Auto Group Adds Stores

December 11, 2019

Group 1 Automotive, Inc. announced the acquisition of two Lexus dealerships in the New Mexico market. The dealerships are located in Albuquerque and Santa Fe. These stores are the only Lexus franchises in the state of New Mexico and are expected to generate approximately $90 million in annualized revenues.

The addition of these stores increases Group 1’s total representation in New Mexico to nine automotive franchises.

For the fourth year, Lexus is theBest Certified Pre-Owned Program” award winner, based on its lengthy warranty coverage, numerous program perks and the dependability record of its pre-owned vehicles.

“Lexus offers used car buyers an excellent CPO warranty, as well as a long list of CPO program benefits, like free maintenance visits and a free loaner car,” said Jamie Page Deaton, executive editor of U.S. News Best Cars. “As an added bonus, Lexus’ reliability record means that while their CPO warranty is long, and the program has a lot of perks, owners may never need to use either.”

The Lexus CPO warranty includes coverage for up to two years with no mileage limit and no deductible. Lexus CPO buyers can also take advantage of free roadside assistance and a free loaner car, as well as four complimentary factory maintenance service visits in their first two years, or 20,000 miles, of ownership.

 

Brands like Dodge, Mazda and Porsche made gains while Acura, Volkswagen and Audi dropped in Consumer Reports Annual Auto Reliability Survey released Nov. 14 in Detroit before the Automotive Press Association.

The brands topping the most reliable list included: Lexus, Mazda, Toyota, Porsche, Genesis, Hyundai, Subaru, Dodge, Kia and Mini.

Cadillac ranked last in reliability. Other brands finishing in the bottom third of the rankings included: Alfa Romero, Acura, Volkswagen, Jeep, Chevrolet, Volvo, Tesla, GMC and Mercedes-Benz.

Japanese models continue to be the best for new-car reliability in the survey, which is based on data collected from more than 400,000 vehicles.

Lexus and Subaru ranked highest in their respective segments for the inaugural J.D. Power U.S. Automotive Brand Loyalty Study.

Subaru ranks highest among mass market brands — and highest overall — with a loyalty rate of 61.5 percent.

Lexus ranks highest among luxury brands with a 47.6 percent loyalty rate.

Using data from the Power Information Network, the study calculates whether an owner purchased the same brand after trading in an existing vehicle on a new vehicle purchase or lease. Customer loyalty is based on the percentage of vehicle owners who choose the same brand when trading in or purchasing their next vehicle.

The 2019 U.S. Automotive Brand Loyalty Study calculations are based on transaction data from June 2018 through May 2019 and include all model years traded in.

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