<SEC-DOCUMENT>0001299933-14-001424.txt : 20140915
<SEC-HEADER>0001299933-14-001424.hdr.sgml : 20140915
<ACCEPTANCE-DATETIME>20140915172915
ACCESSION NUMBER:		0001299933-14-001424
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140915
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140915
DATE AS OF CHANGE:		20140915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GROUP 1 AUTOMOTIVE INC
		CENTRAL INDEX KEY:			0001031203
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				760506313
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13461
		FILM NUMBER:		141104004

	BUSINESS ADDRESS:	
		STREET 1:		800 GESSNER
		STREET 2:		SUITE 500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
		BUSINESS PHONE:		713-647-5700

	MAIL ADDRESS:	
		STREET 1:		800 GESSNER
		STREET 2:		SUITE 500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77024
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_50488.htm
<DESCRIPTION>LIVE FILING
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<TITLE> Group 1 Automotive, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	September 15, 2014
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	Group 1 Automotive, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	1-13461
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	76-0506313
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	800 Gessner, Suite 500, Houston, Texas
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	&nbsp;
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	77024
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	713-647-5700
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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<FONT SIZE="2">
	&nbsp;
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<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<B>
	Item 8.01 Other Events.
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On September 15, 2014, Group 1 Automotive, Inc., a Delaware corporation (the "Company"), announced that it has disposed of its Mercedes-Benz of Massapequa and Hassel BMW MINI dealerships located on Long Island in New York.<br><br>In addition, the Company announced the acquisition of a Mercedes-Benz dealership in Campo Grande, Brazil.<br><br>A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.<br>
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	Item 9.01 Financial Statements and Exhibits.
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99.1  Press Release of Group 1 Automotive, Inc. dated as of September 15, 2014.
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<B>
	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Group 1 Automotive, Inc.
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<I>
	September 15, 2014
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<I>
	By:
</I>
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	&nbsp;
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<I>
	/s/Darryl M. Burman
</I>
<BR>
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<I>
	Name: Darryl M. Burman
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	Title: Vice President
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	Exhibit&nbsp;Index
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	Exhibit No.
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	99.1
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Press Release of Group 1 Automotive, Inc. dated as of September 15, 2014.
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<TYPE>EX-99.1
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<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 11pt">Exhibit&nbsp;99.1</FONT>



<P align="left" style="font-size: 11pt"><FONT style="font-size: 16pt"><img src="e40375-142581045157832ca4_1.jpg">
</FONT>

<P align="left" style="font-size: 16pt"><FONT style="font-size: 11pt"><I>FOR IMMEDIATE RELEASE</I>
</FONT>

<P align="left" style="font-size: 11pt"><FONT style="font-size: 14pt"><B>Group 1 Automotive Disposes of 2 Dealerships on Long Island, NY</B>
</FONT>

<P align="left" style="font-size: 14pt"><FONT style="font-size: 11pt"><B>Enters Mercedes-Benz Network in Brazil</B>
</FONT>

<P align="left" style="font-size: 11pt"><B>HOUSTON, September&nbsp;15, 2014 &#151; </B><U><B>Group 1 Automotive, Inc.</B></U> (<B>NYSE: GPI</B>), an international,
Fortune 500 automotive retailer, today announced the disposition of Hassel BMW MINI and
Mercedes-Benz of Massapequa located on Long Island in New York. The Company, in addition to the
dealerships, also disposed of owned real estate associated with both dealerships.&nbsp;In total, the
dealerships generated approximately $260&nbsp;million in trailing-twelve-month revenues. The disposals
are consistent with Group 1&#146;s strategy of portfolio management and disciplined capital expenditure
management.


<P align="left" style="font-size: 11pt">&#147;We continually evaluate our portfolio of dealerships relative to required future capital
expenditures and current levels of return on investment,&#148; said Earl J. Hesterberg, Group 1&#146;s
president and chief executive officer. &#147;Based on that type of analysis we have decided to dispose
of these dealerships and redeploy the capital to operations offering a higher future rate of return
for our shareholders.&#148;


<P align="left" style="font-size: 11pt">Additionally, the Company announced the acquisition of a Mercedes-Benz dealership in Campo Grande,
which is the capital of the Brazilian state of Mato Grosso do Sul. This dealership, which will
operate as Mercedes-Benz of Campo Grande, is the sole Mercedes-Benz dealership in the area. The
store is in the process of relocating with a target to begin normal operations at the new location
in approximately 90&nbsp;days.


<P align="left" style="font-size: 11pt">&#147;We are excited to join the Mercedes-Benz dealership network in Brazil. We believe that the brand
has a great long term future in the Brazilian market,&#148; added Mr.&nbsp;Hesterberg.


<P align="left" style="font-size: 11pt"><B>About Group 1 Automotive, Inc.</B>
<BR>
Group 1 owns and operates 151 <U>automotive dealerships</U>, 193 franchises, and 37 <U>collision
centers</U> in the United States, the United Kingdom and Brazil that offer 34 brands of
automobiles. Through its dealerships, the Company sells new and used cars and light trucks;
arranges related vehicle financing; sells service and insurance contracts; provides automotive
maintenance and repair services; and sells vehicle parts.


<P align="left" style="font-size: 11pt"><B>Group 1 Automotive can be reached on the Internet at </B><U><B>www.group1auto.com</B></U><B>.</B>
<BR>
This press release contains &#147;forward-looking statements&#148; 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 &#147;expects,&#148; &#147;anticipates,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;believes,&#148; &#147;seeks,&#148;
&#147;should,&#148; &#147;foresee,&#148; &#147;may&#148; or &#147;will&#148; 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)&nbsp;general economic and business conditions, (b)&nbsp;the level of
manufacturer incentives, (c)&nbsp;the future regulatory environment, (d)&nbsp;our ability to obtain an
inventory of desirable new and used vehicles, (e)&nbsp;our relationship with our automobile
manufacturers and the willingness of manufacturers to approve future acquisitions, (f)&nbsp;our cost of
financing and the availability of credit for consumers, (g)&nbsp;our ability to complete acquisitions
and dispositions and the risks associated therewith, (h)&nbsp;foreign exchange controls and currency
fluctuations, and (i)&nbsp;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.


<P align="left" style="font-size: 11pt">SOURCE: Group 1 Automotive, Inc.


<P align="left" style="font-size: 11pt"><B>Investor contacts:</B>
<BR>
Sheila Roth
<BR>
Manager, Investor Relations
<BR>
Group 1 Automotive, Inc.
<BR>
713-647-5741 | <U>sroth@group1auto.com</U>


<P align="left" style="font-size: 11pt"><B>Media contacts:</B>
<BR>
Pete DeLongchamps
<BR>
V.P. Manufacturer Relations, Financial Services and Public Affairs
<BR>
Group 1 Automotive, Inc.
<BR>
713-647-5770 | <U>pdelongchamps@group1auto.com</U>
<BR>
or
<BR>
Clint Woods
<BR>
Pierpont Communications, Inc.
<BR>
713-627-2223 | <U>cwoods@piercom.com</U>



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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
