HOUSTON, Feb. 15, 2017 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), an international,
Fortune 500 automotive retailer, today announced that its board of directors declared a cash dividend of $0.24 per
share for the fourth quarter of 2016. The dividend, which represents an increase of 4.3 percent, or $0.01 per share,
from the third quarter of 2016, will be payable on March 15, 2017, to stockholders of record as of March 1, 2017.
About Group 1 Automotive, Inc.
Group 1 owns and operates 157 automotive dealerships, 208 franchises, and 38 collision centers in the United States, the United Kingdom and Brazil that offer 31 brands of automobiles.
Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service
contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Investors please visit www.group1corp.com, www.group1auto.com, www.group1collision.com, www.facebook.com/group1auto, and www.twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business,
and its results of operations.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and
assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements
often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of
operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions.
While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that
future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of
future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in
the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the
level of manufacturer incentives, (c) the future regulatory environment, (d) our ability to obtain an inventory of desirable new
and used vehicles, (e) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future
acquisitions, (f) our cost of financing and the availability of credit for consumers, (g) our ability to complete acquisitions
and dispositions and the risks associated therewith, (h) foreign exchange controls and currency fluctuations, and (i) our ability
to retain key personnel. For additional information regarding known material factors that could cause our actual results to
differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking
statements after the date they are made, whether as a result of new information, future events or otherwise.
Investor contacts:
Sheila Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | sroth@group1auto.com
Media contacts:
Pete DeLongchamps
V.P. Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | pdelongchamps@group1auto.com
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | cwoods@piercom.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/group-1-automotive-increases-quarterly-cash-dividend-300407649.html
SOURCE Group 1 Automotive, Inc.