HOUSTON — Group 1 Automotive, Inc., a Fortune 500 automotive retailer, this week announced the acquisition of Rod East Volkswagen in San Antonio, Texas. The dealership will be renamed Volkswagen of Alamo Heights and is expected to generate $48.5 million in estimated annual revenues.
“The addition of Volkswagen of Alamo Heights will augment our existing Freedom Chevrolet dealership in the San Antonio, Texas, market,” said Earl J. Hesterberg, Group 1’s president and chief executive officer. “This makes the fourth Volkswagen franchise we have added to our diversified portfolio during the last 12 months, reflecting both our commitment to and the strength of our partnership with Volkswagen of America.”
About Group 1 Automotive, Inc.
Group 1 owns and operates 110 automotive dealerships, 142 franchises, and 28 collision centers in the United States and the United Kingdom that offer 31 brands of automobiles. Through its dealerships, the company sells new and used cars and light trucks; arranges related vehicle financing, service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 Automotive can be reached on the Internet at www.group1auto.com.
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