Group 1 plans to take more action this year to optimise its business and cut costs.
The US giant said that in October2025, it announced a U.K.-wide restructuring plan consisting of further workforce realignment and strategic closings of certain facilities.
“As a result, the company recognised $8.1m in restructuring charges in the U.K. in the current quarter.
“In 2025, the Company recognized $28.4 million in restructuring charges related to the U.K. restructuring plans.
“The company expects to take additional actions in 2026, to further optimize our operations and reduce costs.
During the current quarter, the Company closed one Toyota, two BMW/MINI and one Volkswagen dealership in the UK.
Group 1 UK saw overall revenues rise 42.8% to $5.9bn with gross profit up 45% to $811m.
Like for like revenues were down 0.1% to $538.6m and gross profits down 1.2% to $845.2m
