Group 1 Automotive Reports Third Quarter 2017 Financial Results

HOUSTON, Oct. 26, 2017 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2017 third quarter net income of $29.9 million, diluted earnings per common share of $1.43, adjusted net income (a non-GAAP measure) of $46.6 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $2.23.

Third quarter 2017 adjusted net income and diluted earnings per share exclude approximately $16.8 million of net, after-tax adjustments, or $0.80 per share, for non-core items. These adjustments primarily consist of costs directly associated with Hurricane Harvey of approximately $9.0 million after-tax, or $0.44 per share; and, franchise right impairments of $5.9 million after-tax, or $0.28 per share. Reconciliations of non-GAAP financial measures are included in the attached financial tables.

"While the Company's third quarter results were negatively affected by both the non-recurring costs from Hurricane Harvey, as well as business disruption for more than a week across our largest revenue-generating market, strong demand for replacement vehicles in September provided significant financial recovery," said Earl J. Hesterberg, Group 1's president and chief executive officer. "We expect this recovery to continue for a number of months, as the region continues to rebuild from Hurricane Harvey's widespread impact. Our overseas businesses were also positive factors in our third quarter results. Although the U.K. new vehicle market declined roughly nine percent in the third quarter, we significantly outperformed the industry with our Same Store new vehicle unit sales rising 2.9 percent. Our used vehicle and F&I businesses were up almost 10 percent driving a total Same Store revenue increase of nine percent on a local currency basis. In Brazil, our operations delivered another quarter of profitability, with gross profit up 19.4 percent on a Same Store constant currency basis, reflecting continued double-digit growth in used, aftersales, and F&I. Our combined performance in all three markets delivered record revenues, gross profit, and adjusted earnings for the quarter."

Consolidated Results for Third Quarter 2017 (year-over-year comparable basis)

For ease of comparison, we have included constant currency metrics (a non-GAAP measure) both below (shown in parenthesis) and in the financial tables that follow:

    --  Total revenue increased 6.7 percent (increased 6.6 percent) to a record
        $3.0 billion; total gross profit increased 6.1 percent (increased 6.0
        percent) to a record $431.4 million.
    --  New vehicle revenues increased 7.7 percent (increased 7.5 percent) on a
        6.0 percent increase in unit sales. New vehicle gross profit increased
        9.8 percent (increased 9.6 percent) to a record $88.3 million. U.S. new
        vehicle margins were up 6.1 percent, or $108 per unit, to $1,891.
    --  Retail used vehicle revenues increased 5.8 percent (increased 5.7
        percent) on a 4.1 percent increase in unit sales. Retail used vehicle
        gross profit increased 2.5 percent (increased 2.5 percent) to $47.1
        million as the unit sales increase was partially offset by a slight
        margin decrease of 1.4 percent (decreased 1.5 percent), or $20 per unit,
        to $1,372.
    --  Parts and service gross profit increased 6.8 percent (increased 6.7
        percent) on revenue growth of 7.4 percent (increased 7.3 percent). Same
        Store parts and service gross profit increased 4.5 percent (increased
        4.4 percent) on revenue growth of 5.1 percent (increased 5.0 percent).
        U.S. Same Store parts and service revenue increased 4.7 percent.
    --  Finance and Insurance (F&I) gross profit per retail unit (PRU) decreased
        2.9 percent (decreased 3.0 percent) to $1,343 per retail unit. Adjusted
        F&I gross profit PRU (a non-GAAP measure) increased 2.8 percent
        (increased 2.8 percent) to $1,422, reflecting increases in all three
        regions.
    --  Selling, General and Administrative (SG&A) expenses as a percent of
        gross profit increased 260 basis points to 76.1 percent. Adjusted SG&A
        expenses as a percent of gross profit (a non-GAAP measure) decreased 80
        basis points to 72.8 percent.

Segment Results for Third Quarter 2017 (year-over-year comparable basis)

    --  United States:The Company's U.S. operations accounted for 76.4 percent
        of total revenues and 82.0 percent of total gross profit. On a Same
        Store basis, U.S. revenues were $2.3 billion, an increase of 1.5
        percent. Adjusted U.S. revenue (a non-GAAP measure) increased 1.8
        percent, reflecting 3.6 percent growth in new vehicles and a 4.7 percent
        increase in aftersales revenue. The aftersales growth came in spite of
        losing more than a week of operations in the key markets of
        Houston/Beaumont, Miami, and portions of the Gulf Coast. Total U.S. Same
        Store gross profit grew 2.1 percent. Adjusted total U.S. Same Store
        gross profit (a non-GAAP measure) increased 4.0 percent.

    --  United Kingdom:The Company's U.K. operations accounted for 19.6 percent
        of total revenues and 14.7 percent of total gross profit. On a Same
        Store basis, new vehicle unit sales increased 2.9 percent, which
        outperformed the U.K.'s new vehicle industry decline of 8.9 percent.
        Total Same Store revenue grew 8.8 percent and total Same Store gross
        profit grew 8.6 percent, both on a constant currency basis. This gross
        profit growth was driven by a 22.2 percent increase in total used
        vehicle gross profit, a 10.6 percent increase in aftersales gross
        profit, a 9.8 percent increase in F&I gross profit, and a slight
        increase of 0.5 percent in new vehicle gross profit, all on a constant
        currency basis.

    --  Brazil:The Company's Brazilian operations were profitable again this
        quarter and accounted for 4.0 percent of total revenues and 3.3 percent
        of total gross profit. Total Same Store revenue grew 14.0 percent
        (increased 11.2 percent) and total Same Store gross profit increased
        22.4 percent (increased 19.4 percent), reflecting strong growth in Same
        Store total used vehicles gross profit of 27.7 percent (increased 24.5
        percent) and a 30.9 percent increase (increased 27.8 percent) in Same
        Store aftersales gross profit. In addition, Same Store F&I gross profit
        PRU increased 30.6 percent (increased 27.4 percent). Same Store SG&A as
        a percentage of gross profit improved 1160 basis points (930 basis
        points on an adjusted basis) to 89.8 percent.

Corporate Development

As previously announced in July 2017, the Company acquired the Beadles Group Ltd in the U.K., which expanded the dealership footprint in the region to 43 stores, with expected annual revenues of $330 million. Also in July 2017, as previously announced, the Company acquired its first Jaguar and Land Rover dealerships in the U.S., which are located in Albuquerque and Santa Fe, New Mexico, and have projected annualized revenues of $40 million. Additionally, as previously announced in August 2017, the Company acquired Audi Forth Worth in Texas, which has an expected annualized revenue of $55 million. In October 2017, the Company closed a SEAT brand sales operation in Watford, England, which generated approximately $10 million in trailing-twelve-month revenues.

Year-to-date 2017, the Company has acquired 17 dealerships, which are expected to generate an estimated $490 million in annualized revenues, and the Company has disposed of three dealerships, which generated approximately $35 million in trailing-twelve-month revenues.

Share Repurchase Authorization

During the third quarter 2017, the Company repurchased approximately 20,000 shares at an average price per common share of $53.46 for a total of $1.1 million. Year to date, we have spent $40.1 million to repurchase approximately 650 thousand shares at an average price per common share of $61.75. These repurchases represent three percent of the total outstanding common shares at the beginning of 2017. As of September 30, 2017, $49.6 million remains available under the Company's current common stock share repurchase authorization, which was reset in May 2017.

Purchases may be made from time to time in the open market or in privately negotiated transactions, based on market conditions, legal requirements and other corporate considerations and subject to Board approval and covenant restrictions.

Third Quarter 2017 Earnings Conference Call Details

Group 1's senior management will host a conference call today at 1 p.m. ET to discuss the third quarter financial results and the Company's outlook and strategy.

The conference call will be simulcast live on the Internet at www.group1auto.com. Click on 'Investor Relations' and then 'Events' or through this link: www.group1corp.com/events. A webcast replay will be available for 30 days.

The conference call will also be available live by dialing in 15 minutes prior to the start of the call at:


    Domestic:                           1-888-317-6003

    International:                      1-412-317-6061

    Conference ID:                                       7378333

A telephonic replay will be available following the call through November 1, 2017 by dialing:


    Domestic:                           1-877-344-7529

    International:                      1-412-317-0088

    Replay ID:                                             10113415

About Group 1 Automotive, Inc.
Group 1 owns and operates 173
automotive dealerships, 227 franchises, and 47 collision centers in the United States, the United Kingdom and Brazil that offer 32 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.

NON-GAAP FINANCIAL MEASURES

In addition to evaluating the financial condition and results of our operations in accordance with GAAP, from time to time our management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, and profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering alternative financial measures not prepared in accordance with GAAP. This includes evaluating measures such as adjusted selling, general and administrative expenses, adjusted net income and adjusted diluted earnings per share. These adjusted measures are not measures of financial performance under U.S. GAAP, but are instead considered non-GAAP financial performance measures. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not be comparable to similarly titled measures used by other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with GAAP. We caution investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable GAAP measures. In our evaluation of results from time to time, we exclude items that do not arise directly from core operations, such as non-cash asset impairment charges, gains and losses on dealership franchise or real estate transactions, and catastrophic weather events such as hail storms, hurricanes, and snow storms. Because these non-core charges and gains materially affect the Company's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items.

In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Our management also uses these adjusted measures in conjunction with U.S. GAAP financial measures to assess our business, including communication with our Board of Directors, investors and industry analysts concerning financial performance. We disclose these non-GAAP measures, and the related reconciliations, because we believe investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The exclusion of certain expenses in the calculation of non-GAAP financial measures should not be construed as an inference that these costs are unusual or infrequent. We anticipate excluding these expenses in the future presentation of our non-GAAP financial measures.

In addition, we evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our underlying business and results of operations, consistent with how we evaluate our performance. We calculate constant currency percentages by converting our current period reported results for entities reporting in currencies other than United States dollars using comparative period exchange rates rather than the actual exchange rates in effect during the respective periods. The constant currency performance measures should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP.

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


                                       Group 1 Automotive, Inc.

                                Consolidated Statements of Operations

                                             (Unaudited)

                               (In thousands, except per share amounts)


                                                             Three Months Ended September 30,
                                                          --------------------------------

                                                             2017                      2016       % Increase/

                                                                                               (Decrease)
                                                                                                -----------

    REVENUES:

    New vehicle retail sales                           $1,710,241                $1,587,952                        7.7

    Used vehicle retail sales                             743,038                   702,620                        5.8

    Used vehicle wholesale sales                          104,827                   104,218                        0.6

    Parts and service                                     343,193                   319,676                        7.4

    Finance, insurance and other,
     net                                                  110,993                   108,710                        2.1
                                                          -------                   -------

    Total revenues                                      3,012,292                 2,823,176                        6.7


    COST OF SALES:

    New vehicle retail sales                            1,621,909                 1,507,517                        7.6

    Used vehicle retail sales                             695,915                   656,652                        6.0

    Used vehicle wholesale sales                          105,012                   106,077                      (1.0)

    Parts and service                                     158,036                   146,262                        8.0
                                                          -------                   -------

    Total cost of sales                                 2,580,872                 2,416,508                        6.8


    GROSS PROFIT                                          431,420                   406,668                        6.1


    SELLING, GENERAL AND
     ADMINISTRATIVE EXPENSES                              328,327                   299,006                        9.8


    DEPRECIATION AND AMORTIZATION
     EXPENSE                                               15,059                    12,891                       16.8


    ASSET IMPAIRMENTS                                       9,526                    10,855                     (12.2)


    OPERATING INCOME                                       78,508                    83,916                      (6.4)


    OTHER EXPENSE:

    Floorplan interest expense                           (13,491)                 (11,135)                      21.2

    Other interest expense, net                          (17,874)                 (17,094)                       4.6
                                                          -------                   -------

    INCOME BEFORE INCOME TAXES                             47,143                    55,687                     (15.3)


    PROVISION FOR INCOME TAXES                           (17,262)                 (20,321)                    (15.1)


    NET INCOME                                            $29,881                   $35,366                     (15.5)
                                                          =======                   =======

    Less: Earnings allocated to
     participating securities                              $1,023                    $1,426                     (28.3)

    Earnings available to diluted
     common shares                                        $28,858                   $33,940                     (15.0)
                                                          =======                   =======

    DILUTED EARNINGS PER SHARE                              $1.43                     $1.65                     (13.3)

    Weighted average dilutive
     common shares outstanding                             20,225                    20,578                      (1.7)

    Weighted average participating
     securities                                               724                       872                     (17.0)
                                                              ---                       ---

    Total weighted average shares
     outstanding                                           20,949                    21,450                      (2.3)


                                                           Nine Months Ended September 30,
                                                           -------------------------------

                                                             2017                      2016       % Increase/
                                                                                              (Decrease)
                                                                                                ----------

    REVENUES:

    New vehicle retail sales                           $4,496,222                $4,538,562                      (0.9)

    Used vehicle retail sales                           2,089,914                 2,106,569                      (0.8)

    Used vehicle wholesale sales                          308,361                   302,089                        2.1

    Parts and service                                     994,522                   950,341                        4.6

    Finance, insurance and other,
     net                                                  314,297                   316,419                      (0.7)

    Total revenues                                      8,203,316                 8,213,980                      (0.1)


    COST OF SALES:

    New vehicle retail sales                            4,263,752                 4,305,252                      (1.0)

    Used vehicle retail sales                           1,952,873                 1,963,136                      (0.5)

    Used vehicle wholesale sales                          308,713                   302,551                        2.0

    Parts and service                                     458,144                   437,153                        4.8

    Total cost of sales                                 6,983,482                 7,008,092                      (0.4)


    GROSS PROFIT                                        1,219,834                 1,205,888                        1.2


    SELLING, GENERAL AND
     ADMINISTRATIVE EXPENSES                              916,674                   891,692                        2.8


    DEPRECIATION AND AMORTIZATION
     EXPENSE                                               42,758                    38,067                       12.3


    ASSET IMPAIRMENTS                                       9,526                    12,812                     (25.6)


    OPERATING INCOME                                      250,876                   263,317                      (4.7)


    OTHER EXPENSE:

    Floorplan interest expense                           (38,659)                 (33,737)                      14.6

    Other interest expense, net                          (52,188)                 (50,729)                       2.9
                                                          -------

    INCOME BEFORE INCOME TAXES                            160,029                   178,851                     (10.5)


    PROVISION FOR INCOME TAXES                           (57,076)                 (62,614)                     (8.8)


    NET INCOME                                           $102,953                  $116,237                     (11.4)
                                                         ========                  ========

    Less: Earnings allocated to
     participating securities                              $3,659                    $4,651                     (21.3)

    Earnings available to diluted
     common shares                                        $99,294                  $111,586                     (11.0)
                                                          =======                  ========

    DILUTED EARNINGS PER SHARE                              $4.85                     $5.22                      (7.1)

    Weighted average dilutive
     common shares outstanding                             20,480                    21,364                      (4.1)

    Weighted average participating
     securities                                               767                       895                     (14.3)
                                                              ---                       ---

    Total weighted average shares
     outstanding                                           21,247                    22,259                      (4.5)


                                                                                                           Group 1 Automotive, Inc.

                                                                                                         Consolidated Balance Sheets

                                                                                                            (Dollars in thousands)


                                                                                                                                      September            December 31,            % Increase/

                                                                                                                                                  30, 2017                   2016    (Decrease)
                                                                                                                                                  --------                   ----    ---------

     ASSETS:                                                                                                                         (Unaudited)

     CURRENT ASSETS:

     Cash and cash equivalents                                                                                                                     $66,883                 $20,992                 218.6

     Contracts in transit and vehicle receivables, net                                                                                             288,200                 269,508                   6.9

     Accounts and notes receivable, net                                                                                                            187,672                 173,364                   8.3

     Inventories, net                                                                                                                            1,651,789               1,651,815                 (0.0)

     Prepaid expenses and other current assets                                                                                                      38,111                  34,908                   9.2
                                                                                                                                                    ------                  ------

     Total current assets                                                                                                                        2,232,655               2,150,587                   3.8

     PROPERTY AND EQUIPMENT, net                                                                                                                 1,269,397               1,125,883                  12.7

     GOODWILL AND INTANGIBLE FRANCHISE RIGHTS                                                                                                    1,208,344               1,161,639                   4.0

     OTHER ASSETS                                                                                                                                   20,598                  23,794                (13.4)

     Total assets                                                                                                                               $4,730,994              $4,461,903                   6.0
                                                                                                                                                ==========              ==========


     LIABILITIES AND STOCKHOLDERS' EQUITY:

     CURRENT LIABILITIES:

     Floorplan notes payable - credit facility and other                                                                                        $1,077,287              $1,136,654                 (5.2)

     Offset account related to floorplan notes payable - credit facility                                                                          (46,248)               (59,626)               (22.4)

     Floorplan notes payable - manufacturer affiliates                                                                                             399,804                 392,661                   1.8

     Offset account related to floorplan notes payable - manufacturer affiliates                                                                  (22,000)               (25,500)               (13.7)

     Current maturities of long-term debt and short-term financing                                                                                  80,996                  72,419                  11.8

     Current liabilities from interest rate risk management activities                                                                                 823                   3,941                (79.1)

     Accounts payable                                                                                                                              436,851                 356,099                  22.7

     Accrued expenses                                                                                                                              208,770                 176,469                  18.3
                                                                                                                                                   -------                 -------

     Total current liabilities                                                                                                                   2,136,283               2,053,117                   4.1

     5.00% SENIOR NOTES (principal of $550,000 at December 31, 2016 and December 31, 2015, respectively)                                           541,658                 540,465                   0.2

     5.25% SENIOR NOTES (principal of $300,000 at December 31, 2016 and December 31, 2015, respectively)                                           296,009                 295,591                   0.1

     ACQUISITION LINE                                                                                                                               33,508                       -                100.0

     REAL ESTATE RELATED AND OTHER LONG-TERM DEBT, net of current maturities                                                                       373,466                 333,326                  12.0

     CAPITAL LEASE OBLIGATIONS RELATED TO REAL ESTATE, net of current maturities                                                                    48,048                  43,427                  10.6

     DEFERRED INCOME TAXES                                                                                                                         181,244                 161,502                  12.2

     LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES                                                                                      16,157                  20,470                (21.1)

     OTHER LIABILITIES                                                                                                                              93,474                  83,805                  11.5

     STOCKHOLDERS' EQUITY:

     Common stock                                                                                                                                      255                     257                 (0.8)

     Additional paid-in capital                                                                                                                    288,970                 290,899                 (0.7)

     Retained earnings                                                                                                                           1,141,066               1,053,301                   8.3

     Accumulated other comprehensive loss                                                                                                        (126,415)              (146,944)               (14.0)

     Treasury stock                                                                                                                              (292,729)              (267,313)                  9.5
                                                                                                                                                  --------                --------

     Total stockholders' equity                                                                                                                 $1,011,147                $930,200                   8.7

     Total liabilities and stockholders' equity                                                                                                 $4,730,994              $4,461,903                   6.0
                                                                                                                                                ==========              ==========


                                                                   Group 1 Automotive, Inc.

                                                             Additional Information - Consolidated

                                                                          (Unaudited)


                                                               Three Months Ended                   Nine Months Ended

                                                                  September 30,                       September 30,
                                                               -------------                       -------------

                                                                         2017 (%)                            2016 (%)    2017 (%)     2016 (%)
                                                                          -------                              -------      -------       -------

    NEW VEHICLE UNIT SALES GEOGRAPHIC MIX:

    Region                                 Geographic Market
    ------                                 -----------------

    United States                          Texas                               37.8                                 36.2         36.5          36.4

                                           California                           7.0                                  9.4          7.6           9.3

                                           Oklahoma                             5.7                                  6.6          6.2           6.9

                                           Massachusetts                        4.8                                  5.0          4.7           4.9

                                           Georgia                              4.4                                  4.6          4.6           4.2

                                           Florida                              2.4                                  2.5          2.5           2.5

                                           New Hampshire                        1.9                                  2.0          2.0           1.9

                                           Louisiana                            1.9                                  2.2          2.0           2.1

                                           New Jersey                           1.7                                  1.7          1.7           1.6

                                           Kansas                               1.5                                  1.6          1.6           1.8

                                           South Carolina                       1.3                                  1.3          1.3           1.4

                                           Mississippi                          1.2                                  1.5          1.3           1.5

                                           Alabama                              0.9                                  1.0          1.0           0.9

                                           Maryland                             0.3                                  0.5          0.4           0.5

                                           New Mexico                           0.1                                    -           -            -


                                                                             72.9                                 76.1         73.4          75.9


    International                          United Kingdom                      22.6                                 18.6         21.8          18.2

                                           Brazil                               4.5                                  5.3          4.8           5.9


                                                                            100.0                                100.0        100.0         100.0
                                                                            =====                                =====        =====         =====


    NEW VEHICLE UNIT SALES BRAND MIX:
    ---------------------------------

    Toyota/Scion/Lexus                                                      26.7                                 25.3         25.3          24.7

    Volkswagen/Audi/Porsche                                                 13.9                                 11.3         13.0          10.9

    BMW/MINI                                                                11.5                                 13.2         12.8          13.3

    Ford/Lincoln                                                            10.6                                 10.8         11.5          11.1

    Honda/Acura                                                              9.0                                  9.9          9.2          10.2

    Nissan                                                                   7.0                                  7.0          7.5           7.0

    Chevrolet/GMC/Buick/Cadillac                                             6.1                                  7.3          6.2           7.6

    Hyundai/Kia                                                              4.2                                  4.3          4.0           4.4

    Chrysler/Dodge/Jeep/RAM                                                  3.9                                  4.1          3.9           4.1

    Mercedes-Benz/smart/Sprinter                                             3.4                                  4.2          3.8           4.1

    Other                                                                    3.7                                  2.6          2.8           2.6

                                                                            100.0                                100.0        100.0         100.0
                                                                            =====                                =====        =====         =====


                                                    Group 1 Automotive, Inc.

                                                 Additional Information - U.S.

                                                          (Unaudited)

                                        (Dollars in thousands, except per unit amounts)


                                 Three Months Ended September 30,
                               --------------------------------

                                                       2017                                   2016  % Increase/

                                                                                                   (Decrease)
                                                                                                   ---------

    REVENUES:

    New vehicle retail sales                     $1,296,267                             $1,254,421                 3.3

    Used vehicle retail sales                       562,031                                575,551               (2.3)

    Used vehicle wholesale
     sales                                           63,363                                 74,821              (15.3)
                                                     ------                                 ------

    Total used                                      625,394                                650,372               (3.8)

    Parts and service                               283,915                                271,635                 4.5

    Finance, insurance and
     other, net                                      96,383                                 98,295               (1.9)
                                                     ------                                 ------

    Total                                        $2,301,959                             $2,274,723                 1.2


    GROSS MARGIN %:

    New vehicle retail sales                            5.1                                    4.9

    Used vehicle retail sales                           6.8                                    6.8

    Used vehicle wholesale
     sales                                            (0.1)                                 (2.0)

    Total used                                          6.1                                    5.8

    Parts and service                                  53.8                                   54.8

    Finance, insurance and
     other, net                                       100.0                                  100.0

    Total                                              15.4                                   15.2


    GROSS PROFIT:

    New vehicle retail sales                        $66,622                                $61,886                 7.7

    Used vehicle retail sales                        37,962                                 39,193               (3.1)

    Used vehicle wholesale
     sales                                             (54)                               (1,514)               96.4
                                                        ---                                 ------

    Total used                                       37,908                                 37,679                 0.6

    Parts and service                               152,654                                148,866                 2.5

    Finance, insurance and
     other, net                                      96,383                                 98,295               (1.9)
                                                     ------                                 ------

    Total                                          $353,567                               $346,726                 2.0


    UNITS SOLD:

    Retail new vehicles sold                         35,233                                 34,700                 1.5

    Retail used vehicles sold                        26,304                                 27,201               (3.3)

    Wholesale used vehicles
     sold                                             9,786                                 11,005              (11.1)
                                                      -----                                 ------

    Total used                                       36,090                                 38,206               (5.5)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                              $36,791                                $36,150                 1.8

    Used vehicle retail                             $21,367                                $21,159                 1.0


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                         $1,891                                 $1,783                 6.1

    Used vehicle retail sales                         1,443                                  1,441                 0.1

    Used vehicle wholesale
     sales                                              (6)                                 (138)               95.7

    Total used                                        1,050                                    986                 6.5

    Finance, insurance and
     other, net (per retail
     unit)                                           $1,566                                 $1,588               (1.4)


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(1) (2)                           $102,933                                $98,295                 4.7

    Adjusted Total revenue (1)                   $2,308,509                             $2,274,723                 1.5

    Adjusted Total gross
     profit (1)                                    $360,117                               $346,726                 3.9

    Adjusted Total gross
     margin(1)                                         15.6                                   15.2

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (1)                           $1,673                                 $1,588                 5.4

    SG&A expenses                                  $261,787                               $246,501                 6.2

    Adjusted SG&A expenses (1)                     $252,120                               $247,227                 2.0

    SG&A as % revenues                                 11.4                                   10.8

    Adjusted SG&A as %
     revenues (1)                                      11.0                                   10.9

    SG&A as % gross profit                             74.0                                   71.1

    Adjusted SG&A as % gross
     profit (1)                                        70.0                                   71.3

    Operating margin %                                3.0                                    3.4

    Adjusted operating margin
     % (1)                                              4.1                                    3.9

    Pretax margin %                                   1.8                                    2.3

    Adjusted pretax margin %
     (1)                                               2.9                                    2.8


    INTEREST EXPENSE:

    Floorplan interest expense                    $(12,014)                              $(9,979)               20.4

    Floorplan assistance                             13,295                                 12,824                 3.7
                                                     ------                                 ------

    Net floorplan income                             $1,281                                 $2,845              (55.0)

    Other interest expense,
     net                                          $(16,727)                             $(15,710)                6.5



                               Nine Months Ended September 30,
                               -------------------------------

                                                       2017                                   2016  % Increase/

                                                                                                   (Decrease)
                                                                                                   ---------

    REVENUES:

    New vehicle retail sales                     $3,458,287                             $3,558,127               (2.8)

    Used vehicle retail sales                     1,620,171                              1,709,595               (5.2)

    Used vehicle wholesale
     sales                                          200,384                                205,755               (2.6)
                                                    -------                                -------

    Total used                                    1,820,555                              1,915,350                 4.9

    Parts and service                               837,772                                805,618                 4.0

    Finance, insurance and
     other, net                                     276,754                                284,644               (2.8)
                                                    -------                                -------

    Total                                        $6,393,368                             $6,563,739               (2.6)


    GROSS MARGIN %:

    New vehicle retail sales                            5.1                                    5.0

    Used vehicle retail sales                           6.9                                    7.2

    Used vehicle wholesale
     sales                                            (0.1)                                 (0.3)

    Total used                                          6.2                                    6.4

    Parts and service                                  53.8                                   54.6

    Finance, insurance and
     other, net                                       100.0                                  100.0

    Total                                              15.9                                   15.6


    GROSS PROFIT:

    New vehicle retail sales                       $174,831                               $177,674               (1.6)

    Used vehicle retail sales                       112,598                                122,832               (8.3)

    Used vehicle wholesale
     sales                                            (170)                                 (643)               73.6
                                                       ----                                   ----

    Total used                                      112,428                                122,189               (8.0)

    Parts and service                               450,623                                 43,956                 2.5

    Finance, insurance and
     other, net                                     276,754                                284,644               (2.8)
                                                    -------                                -------

    Total                                        $1,014,636                             $1,024,033               (0.9)


    UNITS SOLD:

    Retail new vehicles sold                         93,533                                 98,692               (5.2)

    Retail used vehicles sold                        76,435                                 80,888               (5.5)

    Wholesale used vehicles
     sold                                            29,468                                 30,894               (4.6)
                                                     ------                                 ------

    Total used                                      105,903                                111,782               (5.3)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                              $36,974                                $36,053                 2.6

    Used vehicle retail                             $21,197                                $21,135                 0.3


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                         $1,869                                 $1,800                 3.8

    Used vehicle retail sales                         1,473                                  1,519               (3.0)

    Used vehicle wholesale
     sales                                              (6)                                  (21)               71.4

    Total used                                        1,062                                  1,093               (2.8)

    Finance, insurance and
     other, net (per retail
     unit)                                           $1,628                                 $1,585                 2.7


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(1) (2)                           $283,304                               $284,644               (0.5)

    Adjusted Total revenue (1)                   $6,399,918                             $6,563,739               (2.6)

    Adjusted Total gross
     profit (1)                                  $1,021,186                             $1,024,033               (0.3)

    Adjusted Total gross
     margin(1)                                         16.0                                   15.6

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (1)                           $1,667                                 $1,585                 5.2

    SG&A expenses                                  $741,904                               $737,730                 0.6

    Adjusted SG&A expenses (1)                     $733,427                               $733,683                 0.0

    SG&A as % revenues                                 11.6                                   11.2

    Adjusted SG&A as %
     revenues (1)                                      11.5                                   11.2

    SG&A as % gross profit                             73.1                                   72.0

    Adjusted SG&A as % gross
     profit (1)                                        71.8                                   71.6

    Operating margin %                                3.6                                    3.7

    Adjusted operating margin
     % (1)                                              3.9                                    3.9

    Pretax margin %                                   2.2                                    2.5

    Adjusted pretax margin %
     (1)                                               2.6                                    2.8


    INTEREST EXPENSE:

    Floorplan interest expense                    $(34,954)                             $(30,428)               14.9

    Floorplan assistance                             35,031                                 36,176               (3.2)
                                                     ------                                 ------

    Net floorplan income                                $77                                 $5,748                98.7

    Other interest expense,
     net                                          $(49,571)                             $(46,581)                6.4


    (1)             See the
                    section of
                    this release
                    entitled
                    "Non-GAAP
                    Financial
                    Measures "
                    and the
                    tables
                    attached
                    hereto for
                    information
                    regarding
                    certain
                    selected
                    items that
                    the Company
                    believes
                    impact
                    comparability
                    of financial
                    results
                    between
                    reporting
                    periods, as
                    well as for
                    information
                    regarding
                    non-GAAP
                    financial
                    measures and
                    their
                    reconciliation
                    to the most
                    directly
                    comparable
                    measures as
                    reported in
                    accordance
                    with U.S.
                    GAAP.

    (2)             Finance,
                    insurance
                    and other
                    revenue
                    represents
                    fees earned
                    for the
                    financing of
                    vehicle
                    sales
                    transactions
                    and from the
                    sale of
                    insurance
                    and vehicle
                    service
                    contracts.
                    Such amounts
                    are reported
                    net of
                    estimated
                    amounts to
                    be charged
                    back in the
                    future. As a
                    result,
                    finance,
                    insurance
                    and other
                    revenue and
                    gross
                    profit are
                    the same.


                                                                            Group 1 Automotive, Inc.

                                                                          Additional Information - U.K.

                                                                                   (Unaudited)

                                                                 (Dollars in thousands, except per unit amounts)


                                Three Months Ended September 30,

                                                       2017                                   2016                 % Increase/              Constant Currency (1)

                                                                                                                 (Decrease)              % Increase/ (Decrease)
                                                                                                                  ---------              ----------------------

    REVENUES:

    New vehicle retail sales                       $334,772                               $256,143                                  30.7                                 30.3

    Used vehicle retail sales                       158,076                                106,856                                  47.9                                 48.3

    Used vehicle wholesale
     sales                                           38,647                                 28,586                                  35.2                                 35.5
                                                     ------                                 ------

    Total used                                      196,723                                135,442                                  45.2                                 45.6

    Parts and service                                46,783                                 35,682                                  31.1                                 31.5

    Finance, insurance and
     other, net                                      12,448                                  8,708                                  42.9                                 42.8
                                                     ------                                  -----

    Total                                          $590,726                               $435,975                                  35.5                                 35.4


    GROSS MARGIN %:

    New vehicle retail sales                            5.1                                    5.5

    Used vehicle retail sales                           4.7                                    4.9

    Used vehicle wholesale
     sales                                            (0.9)                                 (1.4)

    Total used                                          3.6                                    3.6

    Parts and service                                  57.3                                   55.7

    Finance, insurance and
     other, net                                       100.0                                  100.0

    Total                                              10.8                                   10.9


    GROSS PROFIT:

    New vehicle retail sales                        $17,205                                $14,031                                  22.6                                 21.9

    Used vehicle retail sales                         7,471                                  5,265                                  41.9                                 42.3

    Used vehicle wholesale
     sales                                            (347)                                 (404)                                 14.1                                 11.7
                                                       ----                                   ----

    Total used                                        7,124                                  4,861                                  46.6                                 46.8

    Parts and service                                26,823                                 19,892                                  34.8                                 35.2

    Finance, insurance and
     other, net                                      12,448                                  8,708                                  42.9                                 42.8
                                                     ------                                  -----

    Total                                           $63,600                                $47,492                                  33.9                                 33.8


    UNITS SOLD:

    Retail new vehicles sold                         10,909                                  8,468                                  28.8

    Retail used vehicles sold                         7,011                                  4,800                                  46.1

    Wholesale used vehicles
     sold                                             4,939                                  3,689                                  33.9
                                                      -----                                  -----

    Total used                                       11,950                                  8,489                                  40.8


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                              $30,688                                $30,248                                   1.5                                  1.2

    Used vehicle retail                             $22,547                                $22,262                                   1.3                                  1.5


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                         $1,577                                 $1,657                                 (4.8)                               (5.4)

    Used vehicle retail sales                         1,066                                  1,097                                 (2.8)                               (2.6)

    Used vehicle wholesale
     sales                                             (70)                                 (110)                                 36.4                                 34.1

    Total used                                          596                                    573                                   4.0                                  4.3

    Finance, insurance and
     other, net (per retail
     unit)                                             $695                                   $656                                   5.9                                  5.7


    OTHER:

    SG&A expenses                                   $53,395                                $39,609                                  34.8                                 35.2

    SG&A as % revenues                                  9.0                                    9.1

    SG&A as % gross profit                             84.0                                   83.4

    Operating margin %                                1.3                                    1.4

    Pretax margin %                                   0.9                                    0.9


    INTEREST EXPENSE:

    Floorplan interest expense                     $(1,336)                              $(1,083)                                 23.4                                 23.5

    Floorplan assistance                                265                                    154                                  72.1                                 72.3
                                                        ---                                    ---

    Net floorplan expense                          $(1,071)                                $(929)                                 15.3                                 15.4

    Other interest expense,
     net                                           $(1,121)                              $(1,299)                               (13.7)                              (13.6)



                               Nine Months Ended September 30,
                               -------------------------------

                                                       2017                                   2016                 % Increase/              Constant Currency (1)

                                                                                                                  (Decrease)             % Increase/ (Decrease)
                                                                                                                  ---------              ----------------------

    REVENUES:

    New vehicle retail sales                       $824,827                               $764,707                                   7.9                                 17.1

    Used vehicle retail sales                       401,851                                339,800                                  18.3                                 28.8

    Used vehicle wholesale
     sales                                           99,604                                 93,985                                   6.0                                 15.6
                                                     ------                                 ------

    Total used                                      501,455                                433,785                                  15.6                                 26.0

    Parts and service                               120,614                                110,180                                   9.5                                 19.2

    Finance, insurance and
     other, net                                      31,260                                 26,991                                  15.8                                 25.8
                                                     ------                                 ------

    Total                                        $1,478,156                             $1,335,663                                  10.7                                 20.3


    GROSS MARGIN %:

    New vehicle retail sales                            5.5                                    5.7

    Used vehicle retail sales                           4.9                                    5.1

    Used vehicle wholesale
     sales                                            (0.9)                                   0.1

    Total used                                          3.7                                    4.0

    Parts and service                                  57.6                                   55.2

    Finance, insurance and
     other, net                                       100.0                                  100.0

    Total                                              11.2                                   11.1


    GROSS PROFIT:

    New vehicle retail sales                        $45,350                                $43,347                                   4.6                                 13.6

    Used vehicle retail sales                        19,579                                 17,329                                  13.0                                 23.3

    Used vehicle wholesale
     sales                                            (851)                                    54                             (1,675.9)                           (5,004.1)
                                                       ----                                    ---

    Total used                                       18,728                                 17,383                                   7.7                                  7.6

    Parts and service                                69,488                                 60,845                                  14.2                                 24.3

    Finance, insurance and
     other, net                                      31,260                                 26,991                                  15.8                                 25.8
                                                     ------                                 ------

    Total                                          $164,826                               $148,566                                  10.9                                 20.7


    UNITS SOLD:

    Retail new vehicles sold                         27,821                                 23,694                                  17.4

    Retail used vehicles sold                        18,435                                 14,401                                  28.0

    Wholesale used vehicles
     sold                                            13,245                                 11,328                                  16.9
                                                     ------                                 ------

    Total used                                       31,680                                 25,729                                  23.1


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                              $29,648                                $32,274                                 (8.1)                               (0.3)

    Used vehicle retail                             $21,798                                $23,596                                 (7.6)                                 0.6


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                         $1,630                                 $1,829                                (10.9)                               (3.3)

    Used vehicle retail sales                         1,062                                  1,203                                (11.7)                               (3.7)

    Used vehicle wholesale
     sales                                             (64)                                     5                             (1,380.0)                           (4,294.3)

    Total used                                          591                                    676                                (12.6)                              (12.6)

    Finance, insurance and
     other, net (per retail
     unit)                                             $676                                   $709                                 (4.7)                                 3.6


    OTHER:

    SG&A expenses                                  $137,475                               $119,154                                  15.4                                 25.5

    Adjusted SG&A expenses(1)                      $137,187                               $118,593                                  15.7                                 25.9

    SG&A as % revenues                                  9.3                                    8.9

    Adjusted SG&A as %
     revenues (1)                                       9.3                                    8.9

    SG&A as % gross profit                             83.4                                   80.2

    Adjusted SG&A as % gross
     profit (1)                                        83.2                                   79.8

    Operating margin %                                1.5                                    1.8

    Adjusted operating margin
     % (1)                                              1.5                                    1.9

    Pretax margin %                                   1.1                                    1.3

    Adjusted pretax margin %
     (1)                                               1.1                                    1.3


    INTEREST EXPENSE:

    Floorplan interest expense                     $(3,423)                              $(3,137)                                  9.1                                 18.5

    Floorplan assistance                                714                                    643                                  11.0                                 22.1
                                                        ---                                    ---

    Net floorplan expense                          $(2,709)                              $(2,494)                                  8.6                                 17.6

    Other interest expense,
     net                                           $(2,386)                              $(3,966)                               (39.8)                              (34.7)


    (1)             See the
                    section of
                    this release
                    entitled
                    "Non-GAAP
                    Financial
                    Measures "
                    and the
                    tables
                    attached
                    hereto for
                    information
                    regarding
                    certain
                    selected
                    items that
                    the Company
                    believes
                    impact
                    comparability
                    of financial
                    results
                    between
                    reporting
                    periods, as
                    well as for
                    information
                    regarding
                    non-GAAP
                    financial
                    measures and
                    their
                    reconciliation
                    to the most
                    directly
                    comparable
                    measures as
                    reported in
                    accordance
                    with U.S.
                    GAAP.


                                                                      Group 1 Automotive, Inc.

                                                                   Additional Information - Brazil

                                                                             (Unaudited)

                                                           (Dollars in thousands, except per unit amounts)


                                 Three Months Ended September 30,

                                     2017                                        2016                       % Increase/             Constant Currency (1)
                                                                                                           (Decrease)
                                                                                                                                  % Increase/ (Decrease)
                                                                                                                                 -----------------------

    REVENUES:

    New vehicle retail sales      $79,202                                     $77,388                                        2.3                              (0.2)

    Used vehicle retail sales      22,931                                      20,213                                       13.4                               10.6

    Used vehicle wholesale
     sales                          2,817                                         811                                      247.3                              239.0
                                    -----                                         ---

    Total used                     25,748                                      21,024                                       22.5                               19.4

    Parts and service              12,495                                      12,359                                        1.1                              (1.4)

    Finance, insurance and
     other, net                     2,162                                       1,707                                       26.7                               23.5
                                    -----                                       -----

    Total                        $119,607                                    $112,478                                        6.3                                3.7


    GROSS MARGIN %:

    New vehicle retail sales          5.7                                         5.8

    Used vehicle retail sales         7.4                                         7.5

    Used vehicle wholesale
     sales                            7.7                                         7.3

    Total used                        7.4                                         7.5

    Parts and service                45.5                                        37.7

    Finance, insurance and
     other, net                     100.0                                       100.0

    Total                            11.9                                        11.1


    GROSS PROFIT:

    New vehicle retail sales       $4,505                                      $4,518                                      (0.3)                             (2.7)

    Used vehicle retail sales       1,690                                       1,510                                       11.9                                9.2

    Used vehicle wholesale
     sales                            216                                          59                                      266.1                              258.5
                                      ---                                         ---

    Total used                      1,906                                       1,569                                       21.5                               18.6

    Parts and service               5,680                                       4,656                                       22.0                               19.0

    Finance, insurance and
     other, net                     2,162                                       1,707                                       26.7                               23.5
                                    -----                                       -----

    Total                         $14,253                                     $12,450                                       14.5                               11.7


    UNITS SOLD:

    Retail new vehicles sold        2,179                                       2,429                                     (10.3)

    Retail used vehicles sold       1,034                                       1,011                                        2.3

    Wholesale used vehicles
     sold                             242                                         333                                     (27.3)
                                      ---                                         ---

    Total used                      1,276                                       1,344                                      (5.1)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail            $36,348                                     $31,860                                       14.1                               11.3

    Used vehicle retail           $22,177                                     $19,993                                       10.9                                8.2


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales       $2,067                                      $1,860                                       11.1                                8.5

    Used vehicle retail sales       1,634                                       1,494                                        9.4                                6.8

    Used vehicle wholesale
     sales                            893                                         177                                      404.5                              393.3

    Total used                      1,494                                       1,167                                       28.0                               24.9

    Finance, insurance and
     other, net (per retail
     unit)                           $673                                        $496                                       35.7                               32.2


    OTHER:

    SG&A expenses                 $13,145                                     $12,896                                        1.9                              (0.6)

    Adjusted SG&A expenses(1)     $13,145                                     $12,622                                        4.1                                1.6

    SG&A as % revenues               11.0                                        11.5

    Adjusted SG&A as %
     revenues (1)                    11.0                                        11.2

    SG&A as % gross profit           92.2                                       103.6

    Adjusted SG&A as % gross
     profit (1)                      92.2                                       101.4

    Operating margin %              0.6                                       (0.6)

    Adjusted operating margin
     % (1)                            0.6                                       (0.4)

    Pretax margin %                 0.5                                       (0.8)

    Adjusted pretax margin %
     (1)                             0.5                                       (0.5)


    INTEREST EXPENSE:

    Floorplan interest expense     $(141)                                      $(73)                                      93.2                               90.9

    Floorplan assistance                -                                          -                                         -                                 -
                                      ---                                        ---

    Net floorplan expense          $(141)                                      $(73)                                      93.2                               90.9

    Other interest expense,
     net                            $(26)                                      $(85)                                    (69.4)                            (68.7)



                               Nine Months Ended September 30,
                               -------------------------------

                                     2017                                        2016                       % Increase/             Constant Currency (1)
                                                                                                                                  % Increase/ (Decrease)
                                                                                                           (Decrease)
                                                                                                           ---------

    REVENUES:

    New vehicle retail sales     $213,108                                    $215,728                                      (1.2)                            (11.0)

    Used vehicle retail sales      67,892                                      57,174                                       18.7                                6.3

    Used vehicle wholesale
     sales                          8,373                                       2,349                                      256.4                              220.7
                                    -----                                       -----

    Total used                     76,265                                      59,523                                       28.1                               14.8

    Parts and service              36,136                                      34,543                                        4.6                              (5.9)

    Finance, insurance and
     other, net                     6,283                                       4,784                                       31.3                               18.3
                                    -----                                       -----

    Total                        $331,792                                    $314,578                                        5.5                              (5.1)


    GROSS MARGIN %:

    New vehicle retail sales          5.8                                         5.7

    Used vehicle retail sales         7.2                                         5.7

    Used vehicle wholesale
     sales                            8.0                                         5.4

    Total used                        7.3                                         5.7

    Parts and service                45.0                                        37.1

    Finance, insurance and
     other, net                     100.0                                       100.0

    Total                            12.2                                        10.6


    GROSS PROFIT:

    New vehicle retail sales      $12,289                                     $12,289                                        0.0                             (10.0)

    Used vehicle retail sales       4,864                                       3,272                                       48.7                               36.8

    Used vehicle wholesale
     sales                            669                                         127                                      426.8                              378.4
                                      ---                                         ---

    Total used                      5,533                                       3,399                                       62.8                               49.6

    Parts and service              16,267                                      12,817                                       26.9                               14.0

    Finance, insurance and
     other, net                     6,283                                       4,784                                       31.3                               18.3
                                    -----                                       -----

    Total                         $40,372                                     $33,289                                       21.3                                9.3


    UNITS SOLD:

    Retail new vehicles sold        6,133                                       7,636                                     (19.7)

    Retail used vehicles sold       3,048                                       3,465                                     (12.0)

    Wholesale used vehicles
     sold                             858                                         855                                        0.4
                                      ---                                         ---

    Total used                      3,906                                       4,320                                      (9.6)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail            $34,748                                     $28,251                                       23.0                               10.9

    Used vehicle retail           $22,274                                     $16,500                                       35.0                               20.8


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales       $2,004                                      $1,609                                       24.5                               12.0

    Used vehicle retail sales       1,596                                         944                                       69.1                               55.5

    Used vehicle wholesale
     sales                            780                                         149                                      423.5                              376.7

    Total used                      1,417                                         787                                       80.1                               65.4

    Finance, insurance and
     other, net (per retail
     unit)                           $684                                        $431                                       58.7                               43.1


    OTHER:

    SG&A expenses                 $37,295                                     $34,808                                        7.1                              (3.6)

    Adjusted SG&A expenses(1)     $37,295                                     $34,162                                        9.2                              (1.7)

    SG&A as % revenues               11.2                                        11.1

    Adjusted SG&A as %
     revenues (1)                    11.2                                        10.9

    SG&A as % gross profit           92.4                                       104.6

    Adjusted SG&A as % gross
     profit (1)                      92.4                                       102.6

    Operating margin %              0.6                                       (0.9)

    Adjusted operating margin
     % (1)                            0.6                                       (0.5)

    Pretax margin %                 0.4                                       (1.0)

    Adjusted pretax margin %
     (1)                             0.4                                       (0.7)


    INTEREST EXPENSE:

    Floorplan interest expense     $(282)                                     $(172)                                      64.0                               50.0

    Floorplan assistance                -                                          -                                         -                                 -
                                      ---                                        ---

    Net floorplan expense          $(282)                                     $(172)                                      64.0                               50.0

    Other interest expense,
     net                           $(231)                                     $(182)                                      26.9                                8.7


    (1)             See the section of this
                    release entitled "Non-GAAP
                    Financial Measures " and the
                    tables attached hereto for
                    information regarding
                    certain selected items that
                    the Company believes impact
                    comparability of financial
                    results between reporting
                    periods, as well as for
                    information regarding non-
                    GAAP financial measures and
                    their reconciliation to the
                    most directly comparable
                    measures as reported in
                    accordance with U.S. GAAP.


                                                                        Group 1 Automotive, Inc.

                                                                 Additional Information - Consolidated

                                                                              (Unaudited)

                                                            (Dollars in thousands, except per unit amounts)


                                 Three Months Ended September 30,

                                     2017                                            2016                     % Increase/          Constant Currency % (1)

                                                                                                             (Decrease)            Increase/ (Decrease)
                                                                                                             ---------             --------------------

    REVENUES:

    New vehicle retail sales   $1,710,241                                      $1,587,952                                      7.7                               7.5

    Used vehicle retail sales     743,038                                         702,620                                      5.8                               5.7

    Used vehicle wholesale
     sales                        104,827                                         104,218                                      0.6                               0.6
                                  -------                                         -------

    Total used                    847,865                                         806,838                                      5.1                               5.1

    Parts and service             343,193                                         319,676                                      7.4                               7.3

    Finance, insurance and
     other, net                   110,993                                         108,710                                      2.1                               2.0
                                  -------                                         -------

    Total                      $3,012,292                                      $2,823,176                                      6.7                               6.6


    GROSS MARGIN %:

    New vehicle retail sales          5.2                                             5.1

    Used vehicle retail sales         6.3                                             6.5

    Used vehicle wholesale
     sales                          (0.2)                                          (1.8)

    Total used                        5.5                                             5.5

    Parts and service                54.0                                            54.2

    Finance, insurance and
     other, net                     100.0                                           100.0

    Total                            14.3                                            14.4


    GROSS PROFIT:

    New vehicle retail sales      $88,332                                         $80,435                                      9.8                               9.6

    Used vehicle retail sales      47,123                                          45,968                                      2.5                               2.5

    Used vehicle wholesale
     sales                          (185)                                        (1,859)                                    90.0                              89.3
                                     ----                                          ------

    Total used                     46,938                                          44,109                                      6.4                               6.3

    Parts and service             185,157                                         173,414                                      6.8                               6.7

    Finance, insurance and
     other, net                   110,993                                         108,710                                      2.1                               2.0
                                  -------                                         -------

    Total                        $431,420                                        $406,668                                      6.1                               6.0


    UNITS SOLD:

    Retail new vehicles sold       48,321                                          45,597                                      6.0

    Retail used vehicles sold      34,349                                          33,012                                      4.1

    Wholesale used vehicles
     sold                          14,967                                          15,027                                    (0.4)
                                   ------                                          ------

    Total used                     49,316                                          48,039                                      2.7


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail            $35,393                                         $34,826                                      1.6                               1.5

    Used vehicle retail           $21,632                                         $21,284                                      1.6                               1.6


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales       $1,828                                          $1,764                                      3.6                               3.4

    Used vehicle retail sales       1,372                                           1,392                                    (1.4)                            (1.5)

    Used vehicle wholesale
     sales                           (12)                                          (124)                                    90.3                              89.2

    Total used                        952                                             918                                      3.7                               3.6

    Finance, insurance and
     other, net (per retail
     unit)                         $1,343                                          $1,383                                    (2.9)                            (3.0)


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(1) (2)         $117,543                                        $108,710                                      8.1                               8.1

    Adjusted Total revenue (1) $3,018,842                                      $2,823,176                                      6.9                               6.8

    Adjusted Total gross
     profit (1)                  $437,970                                        $406,668                                      7.7                               7.6

    Adjusted Total gross
     margin(1)                       14.5                                            14.4

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (1)         $1,422                                          $1,383                                      2.8                               2.8

    SG&A expenses                $328,327                                        $299,006                                      9.8                               9.7

    Adjusted SG&A expenses (1)   $318,660                                        $299,458                                      6.4                               6.4

    SG&A as % revenues               10.9                                            10.6

    Adjusted SG&A as %
     revenues (1)                    10.6                                            10.6

    SG&A as % gross profit           76.1                                            73.5

    Adjusted SG&A as % gross
     profit (1)                      72.8                                            73.6

    Operating margin %              2.6                                             3.0

    Adjusted operating margin
     % (1)                            3.5                                             3.3

    Pretax margin %                 1.6                                             2.0

    Adjusted pretax margin %
     (1)                             2.4                                             2.3


    INTEREST EXPENSE:

    Floorplan interest expense  $(13,491)                                      $(11,135)                                    21.2                              21.2

    Floorplan assistance           13,561                                          12,979                                      4.5                               4.5
                                   ------                                          ------

    Net floorplan income              $70                                          $1,844                                   (96.2)                           (96.1)

    Other interest expense,
     net                        $(17,874)                                      $(17,094)                                     4.6                               4.6



                               Three Months Ended September 30,

                                     2017                                            2016                     % Increase/          Constant Currency % (1)

                                                                                                            (Decrease)             Increase/ (Decrease)
                                                                                                             ---------             --------------------

    REVENUES:

    New vehicle retail sales   $4,496,222                                      $4,538,562                                    (0.9)                              0.2

    Used vehicle retail sales   2,089,914                                       2,106,569                                    (0.8)                              0.6

    Used vehicle wholesale
     sales                        308,361                                         302,089                                      2.1                               4.8
                                  -------                                         -------

    Total used                  2,398,275                                       2,408,658                                    (0.4)                              1.1

    Parts and service             994,522                                         950,341                                      4.6                               5.4

    Finance, insurance and
     other, net                   314,297                                         316,419                                    (0.7)                            (0.0)
                                  -------                                         -------

    Total                      $8,203,316                                      $8,213,980                                    (0.1)                              1.0


    GROSS MARGIN %:

    New vehicle retail sales          5.2                                             5.1

    Used vehicle retail sales         6.6                                             6.8

    Used vehicle wholesale
     sales                          (0.1)                                          (0.2)

    Total used                        5.7                                             5.9

    Parts and service                53.9                                            54.0

    Finance, insurance and
     other, net                     100.0                                           100.0

    Total                            14.9                                            14.7


    GROSS PROFIT:

    New vehicle retail sales     $232,470                                        $233,310                                    (0.4)                              0.8

    Used vehicle retail sales     137,041                                         143,433                                    (4.5)                            (3.5)

    Used vehicle wholesale
     sales                          (352)                                          (462)                                    23.8                           (381.7)
                                     ----                                            ----

    Total used                    136,689                                         142,971                                    (4.4)                            (4.7)

    Parts and service             536,378                                         513,188                                      4.5                               5.4

    Finance, insurance and
     other, net                   314,297                                         316,419                                    (0.7)                            (0.0)
                                  -------                                         -------

    Total                      $1,219,834                                      $1,205,888                                      1.2                               2.0


    UNITS SOLD:

    Retail new vehicles sold      127,487                                         130,022                                    (1.9)

    Retail used vehicles sold      97,918                                          98,754                                    (0.8)

    Wholesale used vehicles
     sold                          43,571                                          43,077                                      1.1
                                   ------                                          ------

    Total used                    141,489                                         141,831                                    (0.2)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail            $35,268                                         $34,906                                      1.0                               2.1

    Used vehicle retail           $21,344                                         $21,331                                      0.1                               1.4


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales       $1,823                                          $1,794                                      1.6                               2.8

    Used vehicle retail sales       1,400                                           1,452                                    (3.6)                            (2.7)

    Used vehicle wholesale
     sales                            (8)                                           (11)                                    27.3                           (376.2)

    Total used                        966                                           1,008                                    (4.2)                            (4.5)

    Finance, insurance and
     other, net (per retail
     unit)                         $1,394                                          $1,383                                      0.8                               1.5


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(1) (2)         $320,847                                        $316,419                                      1.4                               2.1

    Adjusted Total revenue (1) $8,209,866                                      $8,213,980                                    (0.1)                              1.1

    Adjusted Total gross
     profit (1)                $1,226,384                                      $1,205,888                                      1.7                               2.4

    Adjusted Total gross
     margin(1)                       14.9                                            14.7

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (1)         $1,423                                          $1,383                                      2.9                               3.6

    SG&A expenses                $916,674                                        $891,692                                      2.8                               3.7

    Adjusted SG&A expenses (1)   $907,909                                        $886,439                                      2.4                               3.4

    SG&A as % revenues               11.2                                            10.9

    Adjusted SG&A as %
     revenues (1)                    11.1                                            10.8

    SG&A as % gross profit           75.1                                            73.9

    Adjusted SG&A as % gross
     profit (1)                      74.0                                            73.5

    Operating margin %              3.1                                             3.2

    Adjusted operating margin
     % (1)                            3.4                                             3.4

    Pretax margin %                 2.0                                             2.2

    Adjusted pretax margin %
     (1)                             2.3                                             2.4


    INTEREST EXPENSE:

    Floorplan interest expense  $(38,659)                                      $(33,737)                                    14.6                              15.4

    Floorplan assistance           35,745                                          36,818                                    (2.9)                            (2.7)
                                   ------                                          ------

    Net floorplan income         $(2,914)                                         $3,081                                  (194.6)                          (201.1)

    Other interest expense,
     net                        $(52,188)                                      $(50,729)                                     2.9                               3.2


    (1)             See the section of this
                    release entitled "Non-GAAP
                    Financial Measures " and the
                    tables attached hereto for
                    information regarding
                    certain selected items that
                    the Company believes impact
                    comparability of financial
                    results between reporting
                    periods, as well as for
                    information regarding non-
                    GAAP financial measures and
                    their reconciliation to the
                    most directly comparable
                    measures as reported in
                    accordance with U.S. GAAP.

    (2)             Finance, insurance and other
                    revenue represents fees
                    earned for the financing of
                    vehicle sales transactions
                    and from the sale of
                    insurance and vehicle
                    service contracts. Such
                    amounts are reported net of
                    estimated amounts to be
                    charged back in the future.
                    As a result, finance,
                    insurance and other revenue
                    and gross
                   profit are the same.


                                                    Group 1 Automotive, Inc.

                                          Additional Information - Same Store U.S. (1)

                                                          (Unaudited)

                                        (Dollars in thousands, except per unit amounts)


                                 Three Months Ended September 30,
                               --------------------------------

                                                       2017                                   2016   % Increase/

                                                                                                    (Decrease)
                                                                                                    ---------

    REVENUES:

    New vehicle retail sales                     $1,283,050                             $1,238,239                    3.6

    Used vehicle retail sales                       557,657                                568,306                  (1.9)

    Used vehicle wholesale
     sales                                           62,552                                 74,020                 (15.5)
                                                     ------                                 ------

    Total used                                      620,209                                642,326                  (3.4)

    Parts and service                               281,735                                269,072                    4.7

    Finance, insurance and
     other, net                                      95,195                                 96,685                  (1.5)
                                                     ------                                 ------

    Total                                        $2,280,189                             $2,246,322                    1.5


    GROSS MARGIN %:

    New vehicle retail sales                            5.1                                    4.9

    Used vehicle retail sales                           6.7                                    6.8

    Used vehicle wholesale
     sales                                            (0.2)                                 (2.0)

    Total used                                          6.0                                    5.8

    Parts and service                                  53.8                                   54.7

    Finance, insurance and
     other, net                                       100.0                                  100.0

    Total                                              15.3                                   15.3


    GROSS PROFIT:

    New vehicle retail sales                        $65,712                                $61,270                    7.2

    Used vehicle retail sales                        37,638                                 38,909                  (3.3)

    Used vehicle wholesale
     sales                                            (138)                               (1,477)                  90.7
                                                       ----                                 ------

    Total used                                       37,500                                 37,432                    0.2

    Parts and service                               151,481                                147,215                    2.9

    Finance, insurance and
     other, net                                      95,195                                 96,685                  (1.5)
                                                     ------                                 ------

    Total                                          $349,888                               $342,602                    2.1


    UNITS SOLD:

    Retail new vehicles sold                         34,917                                 34,080                    2.5

    Retail used vehicles sold                        26,093                                 26,800                  (2.6)

    Wholesale used vehicles
     sold                                             9,672                                 10,832                 (10.7)
                                                      -----                                 ------

    Total used                                       35,765                                 37,632                  (5.0)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                              $36,746                                $36,333                    1.1

    Used vehicle retail                             $21,372                                $21,205                    0.8


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                         $1,882                                 $1,798                    4.7

    Used vehicle retail sales                         1,442                                  1,452                  (0.7)

    Used vehicle wholesale
     sales                                             (14)                                 (136)                  89.7

    Total used                                        1,049                                    995                    5.4

    Finance, insurance and
     other, net (per retail
     unit)                                           $1,560                                 $1,588                  (1.8)


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(2) (3)                           $101,745                                $96,685                    5.2

    Adjusted Total revenue (2)                   $2,286,739                             $2,246,322                    1.8

    Adjusted Total gross
     profit (2)                                    $356,438                               $342,602                    4.0

    Adjusted Total gross
     margin (2)                                        15.6                                   15.3

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (2)                           $1,668                                 $1,588                    5.0

    SG&A expenses                                  $258,862                               $243,151                    6.5

    Adjusted SG&A expenses (2)                     $249,195                               $242,701                    2.7

    SG&A as % revenues                                 11.4                                   10.8

    Adjusted SG&A as %
     revenues (2)                                      10.9                                   10.8

    SG&A as % gross profit                             74.0                                   71.0

    Adjusted SG&A as % gross
     profit (2)                                        69.9                                   70.8

    Operating margin %                                3.0                                    3.5

    Adjusted operating margin
     % (2)                                              4.2                                    4.0



                               Nine Months Ended September 30,
                               -------------------------------

                                                       2017                                   2016   % Increase/
                                                                                                   (Decrease)
                                                                                                    ---------

    REVENUES:

    New vehicle retail sales                     $3,441,300                             $3,505,583                  (1.8)

    Used vehicle retail sales                     1,614,613                              1,684,837                  (4.2)

    Used vehicle wholesale
     sales                                          199,320                                202,003                  (1.3)
                                                    -------                                -------

    Total used                                    1,813,933                              1,886,840                  (3.9)

    Parts and service                               835,188                                796,455                    4.9

    Finance, insurance and
     other, net                                     274,464                                279,919                  (1.9)
                                                    -------                                -------

    Total                                        $6,364,885                             $6,468,797                  (1.6)


    GROSS MARGIN %:

    New vehicle retail sales                            5.1                                    5.0

    Used vehicle retail sales                           7.0                                    7.2

    Used vehicle wholesale
     sales                                            (0.1)                                 (0.1)

    Total used                                          6.2                                    6.4

    Parts and service                                  53.8                                   54.5

    Finance, insurance and
     other, net                                       100.0                                  100.0

    Total                                              15.9                                   15.6


    GROSS PROFIT:

    New vehicle retail sales                       $173,908                               $175,554                  (0.9)

    Used vehicle retail sales                       112,216                                121,040                  (7.3)

    Used vehicle wholesale
     sales                                            (232)                                 (213)                 (8.9)
                                                       ----                                   ----

    Total used                                      111,984                                120,827                  (7.3)

    Parts and service                               449,262                                433,879                    3.5

    Finance, insurance and
     other, net                                     274,464                                279,919                  (1.9)
                                                    -------                                -------

    Total                                        $1,009,618                             $1,010,179                  (0.1)


    UNITS SOLD:

    Retail new vehicles sold                         93,090                                 96,676                  (3.7)

    Retail used vehicles sold                        76,156                                 79,587                  (4.3)

    Wholesale used vehicles
     sold                                            29,315                                 30,271                  (3.2)
                                                     ------                                 ------

    Total used                                      105,471                                109,858                  (4.0)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                              $36,967                                $36,261                    1.9

    Used vehicle retail                             $21,201                                $21,170                    0.1


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                         $1,868                                 $1,816                    2.9

    Used vehicle retail sales                         1,474                                  1,521                  (3.1)

    Used vehicle wholesale
     sales                                              (8)                                   (7)                (14.3)

    Total used                                        1,062                                  1,100                  (3.5)

    Finance, insurance and
     other, net (per retail
     unit)                                           $1,622                                 $1,588                    2.1


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(2) (3)                           $281,014                               $279,919                    0.4

    Adjusted Total revenue (2)                   $6,371,435                             $6,468,797                  (1.5)

    Adjusted Total gross
     profit (2)                                  $1,016,168                             $1,010,179                    0.6

    Adjusted Total gross
     margin (2)                                        15.9                                   15.6

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (2)                           $1,660                                 $1,588                    4.5

    SG&A expenses                                  $737,548                               $726,162                    1.7

    Adjusted SG&A expenses (2)                     $729,071                               $718,875                    1.4

    SG&A as % revenues                                 11.6                                   11.2

    Adjusted SG&A as %
     revenues (2)                                      11.5                                   11.1

    SG&A as % gross profit                             73.1                                   71.8

    Adjusted SG&A as % gross
     profit (2)                                        71.7                                   71.2

    Operating margin %                                3.6                                    3.7

    Adjusted operating margin
     % (2)                                              4.0                                    4.0


    (1)             Same store amounts
                    include the results
                    for the identical
                    months in each period
                    presented in the
                    comparison,
                    commencing with the
                    first full month we
                    owned the dealership
                    and, in the case of
                    dispositions, ending
                    with the last full
                    month we owned it.
                    Same store results
                    also include the
                    activities of our
                    corporate office.

    (2)             See the section of
                    this release entitled
                    "Non-GAAP Financial
                    Measures " and the
                    tables attached
                    hereto for
                    information regarding
                    certain selected
                    items that the
                    Company believes
                    impact comparability
                    of financial results
                    between reporting
                    periods, as well as
                    for information
                    regarding non-GAAP
                    financial measures
                    and their
                    reconciliation to the
                    most directly
                    comparable measures
                    as reported in
                    accordance with U.S.
                    GAAP.

    (3)             Finance, insurance and
                    other revenue
                    represents fees
                    earned for the
                    financing of vehicle
                    sales transactions
                    and from the sale of
                    insurance and vehicle
                    service contracts.
                    Such amounts are
                    reported net of
                    estimated amounts to
                    be charged back in
                    the future. As a
                    result, finance,
                    insurance and other
                    revenue and gross
                    profits are the same.


                                                                             Group 1 Automotive, Inc.

                                                                   Additional Information - Same Store U.K. (1)

                                                                                   (Unaudited)

                                                                 (Dollars in thousands, except per unit amounts)


                                Three Months Ended September 30,

                                                     2017                                  2016                    % Increase/            Constant Currency (2)

                                                                                                                 (Decrease)             % Increase/ (Decrease)
                                                                                                                  ---------             ----------------------

    REVENUES:

    New vehicle retail sales                     $270,750                              $254,246                                     6.5                                 6.2

    Used vehicle retail sales                     120,723                               104,692                                    15.3                                15.6

    Used vehicle wholesale
     sales                                         30,565                                27,891                                     9.6                                 9.8
                                                   ------                                ------

    Total used                                    151,288                               132,583                                    14.1                                14.4

    Parts and service                              37,360                                35,360                                     5.7                                 6.0

    Finance, insurance and
     other, net                                     9,487                                 8,634                                     9.9                                 9.8
                                                    -----                                 -----

    Total                                        $468,885                              $430,823                                     8.8                                 8.8


    GROSS MARGIN %:

    New vehicle retail sales                          5.2                                   5.5

    Used vehicle retail sales                         4.9                                   4.8

    Used vehicle wholesale
     sales                                          (1.1)                                (1.5)

    Total used                                        3.7                                   3.5

    Parts and service                                58.1                                  55.7

    Finance, insurance and
     other, net                                     100.0                                 100.0

    Total                                            10.9                                  10.9


    GROSS PROFIT:

    New vehicle retail sales                      $14,065                               $13,919                                     1.0                                 0.5

    Used vehicle retail sales                       5,970                                 5,034                                    18.6                                19.0

    Used vehicle wholesale
     sales                                          (332)                                (409)                                   18.8                                17.3
                                                     ----                                  ----

    Total used                                      5,638                                 4,625                                    21.9                                22.2

    Parts and service                              21,710                                19,683                                    10.3                                10.6

    Finance, insurance and
     other, net                                     9,487                                 8,634                                     9.9                                 9.8
                                                    -----                                 -----

    Total                                         $50,900                               $46,861                                     8.6                                 8.6


    UNITS SOLD:

    Retail new vehicles sold                        8,573                                 8,331                                     2.9

    Retail used vehicles sold                       5,094                                 4,643                                     9.7

    Wholesale used vehicles
     sold                                           3,795                                 3,563                                     6.5
                                                    -----                                 -----

    Total used                                      8,889                                 8,206                                     8.3


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                            $31,582                               $30,518                                     3.5                                 3.2

    Used vehicle retail                           $23,699                               $22,548                                     5.1                                 5.4


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                       $1,641                                $1,671                                   (1.8)                              (2.3)

    Used vehicle retail sales                       1,172                                 1,084                                     8.1                                 8.5

    Used vehicle wholesale
     sales                                           (87)                                (115)                                   24.3                                22.3

    Total used                                        634                                   564                                    12.4                                12.8

    Finance, insurance and
     other, net (per retail
     unit)                                           $694                                  $665                                     4.4                                 4.2


    OTHER:

    SG&A expenses                                 $41,538                               $38,836                                     7.0                                 7.2

    SG&A as % revenues                                8.9                                   9.0

    SG&A as % gross profit                           81.6                                  82.9

    Operating margin %                              1.6                                   1.5


                              Nine Months Ended September 30,

                                                     2017                                  2016                    % Increase/            Constant Currency (2)
                                                                                                                 (Decrease)
                                                                                                                                        % Increase/ (Decrease)
                                                                                                                                        ----------------------

    REVENUES:

    New vehicle retail sales                     $719,059                              $746,389                                   (3.7)                                4.6

    Used vehicle retail sales                     336,591                               326,141                                     3.2                                12.4

    Used vehicle wholesale
     sales                                         84,564                                89,360                                   (5.4)                                3.1
                                                   ------                                ------

    Total used                                    421,155                               415,501                                     1.4                                10.4

    Parts and service                             101,479                               105,032                                   (3.4)                                5.1

    Finance, insurance and
     other, net                                    26,498                                26,338                                     0.6                                 9.4
                                                   ------                                ------

    Total                                      $1,268,191                            $1,293,260                                   (1.9)                                6.6


    GROSS MARGIN %:

    New vehicle retail sales                          5.6                                   5.7

    Used vehicle retail sales                         5.1                                   5.2

    Used vehicle wholesale
     sales                                          (0.6)                                  0.1

    Total used                                        3.9                                   4.1

    Parts and service                                57.6                                  55.1

    Finance, insurance and
     other, net                                     100.0                                 100.0

    Total                                            11.2                                  11.1


    GROSS PROFIT:

    New vehicle retail sales                      $40,190                               $42,704                                   (5.9)                                2.2

    Used vehicle retail sales                      17,047                                16,926                                     0.7                                10.1

    Used vehicle wholesale
     sales                                          (494)                                   92                                 (637.0)                          (1,035.6)
                                                     ----                                   ---

    Total used                                     16,553                                17,018                                   (2.7)                                4.4

    Parts and service                              58,473                                57,903                                     1.0                                 9.7

    Finance, insurance and
     other, net                                    26,498                                26,338                                     0.6                                 9.4
                                                   ------                                ------

    Total                                        $141,714                              $143,963                                   (1.6)                                7.1


    UNITS SOLD:

    Retail new vehicles sold                       23,853                                22,956                                     3.9

    Retail used vehicles sold                      15,015                                13,718                                     9.5

    Wholesale used vehicles
     sold                                          11,039                                10,803                                     2.2
                                                   ------                                ------

    Total used                                     26,054                                24,521                                     6.3


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                            $30,145                               $32,514                                   (7.3)                                0.7

    Used vehicle retail                           $22,417                               $23,775                                   (5.7)                                2.7


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                       $1,685                                $1,860                                   (9.4)                              (1.6)

    Used vehicle retail sales                       1,135                                 1,234                                   (8.0)                                0.6

    Used vehicle wholesale
     sales                                           (45)                                    9                                 (600.0)                          (1,015.6)

    Total used                                        635                                   694                                   (8.5)                              (1.7)

    Finance, insurance and
     other, net (per retail
     unit)                                           $682                                  $718                                   (5.0)                                3.2


    OTHER:

    SG&A expenses                                $113,338                              $112,159                                     1.1                                 9.8

    Adjusted SG&A expenses(2)                    $113,050                              $111,598                                     1.3                                10.1

    SG&A as % revenues                                8.9                                   8.7

    Adjusted SG&A as %
     revenues (2)                                     8.9                                   8.6

    SG&A as % gross profit                           80.0                                  77.9

    Adjusted SG&A as % gross
     profit (2)                                      79.8                                  77.5

    Operating margin %                              1.9                                   2.1

    Adjusted operating margin
     % (2)                                            1.9                                   2.1


    (1)             Same store amounts include
                    the results for the
                    identical months in each
                    period presented in the
                    comparison, commencing with
                    the first full month we
                    owned the dealership and,
                    in the case of
                    dispositions, ending with
                    the last full month we
                    owned it. Same store
                    results also include the
                    activities of our corporate
                    office.

    (2)             See the section of this
                    release entitled "Non-GAAP
                    Financial Measures " and
                    the tables attached hereto
                    for information regarding
                    certain selected items that
                    the Company believes impact
                    comparability of financial
                    results between reporting
                    periods, as well as for
                    information regarding non-
                    GAAP financial measures and
                    their reconciliation to the
                    most directly comparable
                    measures as reported in
                    accordance with U.S. GAAP.


                                                                     Group 1 Automotive, Inc.

                                                          Additional Information - Same Store Brazil (1)

                                                                           (Unaudited)

                                                         (Dollars in thousands, except per unit amounts)


                                Three Months Ended September 30,
                              --------------------------------

                                    2017                                        2016                      % Increase/           Constant Currency (2)
                                                                                                         (Decrease)          % Increase/ (Decrease)
                                                                                                         ---------           ----------------------

    REVENUES:

    New vehicle retail sales     $78,689                                     $72,086                                     9.2                            6.5

    Used vehicle retail sales     22,846                                      18,717                                    22.1                           19.0

    Used vehicle wholesale
     sales                         2,818                                         811                                   247.5                          239.0
                                   -----                                         ---

    Total used                    25,664                                      19,528                                    31.4                           28.1

    Parts and service             12,445                                      11,138                                    11.7                            9.0

    Finance, insurance and
     other, net                    2,157                                       1,595                                    35.2                           31.9
                                   -----                                       -----

    Total                       $118,955                                    $104,347                                    14.0                           11.2


    GROSS MARGIN %:

    New vehicle retail sales         5.7                                         5.8

    Used vehicle retail sales        7.4                                         7.7

    Used vehicle wholesale
     sales                           7.7                                         7.3

    Total used                       7.4                                         7.6

    Parts and service               45.5                                        38.8

    Finance, insurance and
     other, net                    100.0                                       100.0

    Total                           11.9                                        11.1


    GROSS PROFIT:

    New vehicle retail sales      $4,464                                      $4,182                                     6.7                            4.2

    Used vehicle retail sales      1,689                                       1,433                                    17.9                           14.9

    Used vehicle wholesale
     sales                           216                                          59                                   266.1                          258.5
                                     ---                                         ---

    Total used                     1,905                                       1,492                                    27.7                           24.5

    Parts and service              5,665                                       4,327                                    30.9                           27.8

    Finance, insurance and
     other, net                    2,157                                       1,595                                    35.2                           31.9
                                   -----                                       -----

    Total                        $14,191                                     $11,596                                    22.4                           19.4


    UNITS SOLD:

    Retail new vehicles sold       2,155                                       2,152                                     0.1

    Retail used vehicles sold      1,028                                         922                                    11.5

    Wholesale used vehicles
     sold                            242                                         283                                  (14.5)
                                     ---                                         ---

    Total used                     1,270                                       1,205                                     5.4


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail           $36,515                                     $33,497                                     9.0                            6.3

    Used vehicle retail          $22,224                                     $20,300                                     9.5                            6.7


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales      $2,071                                      $1,943                                     6.6                            4.0

    Used vehicle retail sales      1,643                                       1,554                                     5.7                            3.1

    Used vehicle wholesale
     sales                           893                                         208                                   329.3                          319.2

    Total used                     1,500                                       1,238                                    21.2                           18.2

    Finance, insurance and
     other, net (per retail
     unit)                          $678                                        $519                                    30.6                           27.4


    OTHER:

    SG&A expenses                $12,746                                     $11,762                                     8.4                            5.7

    Adjusted SG&A expenses(2)    $12,746                                     $11,488                                    11.0                            8.2

    SG&A as % revenues              10.7                                        11.3

    Adjusted SG&A as %
     revenues (2)                   10.7                                        11.0

    SG&A as % gross profit          89.8                                       101.4

    Adjusted SG&A as % gross
     profit (2)                     89.8                                        99.1

    Operating margin %             0.9                                       (0.4)

    Adjusted operating margin
     % (2)                           0.9                                       (0.1)


                              Nine Months Ended September 30,

                                    2017                                        2016                      % Increase/           Constant Currency (2)
                                                                                                                             % Increase/ (Decrease)
                                                                                                         (Decrease)
                                                                                                         ---------

    REVENUES:

    New vehicle retail sales    $204,640                                    $200,165                                     2.2                          (7.8)

    Used vehicle retail sales     64,126                                      50,794                                    26.2                           13.4

    Used vehicle wholesale
     sales                         8,247                                       1,871                                   340.8                          301.7
                                   -----                                       -----

    Total used                    72,373                                      52,665                                    37.4                           23.6

    Parts and service             34,294                                      29,006                                    18.2                            6.9

    Finance, insurance and
     other, net                    5,913                                       4,178                                    41.5                           28.1
                                   -----                                       -----

    Total                       $317,220                                    $286,014                                    10.9                            0.0


    GROSS MARGIN %:

    New vehicle retail sales         5.8                                         5.7

    Used vehicle retail sales        7.3                                         5.9

    Used vehicle wholesale
     sales                           7.9                                         7.4

    Total used                       7.4                                         6.0

    Parts and service               45.8                                        39.0

    Finance, insurance and
     other, net                    100.0                                       100.0

    Total                           12.2                                        10.5


    GROSS PROFIT:

    New vehicle retail sales     $11,858                                     $11,394                                     4.1                          (6.2)

    Used vehicle retail sales      4,708                                       3,018                                    56.0                           43.8

    Used vehicle wholesale
     sales                           653                                         138                                   373.2                          330.1
                                     ---                                         ---

    Total used                     5,361                                       3,156                                    69.9                           56.3

    Parts and service             15,722                                      11,316                                    38.9                           25.5

    Finance, insurance and
     other, net                    5,913                                       4,178                                    41.5                           28.1
                                   -----                                       -----

    Total                        $38,854                                     $30,044                                    29.3                           17.0


    UNITS SOLD:

    Retail new vehicles sold       5,864                                       6,690                                  (12.3)

    Retail used vehicles sold      2,925                                       2,901                                     0.8

    Wholesale used vehicles
     sold                            723                                         634                                    14.0
                                     ---                                         ---

    Total used                     3,648                                       3,535                                     3.2


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail           $34,898                                     $29,920                                    16.6                            5.2

    Used vehicle retail          $21,923                                     $17,509                                    25.2                           12.4


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales      $2,022                                      $1,703                                    18.7                            7.0

    Used vehicle retail sales      1,610                                       1,040                                    54.8                           42.6

    Used vehicle wholesale
     sales                           903                                         218                                   314.2                          277.1

    Total used                     1,470                                         893                                    64.6                           51.5

    Finance, insurance and
     other, net (per retail
     unit)                          $673                                        $436                                    54.4                           39.8


    OTHER:

    SG&A expenses                $34,693                                     $29,192                                    18.8                            7.6

    Adjusted SG&A expenses(2)    $34,693                                     $28,918                                    20.0                            8.6

    SG&A as % revenues              10.9                                        10.2

    Adjusted SG&A as %
     revenues (2)                   10.9                                        10.1

    SG&A as % gross profit          89.3                                        97.2

    Adjusted SG&A as % gross
     profit (2)                     89.3                                        96.3

    Operating margin %             1.0                                         0.0

    Adjusted operating margin
     % (2)                           1.0                                         0.1


    (1)             Same store amounts include
                    the results for the
                    identical months in each
                    period presented in the
                    comparison, commencing with
                    the first full month we
                    owned the dealership and,
                    in the case of
                    dispositions, ending with
                    the last full month we
                    owned it. Same store
                    results also include the
                    activities of our corporate
                    office.

    (2)             See the section of this
                    release entitled "Non-GAAP
                    Financial Measures " and
                    the tables attached hereto
                    for information regarding
                    certain selected items that
                    the Company believes impact
                    comparability of financial
                    results between reporting
                    periods, as well as for
                    information regarding non-
                    GAAP financial measures and
                    their reconciliation to the
                    most directly comparable
                    measures as reported in
                    accordance with U.S. GAAP.


                                                                                Group 1 Automotive, Inc.

                                                                  Additional Information - Same Store Consolidated (1)

                                                                                      (Unaudited)

                                                                    (Dollars in thousands, except per unit amounts)


                                 Three Months Ended September 30,

                                                      2017                                    2016                       % Increase/            Constant Currency (2)

                                                                                                                       (Decrease)             % Increase/ (Decrease)
                                                                                                                        ---------             ----------------------

    REVENUES:

    New vehicle retail sales                    $1,632,489                              $1,564,571                                        4.3                                  4.2

    Used vehicle retail sales                      701,226                                 691,715                                        1.4                                  1.3

    Used vehicle wholesale
     sales                                          95,935                                 102,722                                      (6.6)                               (6.6)
                                                    ------                                 -------

    Total used                                     797,161                                 794,437                                        0.3                                  0.3

    Parts and service                              331,540                                 315,570                                        5.1                                  5.0

    Finance, insurance and
     other, net                                    106,839                                 106,914                                      (0.1)                               (0.1)
                                                   -------                                 -------

    Total                                       $2,868,029                              $2,781,492                                        3.1                                  3.0


    GROSS MARGIN %:

    New vehicle retail sales                           5.2                                     5.1

    Used vehicle retail sales                          6.5                                     6.6

    Used vehicle wholesale
     sales                                           (0.3)                                  (1.8)

    Total used                                         5.7                                     5.5

    Parts and service                                 53.9                                    54.3

    Finance, insurance and
     other, net                                      100.0                                   100.0

    Total                                             14.5                                    14.4


    GROSS PROFIT:

    New vehicle retail sales                       $84,241                                 $79,371                                        6.1                                  5.9

    Used vehicle retail sales                       45,297                                  45,376                                      (0.2)                               (0.2)

    Used vehicle wholesale
     sales                                           (254)                                (1,827)                                      86.1                                 85.5
                                                      ----                                  ------

    Total used                                      45,043                                  43,549                                        3.4                                  3.4

    Parts and service                              178,856                                 171,225                                        4.5                                  4.4

    Finance, insurance and
     other, net                                    106,839                                 106,914                                      (0.1)                               (0.1)
                                                   -------                                 -------

    Total                                         $414,979                                $401,059                                        3.5                                  3.4


    UNITS SOLD:

    Retail new vehicles sold                        45,645                                  44,563                                        2.4

    Retail used vehicles sold                       32,215                                  32,365                                      (0.5)

    Wholesale used vehicles
     sold                                           13,709                                  14,678                                      (6.6)
                                                    ------                                  ------

    Total used                                      45,924                                  47,043                                      (2.4)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                             $35,765                                 $35,109                                        1.9                                  1.7

    Used vehicle retail                            $21,767                                 $21,372                                        1.8                                  1.8


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                        $1,846                                  $1,781                                        3.6                                  3.4

    Used vehicle retail sales                        1,406                                   1,402                                        0.3                                  0.2

    Used vehicle wholesale
     sales                                            (19)                                  (124)                                      84.7                                 84.5

    Total used                                         981                                     926                                        5.9                                  5.9

    Finance, insurance and
     other, net (per retail
     unit)                                          $1,372                                  $1,390                                      (1.3)                               (1.3)


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(2) (3)                          $113,389                                $106,914                                        6.1                                  6.0

    Adjusted Total revenue (2)                  $2,874,579                              $2,781,492                                        3.3                                  3.2

    Adjusted Total gross
     profit (2)                                   $421,529                                $401,059                                        5.1                                  5.0

    Adjusted Total gross
     margin (2)                                       14.7                                    14.4

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (2)                          $1,456                                  $1,390                                        4.7                                  4.7

    SG&A expenses                                 $313,146                                $293,749                                        6.6                                  6.5

    Adjusted SG&A expenses (2)                    $303,479                                $293,025                                        3.6                                  3.5

    SG&A as % revenues                                10.9                                    10.6

    Adjusted SG&A as %
     revenues (2)                                     10.6                                    10.5

    SG&A as % gross profit                            75.5                                    73.2

    Adjusted SG&A as % gross
     profit (2)                                       72.0                                    73.1

    Operating margin %                               2.7                                     3.0

    Adjusted operating margin
     % (2)                                             3.6                                     3.4


                               Nine Months Ended September 30,

                                                      2017                                    2016                       % Increase/            Constant Currency (2)

                                                                                                                        (Decrease)            % Increase/ (Decrease)
                                                                                                                        ---------             ----------------------

    REVENUES:

    New vehicle retail sales                    $4,364,999                              $4,452,137                                      (2.0)                               (1.0)

    Used vehicle retail sales                    2,015,330                               2,061,772                                      (2.3)                               (1.1)

    Used vehicle wholesale
     sales                                         292,131                                 293,234                                      (0.4)                                 2.0
                                                   -------                                 -------

    Total used                                   2,307,461                               2,355,006                                      (2.0)                               (0.7)

    Parts and service                              970,961                                 930,493                                        4.3                                  5.0

    Finance, insurance and
     other, net                                    306,875                                 310,435                                      (1.1)                               (0.6)
                                                   -------                                 -------

    Total                                       $7,950,296                              $8,048,071                                      (1.2)                               (0.2)


    GROSS MARGIN %:

    New vehicle retail sales                           5.2                                     5.2

    Used vehicle retail sales                          6.6                                     6.8

    Used vehicle wholesale
     sales                                               -                                      -

    Total used                                         5.8                                     6.0

    Parts and service                                 53.9                                    54.1

    Finance, insurance and
     other, net                                      100.0                                   100.0

    Total                                             15.0                                    14.7


    GROSS PROFIT:

    New vehicle retail sales                      $225,956                                $229,652                                      (1.6)                               (0.6)

    Used vehicle retail sales                      133,971                                 140,984                                      (5.0)                               (4.1)

    Used vehicle wholesale
     sales                                            (73)                                     17                                    (529.4)                           (3,053.6)
                                                       ---                                     ---

    Total used                                     133,898                                 141,001                                      (5.0)                               (4.5)

    Parts and service                              523,457                                 503,098                                        4.0                                  4.8

    Finance, insurance and
     other, net                                    306,875                                 310,435                                      (1.1)                               (0.6)
                                                   -------                                 -------

    Total                                       $1,190,186                              $1,184,186                                        0.5                                  1.2


    UNITS SOLD:

    Retail new vehicles sold                       122,807                                 126,322                                      (2.8)

    Retail used vehicles sold                       94,096                                  96,206                                      (2.2)

    Wholesale used vehicles
     sold                                           41,077                                  41,708                                      (1.5)
                                                    ------                                  ------

    Total used                                     135,173                                 137,914                                      (2.0)


    AVERAGE RETAIL SALES
     PRICE:

    New vehicle retail                             $35,544                                 $35,244                                        0.8                                  1.8

    Used vehicle retail                            $21,418                                 $21,431                                      (0.1)                                 1.1


    GROSS PROFIT PER UNIT
     SOLD:

    New vehicle retail sales                        $1,840                                  $1,818                                        1.2                                  2.2

    Used vehicle retail sales                        1,424                                   1,465                                      (2.8)                               (2.0)

    Used vehicle wholesale
     sales                                             (2)                                      -                                         -                           (3,099.0)

    Total used                                         991                                   1,022                                      (3.0)                               (2.5)

    Finance, insurance and
     other, net (per retail
     unit)                                          $1,415                                  $1,395                                        1.4                                  2.0


    OTHER:

    Adjusted Finance,
     insurance and other
     revenue, net(2) (3)                          $313,425                                $310,435                                        1.0                                  1.5

    Adjusted Total revenue (2)                  $7,956,846                              $8,048,071                                      (1.1)                               (0.1)

    Adjusted Total gross
     profit (2)                                 $1,196,736                              $1,184,186                                        1.1                                  1.8

    Adjusted Total gross
     margin (2)                                       15.0                                    14.7

    Adjusted Finance,
     insurance and other, net
     (per retail unit) (2)                          $1,445                                  $1,395                                        3.6                                  4.2

    SG&A expenses                                 $885,579                                $866,513                                        2.2                                  3.0

    Adjusted SG&A expenses (2)                    $876,814                                $859,391                                        2.0                                  2.8

    SG&A as % revenues                                11.1                                    10.8

    Adjusted SG&A as %
     revenues (2)                                     11.0                                    10.7

    SG&A as % gross profit                            74.4                                    73.2

    Adjusted SG&A as % gross
     profit (2)                                       73.3                                    72.6

    Operating margin %                               3.2                                     3.3

    Adjusted operating margin
     % (2)                                             3.5                                     3.6


    (1)             Same store amounts include
                    the results for the
                    identical months in each
                    period presented in the
                    comparison, commencing with
                    the first full month we
                    owned the dealership and,
                    in the case of
                    dispositions, ending with
                    the last full month we
                    owned it. Same store
                    results also include the
                    activities of our corporate
                    office.

    (2)             See the section of this
                    release entitled "Non-GAAP
                    Financial Measures " and
                    the tables attached hereto
                    for information regarding
                    certain selected items that
                    the Company believes impact
                    comparability of financial
                    results between reporting
                    periods, as well as for
                    information regarding non-
                    GAAP financial measures and
                    their reconciliation to the
                    most directly comparable
                    measures as reported in
                    accordance with U.S. GAAP.

    (3)             Finance, insurance and other
                    revenue represents fees
                    earned for the financing of
                    vehicle sales transactions
                    and from the sale of
                    insurance and vehicle
                    service contracts. Such
                    amounts are reported net of
                    estimated amounts to be
                    charged back in the future.
                    As a result, finance,
                    insurance and other revenue
                    and gross profits are the
                    same.


                                                                  Group 1 Automotive, Inc.

                                                Reconciliation of Certain Non-GAAP Financial Measures - U.S.

                                                                         (Unaudited)

                                                       (Dollars in thousands, except per share amounts)


                                                                 Three Months Ended September 30,
                                                               --------------------------------

                                                                                                2017             2016    % Increase/
                                                                                                                        (Decrease)
                                                                                                                         ---------

    FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                     $96,383          $98,295           (1.9)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Finance, insurance and other
                   revenue, net (1)                                                           $102,933          $98,295             4.7


    TOTAL REVENUES RECONCILIATION:

               As reported                                                                  $2,301,959       $2,274,723             1.2

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Total Revenues (1)                                               $2,308,509       $2,274,723             1.5


    TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                    $353,567         $346,726             2.0

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Total Gross Profit (1)                                             $360,117         $346,726             3.9


    SG&A RECONCILIATION:

               As reported                                                                    $261,787         $246,501             6.2

                 Pre-tax adjustments:

                   Catastrophic events                                                         (8,149)           (450)

                   Gain (loss) on real estate and
                    dealership transactions                                                      (798)           1,176

                   Legal settlements                                                             (720)               -

                  Adjusted SG&A (1)                                                           $252,120         $247,227             2.0


    TOTAL GROSS MARGIN %:

               Unadjusted                                                                         15.4             15.2

               Adjusted (1)                                                                       15.6             15.2

    FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                       $1,566           $1,588           (1.4)

               Adjusted (1)                                                                     $1,673           $1,588             5.4

    SG&A AS % REVENUES:

               Unadjusted                                                                         11.4             10.8

               Adjusted (1)                                                                       11.0             10.9

    SG&A AS % GROSS PROFIT:

               Unadjusted                                                                         74.0             71.1

               Adjusted (1)                                                                       70.0             71.3

    OPERATING MARGIN %:

               Unadjusted                                                                          3.0              3.4

               Adjusted (1), (2)                                                                   4.1              3.9

    PRETAX MARGIN %:

               Unadjusted                                                                          1.8              2.3

               Adjusted (1), (2)                                                                   2.9              2.8


    SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                     $95,195          $96,685           (1.5)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Finance, insurance and other
                   revenue, net (1)                                                           $101,745          $96,685             5.2


    SAME STORE TOTAL REVENUES RECONCILIATION:

               As reported                                                                  $2,280,189       $2,246,322             1.5

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Total Revenues (1)                                               $2,286,739       $2,246,322             1.8


    SAME STORE TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                    $349,888         $342,602             2.1

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Total Gross Profit (1)                                             $356,438         $342,602             4.0


    SAME STORE SG&A RECONCILIATION:

               As reported                                                                    $258,862         $243,151             6.5

                 Pre-tax adjustments:

                   Catastrophic events                                                         (8,149)           (450)

                   Loss on real estate and dealership
                    transactions                                                                 (798)               -

                   Legal settlements                                                             (720)               -

                  Adjusted Same Store SG&A (1)                                                $249,195         $242,701             2.7


    SAME STORE TOTAL GROSS MARGIN %:

               Unadjusted                                                                         15.3             15.3

               Adjusted (1)                                                                       15.6             15.3

    SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                       $1,560           $1,588           (1.8)

               Adjusted (1)                                                                     $1,668           $1,588             5.0

    SAME STORE SG&A AS % REVENUES:

               Unadjusted                                                                         11.4             10.8

               Adjusted (1)                                                                       10.9             10.8

    SAME STORE SG&A AS % GROSS PROFIT:

               Unadjusted                                                                         74.0             71.0

               Adjusted (1)                                                                       69.9             70.8

    SAME STORE OPERATING MARGIN %

               Unadjusted                                                                          3.0              3.5

               Adjusted (1), (3)                                                                   4.2              4.0


                                                               Nine Months Ended September 30,
                                                               -------------------------------

                                                                                                2017             2016    % Increase/
                                                                                                                        (Decrease)
                                                                                                                         ---------

    FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                    $276,754         $284,644           (2.8)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                   Adjusted Finance, insurance and other
                    revenue, net (1)                                                          $283,304         $284,644           (0.5)


    TOTAL REVENUES RECONCILIATION:

               As reported                                                                  $6,393,368       $6,563,739           (2.6)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                   Adjusted Total Revenues (1)                                              $6,399,918       $6,563,739           (2.5)


    TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                  $1,014,636       $1,024,033           (0.9)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Total Gross Profit (1)                                           $1,021,186       $1,024,033           (0.3)


    SG&A RECONCILIATION:

               As reported                                                                    $741,904         $737,730             0.6

                 Pre-tax adjustments:

                   Catastrophic events                                                         (8,792)         (5,873)

                   Gain (loss) on real estate and
                    dealership transactions                                                      (798)           1,856

                   Acquisition costs                                                                 -            (30)

                        Legal Settlements (4)                                                    1,113                -

                  Adjusted SG&A (1)                                                           $733,427         $733,683           (0.0)


    TOTAL GROSS MARGIN %:

               Unadjusted                                                                         15.9             15.6

               Adjusted (1)                                                                       16.0             15.6

    FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                       $1,628           $1,585             2.7

               Adjusted (1)                                                                     $1,667           $1,585             5.2

    SG&A AS % REVENUES:

               Unadjusted                                                                         11.6             11.2

               Adjusted (1)                                                                       11.5             11.2

    SG&A AS % OF GROSS PROFIT:

               Unadjusted                                                                         73.1             72.0

               Adjusted (1)                                                                       71.8             71.6

    OPERATING MARGIN %:

                Unadjusted                                                                         3.6              3.7

               Adjusted (1), (2)                                                                   3.9              3.9

    PRETAX MARGIN %:

               Unadjusted                                                                          2.2              2.5

               Adjusted (1), (2)                                                                   2.6              2.8


    SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                    $274,464         $279,919           (1.9)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Finance, insurance and other
                   revenue, net (1)                                                           $281,014         $279,919             0.4


    SAME STORE TOTAL REVENUES RECONCILIATION:

               As reported                                                                  $6,364,885       $6,468,797           (1.6)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                   Adjusted Total Revenues (1)                                              $6,371,435       $6,468,797           (1.5)


    SAME STORE TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                  $1,009,618       $1,010,179           (0.1)

                 Pre-tax adjustments:

                   Catastrophic events                                                           6,550                -

                  Adjusted Total Gross Profit (1)                                           $1,016,168       $1,010,179             0.6


    SAME STORE SG&A RECONCILIATION:

               As reported                                                                    $737,548         $725,162             1.7

                 Pre-tax adjustments:

                   Catastrophic events                                                         (8,792)         (5,873)

                   Loss on real estate and dealership
                    transactions                                                                 (798)           (384)

                   Acquisition costs                                                                 -            (30)

                        Legal Settlements (4)                                                    1,113                -

                  Adjusted Same Store SG&A(1)                                                 $729,071         $718,875             1.4


    SAME STORE TOTAL GROSS MARGIN %:

               Unadjusted                                                                         15.9             15.6

               Adjusted (1)                                                                       15.9             15.6

    SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                       $1,622           $1,588             2.1

               Adjusted (1)                                                                     $1,660           $1,588             4.5

    SAME STORE SG&A AS % REVENUES:

               Unadjusted                                                                         11.6             11.2

               Adjusted (1)                                                                       11.5             11.1

    SAME STORE SG&A AS % GROSS PROFIT:

               Unadjusted                                                                         73.1             71.8

               Adjusted (1)                                                                       71.7             71.2

    SAME STORE OPERATING MARGIN %

               Unadjusted                                                                          3.6              3.7

               Adjusted (1), (3)                                                                   4.0              4.0


             (1)    See the section of
                     this release
                     entitled "Non-
                     GAAP Financial
                     Measures " for
                     information
                     regarding non-
                     GAAP financial
                     measures and
                     certain selected
                     items that the
                     Company believes
                     impact
                     comparability of
                     financial results
                     between reporting
                     periods.

             (2)    Excludes the impact
                     of SG&A
                     reconciling items
                     above, as well as
                     non-cash asset
                     impairment charges
                     of $9,526 for the
                     three and nine
                     months ended
                     September 30,
                     2017,
                     respectively, and
                     $10,855 and
                     $12,389 for the
                     three and nine
                     months ended
                     September 30,
                     2016,
                     respectively.

             (3)    Excludes the impact
                     of Same Store SG&A
                     reconciling items
                     above, as well as
                     non-cash asset
                     impairment charges
                     of $9,526 for the
                     three and nine
                     months ended
                     September 30,
                     2017,
                     respectively, and
                     $10,793 and
                     $12,327 for the
                     three and nine
                     months ended
                     September 30,
                     2016,
                     respectively.

             (4)    For the nine months
                     ended September
                     30, 2017, the
                     Company recognized
                     a net pre-tax
                     gain related to a
                     settlement with an
                     OEM of $1.8
                     million.


                                                 Group 1 Automotive, Inc.

                               Reconciliation of Certain Non-GAAP Financial Measures - U.K.

                                                        (Unaudited)

                                      (Dollars in thousands, except per share amounts)


                                                                                         Nine Months Ended September 30,
                                                                                       -------------------------------

                                                                                         2017                     2016    % Increase/

                                                                                                                         (Decrease)
                                                                                                                          ---------

    SG&A RECONCILIATION:

                                          As reported                                  $137,475                 $119,154            15.4

                                            Pre-tax adjustments:

                                              Acquisition costs                           (288)                   (561)

                                             Adjusted SG&A (1)                         $137,187                 $118,593            15.7


    SG&A AS % REVENUES:

                                          Unadjusted                                        9.3                      8.9

                                          Adjusted (1)                                      9.3                      8.9

    SG&A AS % OF GROSS PROFIT:

                                          Unadjusted                                       83.4                     80.2

                                          Adjusted (1)                                     83.2                     79.8

    OPERATING MARGIN %:

                                          Unadjusted                                        1.5                      1.8

                                          Adjusted (1)                                      1.5                      1.9

    PRETAX MARGIN %:

                                          Unadjusted                                        1.1                      1.3

                                          Adjusted (1),                                     1.1                      1.3


    SAME STORE SG&A RECONCILIATION:

                                          As reported                                  $113,338                 $112,159             1.1

                                            Pre-tax adjustments:

                                              Acquisition costs                           (288)                   (561)

                                             Adjusted Same Store SG&A (1)              $113,050                 $111,598             1.3


    SAME STORE SG&A AS % REVENUES:

                                          Unadjusted                                        8.9                      8.7

                                          Adjusted (1)                                      8.9                      8.6

    SAME STORE SG&A AS % GROSS PROFIT:

                                          Unadjusted                                       80.0                     77.9

                                          Adjusted (1)                                     79.8                     77.5

    SAME STORE OPERATING MARGIN %

                                          Unadjusted                                        1.9                      2.1

                                          Adjusted (1)                                      1.9                      2.1


             (1)    See the section of
                     this release
                     entitled "Non-
                     GAAP Financial
                     Measures " for
                     information
                     regarding non-
                     GAAP financial
                     measures and
                     certain selected
                     items that the
                     Company believes
                     impact
                     comparability of
                     financial results
                     between reporting
                     periods.


                                                Group 1 Automotive, Inc.

                             Reconciliation of Certain Non-GAAP Financial Measures - Brazil

                                                       (Unaudited)

                                     (Dollars in thousands, except per share amounts)


                                                                                       Three Months Ended September 30,
                                                                                     --------------------------------

                                                                                        2017                    2016     % Increase/
                                                                                                                        (Decrease)
                                                                                                                         ---------

    SG&A RECONCILIATION:

                                          As reported                                  $13,145                 $12,896              1.9

                                            Pre-tax adjustments:

                                              Foreign transaction tax                        -                  (274)

                                             Adjusted SG&A (1)                         $13,145                 $12,622              4.1


    SG&A AS % REVENUES:

                                          Unadjusted                                      11.0                    11.5

                                          Adjusted (1)                                    11.0                    11.2

    SG&A AS % GROSS PROFIT:

                                          Unadjusted                                      92.2                   103.6

                                          Adjusted (1)                                    92.2                   101.4

    OPERATING MARGIN %

                                          Unadjusted                                       0.6                   (0.6)

                                          Adjusted (1),                                    0.6                   (0.4)

    PRETAX MARGIN %:

                                          Unadjusted                                       0.5                   (0.8)

                                          Adjusted (1)                                     0.5                   (0.5)


    SAME STORE SG&A RECONCILIATION:

                                          As reported                                  $12,746                 $11,762              8.4

                                            Pre-tax adjustments:

                                              Foreign transaction tax                        -                  (274)

                                             Adjusted Same Store SG&A (1)              $12,746                 $11,488             11.0


    SAME STORE SG&A AS % REVENUES:

                                          Unadjusted                                      10.7                    11.3

                                          Adjusted (1)                                    10.7                    11.0

    SAME STORE SG&A AS % GROSS PROFIT:

                                          Unadjusted                                      89.8                   101.4

                                          Adjusted (1)                                    89.8                    99.1

    SAME STORE OPERATING MARGIN %

                                          Unadjusted                                       0.9                   (0.4)

                                          Adjusted (1)                                     0.9                   (0.1)


                                                                                      Nine Months Ended September 30,
                                                                                      -------------------------------

                                                                                        2017                    2016      % Increase/

                                                                                                                         (Decrease)
                                                                                                                          ---------

    SG&A RECONCILIATION:

                                          As reported                                  $37,295                 $34,808              7.1

                                            Pre-tax adjustments:

                                              Gain (loss) on real estate and
                                               dealership transactions                       -                  (372)

                                              Foreign transaction tax                        -                  (274)

                                             Adjusted SG&A (1)                         $37,295                 $34,162              9.2


    SG&A AS % REVENUES:

                                          Unadjusted                                      11.2                    11.1

                                          Adjusted (1)                                    11.2                    10.9

    SG&A AS % OF GROSS PROFIT:

                                          Unadjusted                                      92.4                   104.6

                                          Adjusted (1)                                    92.4                   102.6

    OPERATING MARGIN %:

                                          Unadjusted                                       0.6                   (0.9)

                                          Adjusted (1), (2)                                0.6                   (0.5)

    PRETAX MARGIN %:

                                          Unadjusted                                       0.4                   (1.0)

                                          Adjusted (1), (2)                                0.4                   (0.7)


    SAME STORE SG&A RECONCILIATION:

                                          As reported                                  $34,693                 $29,192             18.8

                                            Pre-tax adjustments:

                                              Foreign transaction tax                        -                  (274)

                                             Adjusted Same Store SG&A (1)              $34,693                 $28,918             20.0


    SAME STORE SG&A AS % REVENUES:

                                          Unadjusted                                      10.9                    10.2

                                          Adjusted (1)                                    10.9                    10.1

    SAME STORE SG&A AS % GROSS PROFIT:

                                          Unadjusted                                      89.3                    97.2

                                          Adjusted (1)                                    89.3                    96.3

    SAME STORE OPERATING MARGIN %

                                          Unadjusted                                       1.0                     0.0

                                          Adjusted (1)                                     1.0                     0.1


             (1)    See the section of
                     this release
                     entitled "Non-
                     GAAP Financial
                     Measures " for
                     information
                     regarding non-
                     GAAP financial
                     measures and
                     certain selected
                     items that the
                     Company believes
                     impact
                     comparability of
                     financial results
                     between reporting
                     periods.

             (2)    Excludes the impact
                     of SG&A
                     reconciling items
                     above, as well as
                     non-cash asset
                     impairment charges
                     of $423 for the
                     nine months ended
                     September 30,
                     2016.


                                                                        Group 1 Automotive, Inc.

                                                  Reconciliation of Certain Non-GAAP Financial Measures - CONSOLIDATED

                                                                              (Unaudited)

                                                            (Dollars in thousands, except per share amounts)


                                                                            Three Months Ended September 30,
                                                                          --------------------------------

                                                                                                      2017                 2016     % Increase/

                                                                                                                                   (Decrease)
                                                                                                                                    ---------


    NET INCOME RECONCILIATION:

               As reported                                                                           $29,881              $35,366          (15.5)

                 Pre-tax adjustments:

                   Catastrophic events

                   Pre-tax                                                                            14,699                  450

                   Tax impact                                                                        (5,677)               (169)

                   (Gain) loss on real estate and dealership
                    transactions

                   Pre-tax                                                                               798              (1,114)

                   Tax impact                                                                          (301)                 418

                   Legal settlements

                   Pre-tax                                                                               720                    -

                   Tax impact                                                                          (270)                   -

                   Foreign transaction tax

                   Pre-tax                                                                                 -                 274

                   Tax impact                                                                              -                   -

                   Non-cash asset impairment

                   Pre-tax                                                                             9,526               10,793

                   Tax impact                                                                        (3,579)             (4,047)

                   Allowance for uncertain tax positions

                   Pre-tax                                                                                 -                   -

                   Tax impact                                                                            834                    -

                  Adjusted net income (1)                                                            $46,631              $41,971            11.1


    ADJUSTED NET INCOME ATTRIBUTABLE TO DILUTED

               COMMON SHARES RECONCILIATION:

               Adjusted net income (1)                                                               $46,631              $41,971            11.1

                Less: Adjusted earnings allocated to
                participating securities                                                               1,603                1,695           (5.4)

                Adjusted net income available to diluted common
                shares (1)                                                                           $45,028              $40,276            11.8


     DILUTED INCOME PER COMMON SHARE RECONCILIATION:

               As reported                                                                             $1.43                $1.65          (13.3)

               After-tax adjustments:

                   Catastrophic events                                                                  0.44                 0.01

                   (Gain) loss on real estate and dealership
                    transactions                                                                        0.02               (0.03)

                   Legal settlements                                                                    0.02                    -

                   Foreign transaction tax                                                                 -                0.01

                   Non-cash asset impairment                                                            0.28                 0.32

                   Allowance for uncertain tax positions                                                0.04                    -

                  Adjusted diluted income per share (1)                                                $2.23                $1.96            13.8


    FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                          $110,993             $108,710             2.1

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Finance, insurance and other revenue,
                   net (1)                                                                          $117,543             $108,710             8.1


    TOTAL REVENUES RECONCILIATION:

               As reported                                                                        $3,012,292           $2,823,176             6.7

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Revenues (1)                                                     $3,018,842           $2,823,176             6.9


    TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                          $431,420             $406,668             6.1

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Gross Profit (1)                                                   $437,970             $406,668             7.7


    SG&A RECONCILIATION:

               As reported                                                                          $328,327             $299,006             9.8

                 Pre-tax adjustments:

                   Catastrophic events                                                               (8,149)               (450)

                   Gain (loss) on real estate and dealership
                    transactions                                                                       (798)               1,176

                   Legal settlements                                                                   (720)                   -

                   Foreign transaction tax                                                                 -               (274)

                  Adjusted SG&A(1)                                                                  $318,660             $299,458             6.4


    TOTAL GROSS MARGIN %:

               Unadjusted                                                                               14.3                 14.4

               Adjusted (1)                                                                             14.5                 14.4

    FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                             $1,343               $1,383           (2.9)

               Adjusted (1)                                                                           $1,422               $1,383             2.8

    SG&A AS % REVENUES:

               Unadjusted                                                                               10.9                 10.6

               Adjusted (1)                                                                             10.6                 10.6

    SG&A AS % GROSS PROFIT:

               Unadjusted                                                                               76.1                 73.5

               Adjusted (1)                                                                             72.8                 73.6

    OPERATING MARGIN %

               Unadjusted                                                                                2.6                  3.0

               Adjusted (1), (2)                                                                         3.5                  3.3

    PRETAX MARGIN %:

               Unadjusted                                                                                1.6                  2.0

               Adjusted (1), (2)                                                                         2.4                  2.3


    SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                          $106,839             $106,914           (0.1)

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Finance, insurance and other revenue,
                   net (1)                                                                          $113,389             $106,914             6.1


    SAME STORE TOTAL REVENUES RECONCILIATION:

               As reported                                                                        $2,868,029           $2,781,492             3.1

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Revenues (1)                                                     $2,874,579           $2,781,492             3.3


    SAME STORE TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                          $414,979             $401,059             3.5

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Gross Profit (1)                                                   $421,529             $401,059             5.1


    SAME STORE SG&A RECONCILIATION:

               As reported                                                                          $313,146             $293,749             6.6

                 Pre-tax adjustments:

                   Catastrophic events                                                               (8,149)               (450)

                   Loss on real estate and dealership transactions                                     (798)                   -

                   Legal settlements                                                                   (720)                   -

                   Foreign transaction tax                                                                 -               (274)

                  Adjusted Same Store SG&A (1)                                                      $303,479             $293,025             3.6


    SAME STORE TOTAL GROSS MARGIN %:

               Unadjusted                                                                               14.5                 14.4

               Adjusted (1)                                                                             14.7                 14.4

    SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                             $1,372               $1,390           (1.3)

               Adjusted (1)                                                                           $1,456               $1,390             4.7

    SAME STORE SG&A AS % REVENUES:

               Unadjusted                                                                               10.9                 10.6

               Adjusted (1)                                                                             10.6                 10.5

    SAME STORE SG&A AS % GROSS PROFIT:

               Unadjusted                                                                               75.5                 73.2

               Adjusted (1)                                                                             72.0                 73.1

    SAME STORE OPERATING MARGIN %

               Unadjusted                                                                                2.7                  3.0

               Adjusted (1), (3)                                                                         3.6                  3.4


                                                                           Nine Months Ended September 30,
                                                                           -------------------------------

                                                                                                      2017                 2016    % Increase/

                                                                                                                                  (Decrease)
                                                                                                                                   ---------

    NET INCOME RECONCILIATION:

               As reported                                                                          $102,953             $116,237          (11.4)

               Adjustments:

                   Catastrophic events

                   Pre-tax                                                                            15,341                5,873

                   Tax impact                                                                        (5,926)             (2,207)

                   (Gain) loss on real estate and dealership
                    transactions

                   Pre-tax                                                                               798              (1,000)

                   Tax impact                                                                          (301)                 672

                   Acquisition costs                                                                       -                   -

                   Pre-tax                                                                               288                  591

                   Tax impact                                                                              -                (11)

                     Legal Settlements (4)                                                                 -                   -

                   Pre-tax                                                                           (1,113)                   -

                   Tax impact                                                                            426                    -

                   Foreign transaction tax                                                                 -                   -

                   Pre-tax                                                                                 -                 274

                   Tax impact                                                                              -                   -

                   Non-cash asset impairment                                                               -                   -

                   Pre-tax                                                                             9,526               12,327

                   Tax impact                                                                        (3,579)             (4,634)

                   Allowance for uncertain tax positions                                                   -                   -

                   Pre-tax                                                                                 -                   -

                   Tax impact                                                                            834                    -

                   Foreign deferred income tax benefit                                                     -                   -

                   Pre-tax                                                                                 -                   -

                   Tax impact                                                                              -             (1,686)

                  Adjusted net income (1)                                                           $119,247             $126,436           (5.7)


    ADJUSTED NET INCOME ATTRIBUTABLE TO DILUTED

               COMMON SHARES RECONCILIATION:

               Adjusted net income (1)                                                              $119,247             $126,436           (5.7)

                Less: Adjusted earnings allocated to
                participating securities                                                               4,248                5,061          (16.1)

                Adjusted net income available to diluted common
                shares (1)                                                                          $114,999             $121,375           (5.3)


     DILUTED INCOME PER COMMON SHARE RECONCILIATION:

               As reported                                                                             $4.85                $5.22           (7.1)

                 After-tax adjustments:                                                                    -                   -

                   Catastrophic events                                                                  0.44                 0.16

                   (Gain) loss on real estate and dealership
                    transactions                                                                        0.03               (0.01)

                   Acquisition costs including related tax impact                                       0.02                 0.02

                   Legal settlements                                                                  (0.03)                   -

                   Foreign transaction tax                                                                 -                0.01

                   Non-cash asset impairment                                                            0.27                 0.35

                   Allowance for uncertain tax positions                                                0.04                    -

                   Foreign deferred income tax benefit                                                     -              (0.07)

                  Adjusted diluted income per share (1)                                                $5.62                $5.68           (1.1)


    FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                          $314,297             $316,419           (0.7)

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Finance, insurance and other revenue,
                   net (1)                                                                          $320,487             $316,419             1.4


    TOTAL REVENUES RECONCILIATION:

               As reported                                                                        $8,203,316           $8,213,980           (0.1)

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Revenues (1)                                                     $8,209,866           $8,213,980           (0.1)


    TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                        $1,219,834           $1,205,888             1.2

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Gross Profit (1)                                                 $1,226,384           $1,205,888             1.7


    SG&A RECONCILIATION:

               As reported                                                                          $916,674             $891,692             2.8

                 Pre-tax adjustments:

                   Catastrophic events                                                               (8,792)             (5,873)

                   Gain (loss) on real estate and dealership
                    transactions                                                                       (798)               1,485

                   Acquisition costs                                                                   (288)               (591)

                   Legal settlements                                                                   1,113                    -

                   Foreign transaction tax                                                                 -               (274)

                  Adjusted SG&A (1)                                                                 $907,909             $886,439             2.4


    TOTAL GROSS MARGIN %:

               Unadjusted                                                                               14.9                 14.7

               Adjusted (1)                                                                             14.9                 14.7

    FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                             $1,394               $1,383             0.8

               Adjusted (1)                                                                           $1,423               $1,383             2.9

    SG&A AS % REVENUES:

               Unadjusted                                                                               11.2                 10.9

               Adjusted (1)                                                                             11.1                 10.8

    SG&A AS % OF GROSS PROFIT:

               Unadjusted                                                                               75.1                 73.9

               Adjusted (1)                                                                             74.0                 73.5

    OPERATING MARGIN %:

               Unadjusted                                                                                3.1                  3.2

               Adjusted (1), (2)                                                                         3.4                  3.4

    PRETAX MARGIN %:

               Unadjusted                                                                                2.0                  2.2

               Adjusted (1), (2)                                                                         2.3                  2.4


    SAME STORE FINANCE, INSURANCE AND OTHER REVENUE, NET RECONCILIATION:

               As reported                                                                          $306,875             $310,435           (1.1)

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Finance, insurance and other revenue,
                   net (1)                                                                          $313,425             $310,435             1.0


    SAME STORE TOTAL REVENUES RECONCILIATION:

               As reported                                                                        $7,950,296           $8,048,071           (1.2)

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Revenues (1)                                                     $7,956,846           $8,048,071           (1.1)


    SAME STORE TOTAL GROSS PROFIT RECONCILIATION:

               As reported                                                                        $1,190,186           $1,184,186             0.5

                 Pre-tax adjustments:

                   Catastrophic events                                                                 6,550                    -

                  Adjusted Total Gross Profit (1)                                                 $1,196,736           $1,184,186             1.1


    SAME STORE SG&A RECONCILIATION:

               As reported                                                                          $885,579             $866,513             2.2

                 Pre-tax adjustments:

                   Catastrophic events                                                               (8,792)             (5,873)

                   Loss on real estate and dealership transactions                                     (798)               (384)

                   Acquisition costs                                                                   (288)               (591)

                   Legal settlements                                                                   1,113                    -

                   Foreign transaction tax                                                                 -               (274)

                  Adjusted Same Store SG&A (1)                                                      $876,814             $859,391             2.0


    SAME STORE TOTAL GROSS MARGIN %:

               Unadjusted                                                                               15.0                 14.7

               Adjusted (1)                                                                             15.0                 14.7

    SAME STORE FINANCE, INSURANCE AND OTHER, NET (PER RETAIL UNIT):

               Unadjusted                                                                             $1,415               $1,395             1.4

               Adjusted (1)                                                                           $1,445               $1,395             3.6

    SAME STORE SG&A AS % REVENUES:

               Unadjusted                                                                               11.1                 10.8

               Adjusted (1)                                                                             11.0                 10.7

    SAME STORE SG&A AS % GROSS PROFIT:

               Unadjusted                                                                               74.4                 73.2

               Adjusted (1)                                                                             73.3                 72.6

    SAME STORE OPERATING MARGIN %

               Unadjusted                                                                                3.2                  3.3

               Adjusted (1), (3)                                                                         3.5                  3.6


             (1)    See the section of
                     this release
                     entitled "Non-
                     GAAP Financial
                     Measures " for
                     information
                     regarding non-
                     GAAP financial
                     measures and
                     certain selected
                     items that the
                     Company believes
                     impact
                     comparability of
                     financial results
                     between reporting
                     periods.

             (2)    Excludes the impact
                     of SG&A
                     reconciling items
                     above, as well as
                     non-cash asset
                     impairment charges
                     of $9,526 for the
                     three and nine
                     months ended
                     September 30,
                     2017,
                     respectively, and
                     $10,855 and
                     $12,812 for the
                     three and nine
                     months ended
                     September 30,
                     2016,
                     respectively.

             (3)    Excludes the impact
                     of Same Store SG&A
                     reconciling items
                     above, as well as
                     non-cash asset
                     impairment charges
                     of $9,526 for the
                     three and nine
                     months ended
                     September 30,
                     2017,
                     respectively, and
                     $10,794 and
                     $12,327 for the
                     three and nine
                     months ended
                     September 30,
                     2016,
                     respectively.

             (4)    For the nine months
                     ended September
                     30, 2017, the
                     Company recognized
                     a net pre-tax
                     gain related to a
                     settlement with an
                     OEM of $1.8
                     million.

View original content:http://www.prnewswire.com/news-releases/group-1-automotive-reports-third-quarter-2017-financial-results-300543834.html

SOURCE Group 1 Automotive, Inc.