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Group 1 Automotive Announces $25 Million Share Repurchase Authorization

August 8, 2011

HOUSTON, TX--(Marketwire - Aug 8, 2011) - Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today announced that its board of directors authorized a program to repurchase up to $25.0 million of the company's common stock. Purchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations, in the open market or in privately negotiated transactions. The company completed its previous $25.0 million share repurchase program that had $3.5 million remaining at June 30.

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