"Lexus Dealership Shake-Up: Group 1 Closes Underperforming Stores. In a move aimed at streamlining operations and boosting sales, Group 1 Automotive, one of the largest auto retailers in the US, has closed 143 underperforming dealerships in the first quarter. The decision, which includes the closure of Newport Lexus in Southern California, is a result of a comprehensive analysis of store performance, market trends, and staffing levels. As the auto industry continues to navigate shifting consumer preferences and economic uncertainty, Group 1's restructuring efforts are likely to have significant implications for the dealership landscape and the future of luxury car sales."
Group 1 had 143 U.S. dealerships at the end of the first quarter. including Newport Lexus in Southern California. The auto retailer analyzed stores, markets and head counts to det ...
