Tag Archives: Group 1

Group 1 has rebranded its Barons & Chandlers BMW and Mini Centres as Group 1 BMW Group 1 Mini. Group 1, which is now the seventh largest dealer group in the UK, said it was in line with its values at the core of the business. In a statement it said: “Our Barons & Chandlers BMW Centres are part of ...

Group 1 has acquired Fairfield Motor Group, and Essex-based BMW and Mini franchised car retailer. Fairfield owner Mike Style announced the acquisition on LinkedIn. He said: “After owning Fairfield Motor Group for 34 years and working there for almost 40 years, I’ve made the difficult decision to hang up my boots. “I will be handing the reins over to Group 1 Automotive, ...

Group 1 today announced that Earl J Hesterberg, president and CEO will retire in December this year. Group 1 executive Daryl Kenningham, currently president of US operations, has been appointed as president and COO and a member of the board of directors. He will succeed Hesterberg as CEO in January 2023. “On behalf of the board of directors and the ...

Group 1 in the UK has a back order for 17,000 new cars going into 2023 as it deals with supply constraints. “Our new vehicle order bank of 17,000 units represents more than a six-month backlog based on first half unit sales,” said Group 1 CEO Earl Hesterberg. “We continue to believe the pent-up demand built over the past several ...

Group 1 Automotive has appointed Mark Bridgland as managing director of its UK business. The US listed dealer group now has 55 dealerships in the UK. Bridgland most recently served as Group 1’s UK director of operations. He began his career at Group 1 in 2013 as the UK’s finance and insurance compliance manager and has served in a variety ...

Group 1 in the UK has an order bank for new cars stretching forward seven months. For top end cars it is extending into 2023, according to CEO and president Earl Jj Hesterberg. Hesterberg’s comments to analysts came as the group revealed record UK performance for the first quarter with turnover up 37% to $752m and gross profits of $103m, ...

Group 1 turned in a strong performance in 2021 through organic growth and acquisitions. In the UK the company saw gross profits rise 41.5% to $351.2m on turnover up 25.7% to $2.6bn. During the period it acquired the Robinsons Group in the UK Earl J. Hesterberg, Group 1 president and CEO told analysts the UK was looking good in terms ...

Group 1 CEO Earl Hesterberg said yesterday that an agency approach ‘would not be a bad model’ in the UK which he said had suffered for many years with a lot of self registrations and some ‘really bad practices’. In an analyst briefing* Hesterberg was asked about the agency model in the UK and said he had some discussions with ...

Group 1’s UK business turned in a robust first quarter performance despite the temporary closure of showrooms in the lockdown. Looking at all figures on a like-for-like total revenues decreased 13.4%, to $547.2m (£393m)and total gross profit decreased 4.1%, to $65.3m. Vehicle revenue decreased 18.2%, as new units decreased 26.1%.  Like-for-like new vehicle gross profit grew 12.3%, as gross profit ...

Group 1 Automotive has renewed its deal with BCA to dispose of part exchange vehicles through for a further two years. The deal will see up to 20,000 vehicles a year sold at BCA. All vehicles are pre-sale prepared and all eligible cars are offered under the BCA Assured scheme. The renewed Group 1 remarketing programme commenced in January 2021, ...