Group 1's launch of older used-car brand to eat into Q1 earnings

Hesterberg: "The recent peak in the new-vehicle market in both the U.S. and U.K. and the flood of nearly new and off-lease used vehicles into these markets are applying significant pressure to our margins."

March 20, 2018 05:00 AM

Group 1 Automotive Inc. expects a weak first quarter after launching a branded line of high-mileage used vehicles and spending more than expected on employee bonuses, the nation's third-largest dealership group said Tuesday.

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