Group 1 Automotive: Why Its Service Business Could Be the Real MVP in 2025!

Group 1 Automotive concluded the fourth quarter and fiscal year 2024 with a mixture of robust performance in some areas and notable challenges in others, particularly related to its U.K. operations. The company reported record quarterly and annual revenues, with the U.S. business showing strong execution across new and used vehicle sales, as well as parts and service. However, the U.K. segment, heavily influenced by the integration of Inchcape’s retail dealerships, faced macroeconomic hurdles largely tied to government mandates on zero emissions vehicles (ZEVs), which disrupted the conventional sales pipeline.