Group1 Automotive Acquires Two Dealerships
July 9, 2019—Group1 Automotive expanded into the New Mexico market with the acquisition of two BMW, MINI dealerships.
The dealerships are located in Albuquerque and Santa Fe, and represent the only BMW and MINI franchises in the state of New Mexico. Also included in the acquisition are BMW Motorrad franchises in Albuquerque and Santa Fe, making Group1 the exclusive seller of BMW Motorcycles in New Mexico.
The dealerships are expected to generate approximately $100 million in annualized revenue.
The acquisition expands Group 1's total representation in New Mexico to seven automotive franchise operations among the Jaguar, Land Rover, BMW and MINI brands.