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Group 1 Automotive Reports Aftermath of Storm

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Sept. 23, 2019—Group 1 Automotive has completed a preliminary assessment of damages across its southeast Texas dealerships in the aftermath of Tropical Storm Imelda.

Despite significant damage to inventory and some facilities due to extensive flooding in the region, preliminary assessments indicate all facilities are intact and operations are open, though some with limited services. Total financial damages associated with the storm are estimated at approximately $12.5 million to $15.0 million.

Group 1's Houston stores reopened on Sept. 20.

 

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