Group 1 in the UK has revoked its decision to terminate 10 JLR franchises in the UK following discussions with the carmaker.
The company originally announced that it was going to terminate its 10 JLR businesses but announced today at its third quarter results that it would now retain five.
“The Company reached an agreement with Jaguar Land Rover in the U.K. to revoke its previous election to terminate 10 JLR franchise agreements, which would have been effective as of August 2027.
“As a result, the Company will retain and operate the five remaining JLR dealerships in the U.K. it had previously elected to terminate.”
Group 1 said it it had expanded its U.K. network through an agreement with Geely, opening two of three planned locations to date, with the third expected by December 2026.
Subsequent to the current quarter, the Company agreed with Chinese automaker Chery to open an Omoda & Jaecoo location in the UK, also expected by December 2026.
Year to date, the Company has acquired and integrated three dealership operations in the U.K. with total expected annual revenues of approximately $135 million.
Its UK new vehicle retail units sold for the current quarter were 15,984, a 1.9% increase, compared to 15,687 for the prior-year quarter.
On a same store basis, U.K. new vehicle retail units sold for the current quarter were 15,467, an 8.1% increase, compared to 14,308 for the prior-year quarter.
