Group 1 posts record performance in Q1

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Group 1 turned in a report efficiency within the first quarter with turnover up 7.4% to $4.1bn and gross income up 0.4% to $727.9m

Within the UK turnover turnover rose 4.6% to $787.7m with gross income up 6.3% to $110.4m.

“Group 1 achieved one other robust quarter. Our groups delivered report aftersales performances in each the US and UK on account of ongoing funding in aftersales in areas similar to technician recruitment innovation and know-how.

Our clients proceed to reply by trusting us with their enterprise,” stated Daryl Kenningham, Group 1 president and chief government officer.

“Report first quarter new automobile revenues are a end result to a point of elevated costs from ongoing stock shortages.

Some producers are sustaining manufacturing self-discipline into the longer term. Our days’ provide continues properly beneath historic averages and is single digits in a few of our vital manufacturers.

We additionally noticed excellent success with AcceleRide within the quarter, setting one other gross sales report the place our clients engaged on a deeper stage than ever earlier than.”

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