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Group 1 Automotive buys Prestige Audi in Florida

Staff writer ▼ | April 7, 2015
Group 1 Automotive acquired Prestige Audi in North Miami Beach, Florida. The company now has 9 Audi dealerships across Florida, Texas, South Carolina, Massachusetts, and the United Kingdom.
Prestige Audi
Acquisition   Group 1 owns and operates 152 automotive dealerships
This dealership has traditionally been ranked in the top 10 new vehicle selling Audi dealerships in the United Statesand is expected to generate $160 million in estimated annual revenues.

"We are delighted to expand our relationship with Audi in the United States and enter one of the best luxury brand automotive markets in the United States," said Earl J. Hesterberg, Group 1's president and chief executive officer.

Group 1 owns and operates 152 automotive dealerships, 197 franchises, and 38 collision centers in the United States, the United Kingdom and Brazil that offer 32 brands of automobiles.

Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.