570 million of acquired revenues. The acquisition of these two stores brings Group 1’s total U.S. dealership count to 119. 

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Last modified on Thursday, 07 October 2021 15:22