8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                -----------------


                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



       Date of Report (Date of earliest event reported): NOVEMBER 14, 2002



                            GROUP 1 AUTOMOTIVE, INC.
             (Exact name of registrant as specified in its charter)



             DELAWARE                   001-13461             76-0506313
   (State or other jurisdiction        (Commission         (I.R.S. Employer
         of incorporation)             File Number)       Identification No.)



           950 ECHO LANE, SUITE 100
                HOUSTON, TEXAS                                   77024
   (Address of principal executive offices)                   (Zip code)



       Registrant's telephone number, including area code: (713) 647-5700



ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS


     (c) Exhibits

         99.1     Press Release of Group 1 Automotive, Inc. dated as of November
                  14, 2002, announcing the authorization of an increase of its
                  stock repurchase program.


ITEM 9.  REGULATION FD DISCLOSURE

         On November 14, 2002, the Company issued a press release announcing
authorization by the Board of Directors to increase the Company's common stock
repurchase up to $42.7 million. Subject to market conditions, repurchases may be
effected from time to time through solicited or unsolicited transactions in the
market or in privately negotiated transactions. No limit was placed on the
duration of the repurchase program. Subject to applicable securities laws,
purchase decisions will be made by management of the Company based upon market
conditions and other factors. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.

         In accordance with General Instruction B.2. of Form 8-K, the
information contained in such press releases shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933,
except as shall be expressly set forth by specific reference in such a filing.





                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                    Group 1 Automotive, Inc.



    November 14, 2002            By:        /s/Scott L. Thompson
- -------------------------           --------------------------------------------
        Date                         Scott L. Thompson, Executive Vice President
                                        Chief Financial Officer and Treasurer





                                INDEX TO EXHIBITS



Exhibit No.             Description
- -----------             -----------

         
   99.1     Press Release of Group 1 Automotive, Inc. dated as of November 14,
            2002, announcing the authorization of an increase of its stock
            repurchase program.

EX-99.1

                                                                    EXHIBIT 99.1

NEW RELEASE                   GROUP 1 AUTOMOTIVE INC
                              950 Echo Lane, Suite 100 Houston, TX 77024

                                                                         
- -----------------------------------------------------------------------------------------------
AT GROUP 1:            Chairman, President and CEO     B.B. Hollingsworth, Jr.   (713) 647-5700

                       EVP, CFO and Treasurer          Scott L. Thompson         (713) 647-5700

                       Manager, Investor Relations     Kim Paper                 (713) 647-5700

AT Fleishman-Hillard:  Investor Relations/Media        Russell A. Johnson        (713) 513-9515




FOR IMMEDIATE RELEASE
THURSDAY, NOVEMBER 14, 2002


            GROUP 1 AUTOMOTIVE AUTHORIZES ADDITIONAL SHARE REPURCHASE

HOUSTON, NOVEMBER 14, 2002--GROUP 1 AUTOMOTIVE, INC. (NYSE: GPI), a Fortune 500
specialty retailer, announced today that its Board of Directors has increased
the Company's authorization to repurchase its common stock to $42.7 million. The
Company has purchased 724,000 shares since the current stock repurchase program
began on Aug. 8, 2002, leaving $25 million available for future share
repurchases. Purchases may be made from time to time, in accordance with
applicable securities laws, in the open market or in privately negotiated
transactions. Total shares outstanding at Sept. 30, 2002 were 22.7 million.

"We believe that the current valuation of the Company's common stock continues
to represent an opportunity to enhance shareholder value through stock
repurchases," said B.B. Hollingsworth Jr., Group 1's chairman, president and
chief executive officer. "Group 1 will remain prudent in its capital management,
taking advantage of opportunities as they present themselves."

The decision to repurchase any or all such authorized shares will be determined
by management's assessment of market conditions. Repurchases may be suspended or
discontinued at any time and are subject to various debt agreements.


ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns 73 automotive dealerships comprised of 110 franchises, 29 different
brands, and 24 collision service centers located in California, Colorado,
Florida, Georgia, Louisiana, Massachusetts, New Mexico, Oklahoma and Texas.
Through its dealerships and Internet sites, the Company sells new and used cars
and light trucks; arranges related financing, vehicle service and insurance
contracts; provides maintenance and repair services; and sells replacement
parts.

     GROUP 1 AUTOMOTIVE CAN BE REACHED ON THE INTERNET AT www.group1auto.com

This press release contains "forward-looking statements" within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934. These
statements include statements regarding our plans, goals, beliefs or current
expectations, including those plans, goals, beliefs and expectations of our
officers and directors with respect to, among other things, future stock
repurchases.

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GROUP 1 AUTOMOTIVE INC
ADD -1-


Any such forward-looking statements are not assurances of future performance and
involve risks and uncertainties. Actual results may differ materially from
anticipated results in the forward-looking statements for a number of reasons,
including, available capital resources and various debt agreements may limit our
ability to repurchase shares. Any repurchases of our stock may be made, from
time to time, in accordance with applicable securities laws, in the open market
or in privately negotiated transactions at such time and in such amounts, as we
consider appropriate.

This information and additional factors that could affect our operating results
and performance are described in our Form 10-K for the year ended December 31,
2001.

All forward-looking statements attributable to us are qualified in their
entirety by this cautionary statement.




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