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Lexus of Albuquerque Unveils New Multi-Million Dollar Sales, Service, and Parts Facility

1. Lexus of Albuquerque opens a new, state-of-the-art dealership. 2. The expansion doubles service bays to enhance customer service. 3. Group 1 Automotive continues to expand its footprint across the U.S. 4. The dealership features EV chargers and modern amenities. 5. A $10,000 donation is made to a youth organization.

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FAQ

Why Bullish?

The dealership expansion indicates strong growth potential and improved customer service. Historically, such upgrades correlate with increased sales and positive investor sentiment.

How important is it?

The expansion reflects Group 1's growth strategy and commitment to customer experience, likely positively impacting investor perceptions.

Why Short Term?

Immediate improvements in service capacity can lead to higher customer satisfaction and sales in the upcoming quarters. Similar renovations have previously resulted in prompt sales increases.

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Expansion Expected to Shorten Service Times and Enhance the Lexus Guest Experience , /PRNewswire/ -- Following a 20-month, multi-million dollar renovation including ground-up construction, Lexus of Albuquerque will officially unveil its new, state-of-the-art dealership next Tuesday. Grand reopening activities, featuring food, drink, and entertainment—not to mention the newest Lexus models—will take place from 6-8 pm, Tuesday, July 29 at the new dealership, located at 4821 Pan American Fwy. in Albuquerque. Lexus of Albuquerque is part of Houston-based Group 1 Automotive, Inc. (NYSE: GPI), one of the country's largest owners of automotive dealerships, franchises, and collision centers. "From the moment guests drive up, they're surrounded by a sleek and modern dealership with the amenities that Lexus owners expect and deserve," said Mont Porter, General Manager of Lexus of Albuquerque. "Everything from new speed doors that open up to an air-conditioned service drive-up, to solar-powered lot lighting, the addition of EV chargers, and new landscaping, we've focused on creating a premium customer experience, and we invite our guests to come see it for themselves." The previous dealership facility, which was 25 years old, no longer met the needs of customers and Lexus team members, according to Porter. The new dealership includes a new car wash, double the number of service bays from 16 to 32, and space to hire more service technicians, which Porter said he plans to expand to 30 from its current 21.  The new showroom, decorated with Albuquerque city themes and southwestern colors, can accommodate 22 salespeople and more cars. In total, more than 17,000 square feet of space has been added for parts and service, including relocating the parts department cashier to the front waiting area for added guest convenience. The new showroom also includes an upscale customer waiting area with complimentary drinks, snacks, and wi-fi. In Group 1's tradition of giving back, Lexus of Albuquerque is making a $10,000 donation to Girls on the Run, a national 501(c)(3) nonprofit organization that believes physical activity-based positive youth development programs can enhance girls' social, emotional, and physical skills and behaviors to navigate life experiences successfully. About Group 1 Automotive, Inc. Group 1 owns and operates 258 automotive dealerships, 322 franchises, and 39 collision centers in the United States and the United Kingdom that offer 36 brands of automobiles. Through its dealerships and omni-channel platform, 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. Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto. Media Contact: Kimberly BartaHead of Marketing and CommunicationsGroup 1 Automotive, Inc.503-539-0756[email protected] SOURCE Group 1 Automotive, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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