Exhibit 99.1

FOR IMMEDIATE RELEASE

Group 1 Automotive Reports 2013 Third Quarter Financial Results

Board Increases Share Repurchase Authorization by 50 Percent

HOUSTON, October 24, 2013 - Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today reported 2013 third quarter adjusted net income of $32.9 million and diluted earnings per common share of $1.20 for the period ended September 30, 2013. Adjusted net income increased 4.9 percent from the comparable, adjusted prior-year period.

Year-to-date 2013 adjusted net income increased 20.9 percent. Adjusted diluted earnings per common share were $3.88.

“Group 1 Automotive continued to demonstrate strong top line growth of over 18 percent in the third quarter. However, margin pressures in the U.S. market and economic pressures in the Brazilian market limited our adjusted earnings growth to 5 percent. We are actively pursuing cost reduction opportunities to address both of these issues,” said Earl J. Hesterberg, Group 1’s president and chief executive officer. “We continue to see excellent growth prospects for the U.S. auto industry in the year ahead.”

Consolidated Results for Third Quarter2013(year-over-year comparable basis)

▪ Total revenue increased 18.4 percent to $2.3 billion.

▪ New vehicle revenues increased 21.5 percent on 22.5 percent higher unit sales. New vehicle gross profit increased 10.1 percent to $73.3 million as lower margins, down $195 per unit, partially offset the revenue growth.

▪ U.K. same store revenue increased 14.4 percent driven by 17.8 percent growth in new vehicle unit sales.

▪ Retail used vehicle revenues increased 14.6 percent on increased unit sales of 16.2 percent. Gross profit improved 9.9 percent to $41.5 million as lower margins, down $90 per unit, partially offset the revenue growth.

▪ Parts and service gross profit increased 13.2 percent on revenue growth of 13.5 percent. Same store parts and service revenue increased 8.0 percent.

▪ Same store Finance and Insurance gross profit per retail unit increased 7.1 percent to $1,338 per unit.

▪ SG&A expenses (adjusted) as a percent of gross profit increased 90 basis points, to 75.1 percent, as lower new and used vehicle margins negatively impacted leverage.

▪ Fully diluted common shares outstanding averaged 26.3 million shares, up 1.4 million from the Second Quarter, with the increase primarily explained by the dilutive effect of higher share prices on share count derived from the Company’s outstanding convertible securities.

Segment Results for Third Quarter 2013 (year-over-year comparable basis)

▪ United States:

Group 1’s U.S. revenues were $1.9 billion, an increase of 4.1 percent. The revenue growth was primarily explained by unit sales increases of 2.8 percent in new vehicles and 5.3 percent in retail used vehicles, as well as an increase of 3.3 percent in parts and service revenue. The revenue drove gross profit growth of 3.2 percent, reflecting the higher new and used retail volumes, expanded parts and service margins of 60 basis points, and an F&I increase of 13.3 percent, or $115, to $1,375 per retail unit. As the Company has rebalanced its U.S. dealership portfolio over the past 12 months and disposed of a net of 5 franchises representing annualized revenues of approximately $154.0 million (excluding the Honda franchise acquired in Tulsa, Oklahoma on September 30, 2013), consolidated results are not fully reflective of underlying same store performance in the U.S.

On a comparable basis, SG&A expenses as a percent of gross profit remained flat at 74.0 percent, operating margin was 3.4 percent and pretax margin was 2.5 percent. Group 1’s U.S. operations accounted for 80.7 percent of total revenues, 85.1 percent of total gross profit and 90.0 percent of the Company’s adjusted pretax income.

▪ United Kingdom:

Group 1’s U.K. operations accounted for 10.0 percent of total revenues, 7.7 percent of total gross profit, and 8.6 percent of the Company’s adjusted pretax income. Reflecting significant acquisition activity over the past year, total revenue increased 44.7 percent to $234.9 million, and gross profit increased 29.7 percent. Revenue growth was primarily driven by 67.5 percent and 86.1 percent increases in new and used vehicle retail unit sales, respectively.

On a comparable basis, SG&A expenses as a percent of gross profit increased 20 basis points to 77.0 percent.

▪ Brazil:

Group 1’s Brazil operations accounted for 9.2 percent of total revenues, 7.9 percent of total gross profit and 1.4 percent of the Company’s adjusted pretax income. Gross profit was $23.7 million on revenues of $215.9 million. New vehicle sales were the primary revenue contributor at 73.5 percent, while new vehicles and parts and service were the primary gross profit contributors at 48.0 percent and 33.8 percent, respectively.

SG&A expenses as a percent of gross profit was at 85.6 percent, operating margin was 1.4 percent and pretax margin was 0.3 percent.

Corporate Development

On September 30, 2013, Group 1 purchased a Honda franchise in Tulsa, Oklahoma that is estimated to generate $60.0 million in annual revenues.

Year to date, Group 1 has disposed of 7 franchises that generated $318.9 million of annual revenues and acquired 29 franchises worldwide that are expected to generate approximately $967.0 million in annual revenues.

Share Repurchase Authorization

Group 1’s board of directors increased the Company’s common stock share repurchase authorization by 50 percent, to $75.0 million. Purchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations, in the open market or in privately negotiated transactions.

The Company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.

Third Quarter Earnings Conference Call Details

Group 1’s senior management will host a conference call today at 10 a.m. ET to discuss the third quarter financial results and the Company’s outlook and strategy.

The conference call will be simulcast live on the Internet at www.group1auto.com, then click on 'Investor Relations' and then 'Events' or through this link: http://www.group1corp.com/news/events.aspx. A webcast replay will be available for 30 days.

The conference call will also be available live by dialing in 10 minutes prior to the start of the call at:

Domestic: 1-877-300-8521

International: 1-412-317-6026

Conference ID: 10035201

A telephonic replay will be available following the call through October 30, 2013 at 11:59 p.m. ET by dialing:

Domestic: 1-877-870-5176

International: 1-858-384-5517

Replay Pin:10035201

About Group 1 Automotive, Inc.

Group 1 owns and operates 141 automotive dealerships, 179 franchises, and 35 collision centers in the United States, the United Kingdom and Brazil that offer 33 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing, service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle 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 Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should,” “foresee,” “may” or “will” and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of manufacturer incentives, (c) the future regulatory environment, (d) our ability to obtain an inventory of desirable new and used vehicles, (e) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (f) our cost of financing and the availability of credit for consumers, (g) our ability to complete acquisitions and dispositions and the risks associated therewith, (h) foreign exchange controls and currency fluctuations, and (i) our ability to retain key personnel. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

SOURCE: Group 1 Automotive, Inc.

Investor contacts:

Sheila Roth

Manager, Investor Relations

Group 1 Automotive, Inc.

713-647-5741 | sroth@group1auto.com

Media contacts:

Pete DeLongchamps

V.P. Manufacturer Relations and Public Affairs

Group 1 Automotive Inc.

713-647-5770 | pdelongchamps@group1auto.com

or

Clint Woods

Pierpont Communications, Inc.

713-627-2223 | cwoods@piercom.com

Group 1 Automotive, Inc.
Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)
	Three Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	1,386,667		$	1,141,286		21.5
Used vehicle retail sales	529,828			462,395			14.6
Used vehicle wholesale sales	85,800			78,424			9.4
Parts and service	255,316			224,990			13.5
Finance and insurance	82,536			69,477			18.8
Total revenues	2,340,147			1,976,572			18.4
COST OF SALES:
New vehicle retail sales	1,313,372			1,074,736			22.2
Used vehicle retail sales	488,346			424,663			15.0
Used vehicle wholesale sales	87,334			79,067			10.5
Parts and service	121,633			106,875			13.8
Total cost of sales	2,010,685			1,685,341			19.3
GROSS PROFIT	329,462			291,231			13.1
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	246,863			216,082			14.2
DEPRECIATION AND AMORTIZATION EXPENSE	9,093			8,096			12.3
ASSET IMPAIRMENTS	565			—			100.0
OPERATING INCOME	72,941			67,053			8.8
OTHER EXPENSE:
Floorplan interest expense	(10,690		)	(7,942		)	34.6
Other interest expense, net	(9,971		)	(9,619		)	3.7
INCOME BEFORE INCOME TAXES	52,280			49,492			5.6
PROVISION FOR INCOME TAXES	(19,515		)	(18,157		)	7.5
NET INCOME	$	32,765		$	31,335		4.6
Earnings allocated to participating securities	$	(1,320	)	$	(1,641	)	(19.6	)
Earnings available to diluted common shares	$	31,445		$	29,694		5.9
DILUTED EARNINGS PER SHARE	$	1.19		$	1.32		(9.8	)
Weighted average dilutive common shares outstanding	26,342			22,458			17.3
Weighted average participating securities	1,100			1,245			(11.6	)
Total weighted average shares outstanding	27,442			23,703			15.8

	Nine Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	3,873,121		$	3,134,591		23.6
Used vehicle retail sales	1,536,031			1,333,603			15.2
Used vehicle wholesale sales	243,667			218,415			11.6
Parts and service	753,776			658,404			14.5
Finance and insurance	232,494			192,130			21.0
Total revenues	6,639,089			5,537,143			19.9
COST OF SALES:
New vehicle retail sales	3,656,825			2,951,379			23.9
Used vehicle retail sales	1,410,768			1,220,628			15.6
Used vehicle wholesale sales	242,267			216,031			12.1
Parts and service	358,004			312,106			14.7
Total cost of sales	5,667,864			4,700,144			20.6
GROSS PROFIT	971,225			836,999			16.0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	731,455			629,521			16.2
DEPRECIATION AND AMORTIZATION EXPENSE	26,390			23,074			14.4
ASSET IMPAIRMENTS	1,174			288			307.6
OPERATING INCOME	212,206			184,116			15.3
OTHER EXPENSE:
Floorplan interest expense	(30,927		)	(23,424		)	32.0
Other interest expense, net	(28,783		)	(27,849		)	3.4
Other expense, net	(789		)	—			100.0
INCOME BEFORE INCOME TAXES	151,707			132,843			14.2
PROVISION FOR INCOME TAXES	(59,436		)	(49,766		)	19.4
NET INCOME	$	92,271		$	83,077		11.1
Earnings allocated to participating securities	$	(3,843	)	$	(4,373	)	(12.1	)
Earnings available to diluted common shares	$	88,428		$	78,704		12.4
DILUTED EARNINGS PER SHARE	$	3.52		$	3.50		0.6
Weighted average dilutive common shares outstanding	25,153			22,501			11.8
Weighted average participating securities	1,095			1,257			(12.9	)
Total weighted average shares outstanding	26,248			23,758			10.5

Group 1 Automotive, Inc.
Consolidated Balance Sheets
(Dollars in thousands)
	September 30,			December 31,
	2013			2012			% Change
	(Unaudited)
ASSETS:
CURRENT ASSETS:
Cash and cash equivalents	$	26,278		$	4,650		465.1
Contracts in transit and vehicle receivables, net	160,554			204,396			(21.4	)
Accounts and notes receivable, net	123,376			111,228			10.9
Inventories, net	1,351,719			1,194,288			13.2
Deferred income taxes	22,273			19,750			12.8
Prepaid expenses and other current assets	23,775			31,869			(25.4	)
Total current assets	1,707,975			1,566,181			9.1
PROPERTY AND EQUIPMENT, net	716,514			667,768			7.3
GOODWILL AND INTANGIBLE FRANCHISE RIGHTS	969,677			778,442			24.6
OTHER ASSETS	15,742			10,624			48.2
Total assets	$	3,409,908		$	3,023,015		12.8
LIABILITIES AND STOCKHOLDERS' EQUITY:
CURRENT LIABILITIES:
Floorplan notes payable - credit facility and other	$	960,871		$	968,959		(0.8	)
Offset account related to floorplan notes payable - credit facility	(47,709		)	(112,261		)	(57.5	)
Floorplan notes payable - manufacturer affiliates	308,869			211,965			45.7
Current maturities of long-term debt and short-term financing	27,010			31,358			(13.9	)
Accounts payable	201,699			167,439			20.5
Accrued expenses	133,777			128,118			4.4
Total current liabilities	1,584,517			1,395,578			13.5
2.25% CONVERTIBLE SENIOR NOTES (aggregate principal of $182,753 at September 30, 2013 and December 31, 2012)	158,283			152,363			3.9
3.00% CONVERTIBLE SENIOR NOTES (aggregate principal of $115,000 at September 30, 2013 and December 31, 2012)	83,377			80,706			3.3
MORTGAGE FACILITY, net of current maturities	46,046			53,643			(14.2	)
OTHER REAL ESTATE RELATED AND LONG-TERM DEBT, net of current maturities	228,271			232,285			(1.7	)
CAPITAL LEASE OBLIGATIONS RELATED TO REAL ESTATE, net of current maturities	44,450			36,019			23.4
DEFERRED INCOME TAXES	136,664			94,130			45.2
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	29,184			43,089			(32.3	)
OTHER LIABILITIES	46,200			42,413			8.9
COMMITMENTS AND CONTINGENCIES
TEMPORARY EQUITY - REDEEMABLE EQUITY PORTION OF THE 3.00% CONVERTIBLE SENIOR NOTES	29,974			32,505			(7.8	)
STOCKHOLDERS' EQUITY:
Common stock	259			258			0.4
Additional paid-in capital	369,198			332,836			10.9
Retained earnings	758,498			677,864			11.9
Accumulated other comprehensive loss	(46,345		)	(33,057		)	40.2
Treasury stock	(58,668		)	(117,617		)	(50.1	)
Total stockholders' equity	1,022,942			860,284			18.9
Total liabilities and stockholders' equity	$	3,409,908		$	3,023,015		12.8

Group 1 Automotive, Inc.
Additional Information - Consolidated
(Unaudited)
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2013 (%)	2012 (%)	2013 (%)	2012 (%)
NEW VEHICLE UNIT SALES GEOGRAPHIC MIX:
Region	Geographic Market
East	Massachusetts	5.5	9.6	5.9	10.0
	New Jersey	4.1	5.0	4.2	5.0
	Georgia	3.3	3.8	3.6	3.5
	New Hampshire	2.6	2.8	2.4	2.9
	New York	2.4	2.5	2.7	3.0
	Louisiana	2.1	2.1	2.3	2.5
	Mississippi	1.6	1.8	1.6	2.0
	South Carolina	1.5	1.7	1.5	1.8
	Florida	1.3	1.7	1.3	1.2
	Alabama	0.8	0.9	0.8	1.0
	Maryland	0.6	0.6	0.6	0.6
		25.8	32.5	26.9	33.5
West	Texas	32.7	36.2	32.7	36.7
	California	8.7	14.5	10.7	14.5
	Oklahoma	8.0	8.0	7.8	7.8
	Kansas	2.5	1.4	2.5	1.4
		51.9	60.1	53.7	60.4
International	Brazil	12.1	—	10.2	—
	United Kingdom	10.2	7.4	9.2	6.1
		100.0	100.0	100.0	100.0
NEW VEHICLE UNIT SALES BRAND MIX:
Toyota/Scion/Lexus		26.9	30.8	27.0	30.9
Ford/Lincoln		12.3	8.8	11.8	9.2
Honda/Acura		11.6	11.1	12.1	11.2
BMW/MINI		11.1	10.1	10.7	10.7
Nissan/Infiniti		9.8	12.0	10.2	11.9
Volkswagen/Audi/Porsche		6.6	8.3	6.5	6.5
Hyundai/Kia		5.0	3.0	4.7	2.9
Chevrolet/GMC/Buick/Cadillac		4.6	5.5	4.8	5.8
Chrysler/Dodge/Jeep/RAM		3.9	4.3	4.0	4.4
Mercedes Benz/smart/Sprinter		3.8	4.3	4.2	4.6
Other		4.4	1.8	4.0	1.9
		100.0	100.0	100.0	100.0

Group 1 Automotive, Inc.
Additional Information - U.S.
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	1,091,221		$	1,048,894		4.0
Used vehicle retail sales	443,716			423,277			4.8
Used vehicle wholesale sales	59,833			63,337			(5.5	)
Total used	503,549			486,614			3.5
Parts and service	218,880			211,835			3.3
Finance and insurance	75,728			66,843			13.3
Total	$	1,889,378		$	1,814,186		4.1
GROSS MARGIN %:
New vehicle retail sales	5.0			5.7
Used vehicle retail sales	8.1			8.3
Used vehicle wholesale sales	(2.3		)	(1.0		)
Total used	6.9			7.0
Parts and service	52.9			52.3
Finance and insurance	100.0			100.0
Total	14.8			15.0
GROSS PROFIT:
New vehicle retail sales	$	54,086		$	59,662		(9.3	)
Used vehicle retail sales	35,937			34,937			2.9
Used vehicle wholesale sales	(1,373		)	(636		)	115.9
Total used	34,564			34,301			0.8
Parts and service	115,887			110,756			4.6
Finance and insurance	75,728			66,843			13.3
Total	$	280,265		$	271,562		3.2
UNITS SOLD:
Retail new vehicles sold	32,866			31,962			2.8
Retail used vehicles sold	22,206			21,084			5.3
Wholesale used vehicles sold	10,455			10,540			(0.8	)
Total used	32,661			31,624			3.3
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	33,202		$	32,817		1.2
Used vehicle retail	$	19,982		$	20,076		(0.5	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,646		$	1,867		(11.8	)
Used vehicle retail sales	1,618			1,657			(2.4	)
Used vehicle wholesale sales	(131		)	(60		)	118.3
Total used	1,058			1,085			(2.5	)
Finance and insurance (per retail unit)	$	1,375		$	1,260		9.1
OTHER: (1)
SG&A expenses	$	207,494		$	200,980		3.2
SG&A as % revenues	11.0			11.1
SG&A as % gross profit	74.0			74.0
Operating margin %	3.4			3.5
Pretax margin %	2.5			2.5
INTEREST EXPENSE:
Floorplan interest expense	$	(8,087	)	$	(7,613	)	6.2
Floorplan assistance	10,108			9,204			9.8
Net floorplan income	$	2,021		$	1,591		27.0
Other interest expense, net	$	(9,650	)	$	(9,417	)	2.5

	Nine Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	3,132,461		$	2,925,453		7.1
Used vehicle retail sales	1,310,629			1,236,285			6.0
Used vehicle wholesale sales	174,227			183,369			(5.0	)
Total used	1,484,856			1,419,654			4.6
Parts and service	659,318			626,515			5.2
Finance and insurance	216,184			186,417			16.0
Total	$	5,492,819		$	5,158,039		6.5
GROSS MARGIN %:
New vehicle retail sales	5.2			5.7
Used vehicle retail sales	8.5			8.6
Used vehicle wholesale sales	0.6			1.4
Total used	7.6			7.7
Parts and service	53.2			52.5
Finance and insurance	100.0			100.0
Total	15.4			15.4
GROSS PROFIT:
New vehicle retail sales	$	163,994		$	167,762		(2.2	)
Used vehicle retail sales	111,897			106,498			5.1
Used vehicle wholesale sales	1,000			2,578			(61.2	)
Total used	112,897			109,076			3.5
Parts and service	350,608			328,791			6.6
Finance and insurance	216,184			186,417			16.0
Total	$	843,683		$	792,046		6.5
UNITS SOLD:
Retail new vehicles sold	94,233			89,525			5.3
Retail used vehicles sold	65,250			61,742			5.7
Wholesale used vehicles sold	30,052			29,849			0.7
Total used	95,302			91,591			4.1
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	33,242		$	32,677		1.7
Used vehicle retail	$	20,086		$	20,023		0.3
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,740		$	1,874		(7.2	)
Used vehicle retail sales	1,715			1,725			(0.6	)
Used vehicle wholesale sales	33			86			(61.6	)
Total used	1,185			1,191			(0.5	)
Finance and insurance (per retail unit)	$	1,356		$	1,232		10.1
OTHER: (1)
SG&A expenses	$	619,562		$	592,295		4.6
SG&A as % revenues	11.3			11.5
SG&A as % gross profit	73.4			74.8
Operating margin %	3.7			3.5
Pretax margin %	2.7			2.5
INTEREST EXPENSE:
Floorplan interest expense	$	(25,027	)	$	(22,641	)	10.5
Floorplan assistance	28,291			25,276			11.9
Net floorplan income	$	3,264		$	2,635		23.9
Other interest expense, net	$	(27,991	)	$	(27,405	)	2.1

⁽¹⁾ These amounts have been adjusted to exclude the impact of certain items to provide additional information regarding the performance of our operations and improve period-to-period comparability. Refer to our Reconciliation of Certain Non-GAAP Financial Measures for the description of aforementioned adjustments.

Group 1 Automotive, Inc.
Additional Information - U.K.
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	136,740		$	92,392		48.0
Used vehicle retail sales	59,508			39,118			52.1
Used vehicle wholesale sales	16,959			15,087			12.4
Total used	76,467			54,205			41.1
Parts and service	17,470			13,155			32.8
Finance and insurance	4,237			2,634			60.9
Total	$	234,914		$	162,386		44.7
GROSS MARGIN %:
New vehicle retail sales	5.7			7.5
Used vehicle retail sales	6.5			7.1
Used vehicle wholesale sales	(1.3		)	—
Total used	4.8			5.1
Parts and service	56.1			55.9
Finance and insurance	100.0			100.0
Total	10.9			12.1
GROSS PROFIT:
New vehicle retail sales	$	7,848		$	6,888		13.9
Used vehicle retail sales	3,849			2,795			37.7
Used vehicle wholesale sales	(214		)	(7		)	2,957.1
Total used	3,635			2,788			30.4
Parts and service	9,793			7,359			33.1
Finance and insurance	4,237			2,634			60.9
Total	$	25,513		$	19,669		29.7
UNITS SOLD:
Retail new vehicles sold	4,306			2,570			67.5
Retail used vehicles sold	2,510			1,349			86.1
Wholesale used vehicles sold	2,078			1,509			37.7
Total used	4,588			2,858			60.5
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	31,756		$	35,950		(11.7	)
Used vehicle retail	$	23,708		$	28,998		(18.2	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,823		$	2,680		(32.0	)
Used vehicle retail sales	1,533			2,072			(26.0	)
Used vehicle wholesale sales	(103		)	(5		)	1,960.0
Total used	792			976			(18.9	)
Finance and insurance (per retail unit)	$	622		$	672		(7.4	)
OTHER:
SG&A expenses	$	19,656		$	15,102		30.2
SG&A as % revenues	8.4			9.3
SG&A as % gross profit	77.0			76.8
Operating margin %	2.2			2.4
Pretax margin %	1.9			2.1
INTEREST EXPENSE:
Floorplan interest expense	$	(425	)	$	(329	)	29.2
Floorplan assistance	111			—			100.0
Net floorplan expense	$	(314	)	$	(329	)	(4.6	)
Other interest expense, net	$	(293	)	$	(203	)	44.3

	Nine Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	342,038		$	209,138		63.5
Used vehicle retail sales	162,901			97,318			67.4
Used vehicle wholesale sales	48,682			35,046			38.9
Total used	211,583			132,364			59.8
Parts and service	49,265			31,889			54.5
Finance and insurance	10,542			5,713			84.5
Total	$	613,428		$	379,104		61.8
GROSS MARGIN %:
New vehicle retail sales	6.3			7.4
Used vehicle retail sales	6.2			6.7
Used vehicle wholesale sales	(1.5		)	(0.6		)
Total used	4.4			4.7
Parts and service	54.5			54.9
Finance and insurance	100.0			100.0
Total	11.2			11.9
GROSS PROFIT:
New vehicle retail sales	$	21,641		$	15,450		40.1
Used vehicle retail sales	10,117			6,477			56.2
Used vehicle wholesale sales	(743		)	(194		)	283.0
Total used	9,374			6,283			49.2
Parts and service	26,871			17,507			53.5
Finance and insurance	10,542			5,713			84.5
Total	$	68,428		$	44,953		52.2
UNITS SOLD:
Retail new vehicles sold	10,738			5,861			83.2
Retail used vehicles sold	6,762			3,444			96.3
Wholesale used vehicles sold	5,772			3,438			67.9
Total used	12,534			6,882			82.1
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	31,853		$	35,683		(10.7	)
Used vehicle retail	$	24,091		$	28,257		(14.7	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	2,015		$	2,636		(23.6	)
Used vehicle retail sales	1,496			1,881			(20.5	)
Used vehicle wholesale sales	(129		)	(56		)	130.4
Total used	748			913			(18.1	)
Finance and insurance (per retail unit)	$	602		$	614		(2.0	)
OTHER: (1)
SG&A expenses	$	54,120		$	35,647		51.8
SG&A as % revenues	8.8			9.4
SG&A as % gross profit	79.1			79.3
Operating margin %	2.0			2.0
Pretax margin %	1.7			1.7
INTEREST EXPENSE:
Floorplan interest expense	$	(1,152	)	$	(784	)	46.9
Floorplan assistance	111			—			100.0
Net floorplan expense	$	(1,041	)	$	(784	)	32.8
Other interest expense, net	$	(800	)	$	(443	)	80.6

⁽¹⁾ These amounts have been adjusted to exclude the impact of certain items to provide additional information regarding the performance of our operations and improve period-to-period comparability. Refer to our Reconciliation of Certain Non-GAAP Financial Measures for the description of aforementioned adjustments.

Group 1 Automotive, Inc.
Additional Information - Brazil
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30, 2013
REVENUES:
New vehicle retail sales		$	158,706
Used vehicle retail sales		26,604
Used vehicle wholesale sales		9,008
Total used		35,612
Parts and service		18,966
Finance and insurance		2,571
Total		$	215,855
GROSS MARGIN %:
New vehicle retail sales		7.2
Used vehicle retail sales		6.4
Used vehicle wholesale sales		0.6
Total used		4.9
Parts and service		42.2
Finance and insurance		100.0
Total		11.0
GROSS PROFIT:
New vehicle retail sales		$	11,361
Used vehicle retail sales		1,696
Used vehicle wholesale sales		53
Total used		1,749
Parts and service		8,003
Finance and insurance		2,571
Total		$	23,684
UNITS SOLD:
Retail new vehicles sold		5,139
Retail used vehicles sold		1,343
Wholesale used vehicles sold		912
Total used		2,255
AVERAGE RETAIL SALES PRICE:
New vehicle retail		$	30,883
Used vehicle retail		$	19,809
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales		$	2,211
Used vehicle retail sales		1,263
Used vehicle wholesale sales		58
Total used		776
Finance and insurance (per retail unit)		$	397
OTHER: (1)
SG&A expenses		$	20,277
SG&A as % revenues		9.4
SG&A as % gross profit		85.6
Operating margin %		1.4
Pretax margin %		0.3
INTEREST EXPENSE:
Floorplan interest expense		$	(2,178	)
Floorplan assistance		—
Net floorplan expense		$	(2,178	)
Other interest expense, net		$	(29	)

	Nine Months Ended
	September 30, 2013 (2)
REVENUES:
New vehicle retail sales	$	398,622
Used vehicle retail sales	62,501
Used vehicle wholesale sales	20,758
Total used	83,259
Parts and service	45,193
Finance and insurance	5,768
Total	$	532,842
GROSS MARGIN %:
New vehicle retail sales	7.7
Used vehicle retail sales	5.2
Used vehicle wholesale sales	5.5
Total used	5.3
Parts and service	40.5
Finance and insurance	100.0
Total	11.1
GROSS PROFIT:
New vehicle retail sales	$	30,661
Used vehicle retail sales	3,249
Used vehicle wholesale sales	1,143
Total used	4,392
Parts and service	18,293
Finance and insurance	5,768
Total	$	59,114
UNITS SOLD:
Retail new vehicles sold	11,967
Retail used vehicles sold	2,919
Wholesale used vehicles sold	2,028
Total used	4,947
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	33,310
Used vehicle retail	$	21,412
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	2,562
Used vehicle retail sales	1,113
Used vehicle wholesale sales	564
Total used	888
Finance and insurance (per retail unit)	$	387
OTHER: (1)
SG&A expenses	$	48,748
SG&A as % revenues	9.1
SG&A as % gross profit	82.5
Operating margin %	1.7
Pretax margin %	0.9
INTEREST EXPENSE:
Floorplan interest expense	$	(4,748	)
Floorplan assistance	—
Net floorplan expense	$	(4,748	)
Other interest income, net	$	7

⁽¹⁾ These amounts have been adjusted to exclude the impact of certain items to provide additional information regarding the performance of our operations and improve period-to-period comparability. Refer to our Reconciliation of Certain Non-GAAP Financial Measures for the description of aforementioned adjustments.

⁽²⁾ Results are for the period from the date of acquisition (February 28, 2013) through September 30, 2013.

Group 1 Automotive, Inc.
Additional Information - Consolidated
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	1,386,667		$	1,141,286		21.5
Used vehicle retail sales	529,828			462,395			14.6
Used vehicle wholesale sales	85,800			78,424			9.4
Total used	615,628			540,819			13.8
Parts and service	255,316			224,990			13.5
Finance and insurance	82,536			69,477			18.8
Total	$	2,340,147		$	1,976,572		18.4
GROSS MARGIN %:
New vehicle retail sales	5.3			5.8
Used vehicle retail sales	7.8			8.2
Used vehicle wholesale sales	(1.8		)	(0.8		)
Total used	6.5			6.9
Parts and service	52.4			52.5
Finance and insurance	100.0			100.0
Total	14.1			14.7
GROSS PROFIT:
New vehicle retail sales	$	73,295		$	66,550		10.1
Used vehicle retail sales	41,482			37,732			9.9
Used vehicle wholesale sales	(1,534		)	(643		)	138.6
Total used	39,948			37,089			7.7
Parts and service	133,683			118,115			13.2
Finance and insurance	82,536			69,477			18.8
Total	$	329,462		$	291,231		13.1
UNITS SOLD:
Retail new vehicles sold	42,311			34,532			22.5
Retail used vehicles sold	26,059			22,433			16.2
Wholesale used vehicles sold	13,445			12,049			11.6
Total used	39,504			34,482			14.6
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	32,773		$	33,050		(0.8	)
Used vehicle retail	$	20,332		$	20,612		(1.4	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,732		$	1,927		(10.1	)
Used vehicle retail sales	1,592			1,682			(5.4	)
Used vehicle wholesale sales	(114		)	(53		)	115.1
Total used	1,011			1,076			(6.0	)
Finance and insurance (per retail unit)	$	1,207		$	1,220		(1.1	)
OTHER: (1)
SG&A expenses	$	247,427		$	216,082		14.5
SG&A as % revenues	10.6			10.9
SG&A as % gross profit	75.1			74.2
Operating margin %	3.1			3.4
Pretax margin %	2.2			2.5
INTEREST EXPENSE:
Floorplan interest expense	$	(10,690	)	$	(7,942	)	34.6
Floorplan assistance	10,219			9,204			11.0
Net floorplan income (expense)	$	(471	)	$	1,262		(137.3	)
Other interest expense, net	$	(9,971	)	$	(9,619	)	3.7

	Nine Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	3,873,121		$	3,134,591		23.6
Used vehicle retail sales	1,536,031			1,333,603			15.2
Used vehicle wholesale sales	243,667			218,415			11.6
Total used	1,779,698			1,552,018			14.7
Parts and service	753,776			658,404			14.5
Finance and insurance	232,494			192,130			21.0
Total	$	6,639,089		$	5,537,143		19.9
GROSS MARGIN %:
New vehicle retail sales	5.6			5.8
Used vehicle retail sales	8.2			8.5
Used vehicle wholesale sales	0.6			1.1
Total used	7.1			7.4
Parts and service	52.5			52.6
Finance and insurance	100.0			100.0
Total	14.6			15.1
GROSS PROFIT:
New vehicle retail sales	$	216,296		$	183,212		18.1
Used vehicle retail sales	125,263			112,975			10.9
Used vehicle wholesale sales	1,400			2,384			(41.3	)
Total used	126,663			115,359			9.8
Parts and service	395,772			346,298			14.3
Finance and insurance	232,494			192,130			21.0
Total	$	971,225		$	836,999		16.0
UNITS SOLD:
Retail new vehicles sold	116,938			95,386			22.6
Retail used vehicles sold	74,931			65,186			14.9
Wholesale used vehicles sold	37,852			33,287			13.7
Total used	112,783			98,473			14.5
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	33,121		$	32,862		0.8
Used vehicle retail	$	20,499		$	20,458		0.2
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,850		$	1,921		(3.7	)
Used vehicle retail sales	1,672			1,733			(3.5	)
Used vehicle wholesale sales	37			72			(48.6	)
Total used	1,123			1,171			(4.1	)
Finance and insurance (per retail unit)	$	1,212		$	1,197		1.3
OTHER: (1)
SG&A expenses	$	722,430		$	627,942		15.0
SG&A as % revenues	10.9			11.3
SG&A as % gross profit	74.4			75.0
Operating margin %	3.3			3.4
Pretax margin %	2.5			2.4
INTEREST EXPENSE:
Floorplan interest expense	$	(30,927	)	$	(23,424	)	32.0
Floorplan assistance	28,402			25,276			12.4
Net floorplan income (expense)	$	(2,525	)	$	1,852		(236.3	)
Other interest expense, net	$	(28,783	)	$	(27,849	)	3.4

⁽¹⁾ These amounts have been adjusted to exclude the impact of certain items to provide additional information regarding the performance of our operations and improve period-to-period comparability. Refer to our Reconciliation of Certain Non-GAAP Financial Measures for a description of the aforementioned adjustments.

Group 1 Automotive, Inc.
Additional Information - Same Store(1)
(Unaudited)
(Dollars in thousands, except per unit amounts)
	Three Months Ended September 30,
	2013			2012			% Change
REVENUES:
New vehicle retail sales	$	1,148,915		$	1,066,782		7.7
Used vehicle retail sales	467,093			438,868			6.4
Used vehicle wholesale sales	70,965			73,767			(3.8	)
Total used	538,058			512,635			5.0
Parts and service	226,981			210,261			8.0
Finance and insurance	75,779			66,200			14.5
Total	$	1,989,733		$	1,855,878		7.2
GROSS MARGIN %:
New vehicle retail sales	5.1			5.9
Used vehicle retail sales	7.8			8.2
Used vehicle wholesale sales	(1.5		)	(0.6		)
Total used	6.6			6.9
Parts and service	53.3			52.5
Finance and insurance	100.0			100.0
Total	14.6			14.8
GROSS PROFIT:
New vehicle retail sales	$	58,652		$	63,355		(7.4	)
Used vehicle retail sales	36,585			35,890			1.9
Used vehicle wholesale sales	(1,059		)	(478		)	121.5
Total used	35,526			35,412			0.3
Parts and service	120,894			110,366			9.5
Finance and insurance	75,779			66,200			14.5
Total	$	290,851		$	275,333		5.6
UNITS SOLD:
Retail new vehicles sold	34,174			31,904			7.1
Retail used vehicles sold	22,478			21,103			6.5
Wholesale used vehicles sold	11,313			11,107			1.9
Total used	33,791			32,210			4.9
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	33,620		$	33,437		0.5
Used vehicle retail	$	20,780		$	20,796		(0.1	)
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,716		$	1,986		(13.6	)
Used vehicle retail sales	1,628			1,701			(4.3	)
Used vehicle wholesale sales	(94		)	(43		)	118.6
Total used	1,051			1,099			(4.4	)
Finance and insurance (per retail unit)	$	1,338		$	1,249		7.1
OTHER: (2)
SG&A expenses	$	214,197		$	201,034		6.5
SG&A as % revenues	10.8			10.8
SG&A as % gross profit	73.6			73.0
Operating margin %	3.4			3.6

	Nine Months Ended September 30,
	2013		2012		% Change
REVENUES:
New vehicle retail sales	$	3,233,449	$	3,003,079	7.7
Used vehicle retail sales	1,354,555		1,285,471		5.4
Used vehicle wholesale sales	201,109		208,297		(3.5	)
Total used	1,555,664		1,493,768		4.1
Parts and service	677,732		631,012		7.4
Finance and insurance	214,889		186,140		15.4
Total	$	5,681,734	$	5,313,999	6.9
GROSS MARGIN %:
New vehicle retail sales	5.3		5.9
Used vehicle retail sales	8.3		8.5
Used vehicle wholesale sales	0.7		1.2
Total used	7.3		7.5
Parts and service	53.2		52.6
Finance and insurance	100.0		100.0
Total	15.2		15.2
GROSS PROFIT:
New vehicle retail sales	$	172,909	$	177,133	(2.4	)
Used vehicle retail sales	112,026		109,286		2.5
Used vehicle wholesale sales	1,357		2,591		(47.6	)
Total used	113,383		111,877		1.3
Parts and service	360,462		331,692		8.7
Finance and insurance	214,889		186,140		15.4
Total	$	861,643	$	806,842	6.8
UNITS SOLD:
Retail new vehicles sold	96,154		90,695		6.0
Retail used vehicles sold	65,254		62,505		4.4
Wholesale used vehicles sold	31,852		31,287		1.8
Total used	97,106		93,792		3.5
AVERAGE RETAIL SALES PRICE:
New vehicle retail	$	33,628	$	33,112	1.6
Used vehicle retail	$	20,758	$	20,566	0.9
GROSS PROFIT PER UNIT SOLD:
New vehicle retail sales	$	1,798	$	1,953	(7.9	)
Used vehicle retail sales	1,717		1,748		(1.8	)
Used vehicle wholesale sales	43		83		(48.2	)
Total used	1,168		1,193		(2.1	)
Finance and insurance (per retail unit)	$	1,331	$	1,215	9.5
OTHER: (2)
SG&A expenses	$	630,048	$	598,533	5.3
SG&A as % revenues	11.1		11.3
SG&A as % gross profit	73.1		74.2
Operating margin %	3.7		3.5

⁽¹⁾Same store amounts include the results for the identical months in each period presented in the comparison, commencing with the first full month we owned the dealership and, in the case of dispositions, ending with the last full month we owned it. Same store results also include the activities of our corporate office.

⁽²⁾These amounts have been adjusted to exclude the impact of certain items to provide additional information regarding the performance of our operations and improve period-to-period comparability. Refer to our Reconciliation of Certain Non-GAAP Financial Measures for a description of the aforementioned adjustments.

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - U.S.
(Unaudited)
(Dollars in thousands, except per share amounts)
		Three Months Ended September 30,
		2013			2012		% Change
SG&A RECONCILIATION:
	As reported	$	206,635		$	200,980	2.8
	Pre-tax adjustments:
	Catastrophic events	(258		)	—
	Net gain on dealership dispositions	1,373			—
	Severance paid	(256		)	—
	Adjusted SG&A (1)	$	207,494		$	200,980	3.2
SG&A AS % REVENUES:
	Unadjusted	10.9			11.1
	Adjusted (1)	11.0			11.1
SG&A AS % GROSS PROFIT:
	Unadjusted	73.7			74.0
	Adjusted (1)	74.0			74.0
OPERATING MARGIN %:
	Unadjusted	3.4			3.5
	Adjusted (1),(2)	3.4			3.5
PRETAX MARGIN %:
	Unadjusted	2.5			2.5
	Adjusted (1),(2)	2.5			2.5

		Nine Months Ended September 30,
		2013			2012			% Change
SG&A RECONCILIATION:
	As reported	$	626,939		$	593,874		5.6
	Pre-tax adjustments:
	Acquisition costs	(5,159		)	—
	Catastrophic events	(12,158		)	(2,650		)
	Net gain on dealership dispositions	10,396			—
	Net gain on real estate transactions	—			1,071
	Severance paid	(256		)	—
	Lease termination	(200		)	—
	Adjusted SG&A (1)	$	619,562		$	592,295		4.6
SG&A AS % REVENUES:
	Unadjusted	11.4			11.5
	Adjusted (1)	11.3			11.5
SG&A AS % GROSS PROFIT:
	Unadjusted	74.3			75.0
	Adjusted (1)	73.4			74.8
OPERATING MARGIN %:
	Unadjusted	3.5			3.4
	Adjusted (1),(2)	3.7			3.5
PRETAX MARGIN %:
	Unadjusted	2.5			2.5
	Adjusted (1),(2)	2.7			2.5
(1)	We have included certain non-GAAP financial measures as defined under SEC rules, which exclude certain items. These adjusted measures are not measures of financial performance under GAAP. As required by SEC rules, we provide reconciliations of these adjusted measures to the most directly comparable GAAP measures. We believe that these adjusted financial measures are relevant and useful to investors because they improve the transparency of our disclosure, provide a meaningful presentation of results from our core business operations and improve period-to-period comparability of our results from our core business operations.
(2)	Excludes the impact of SG&A reconciling items above, as well as non-cash asset impairment charges of $565 and $1,174 for the three and nine months ended September 30, 2013, and $187 for the nine months ended September 30, 2012.

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - U.K.
(Unaudited)
(Dollars in thousands, except per share amounts)
		Nine Months Ended September 30,
		2013			2012		% Change
SG&A RECONCILIATION:
	As reported	$	54,262		$	35,647	52.2
	Pre-tax adjustments:
	Acquisition costs	(142		)	—
	Adjusted SG&A (1)	$	54,120		$	35,647	51.8
SG&A AS % REVENUES:
	Unadjusted	8.8			9.4
	Adjusted (1)	8.8			9.4
SG&A AS % GROSS PROFIT:
	Unadjusted	79.3			79.3
	Adjusted (1)	79.1			79.3
OPERATING MARGIN %:
	Unadjusted	2.0			2.0
	Adjusted (1),(2)	2.0			2.0
PRETAX MARGIN %:
	Unadjusted	1.7			1.7
	Adjusted (1),(2)	1.7			1.7
(1)	We have included certain non-GAAP financial measures as defined under SEC rules, which exclude certain items. These adjusted measures are not measures of financial performance under GAAP. As required by SEC rules, we provide reconciliations of these adjusted measures to the most directly comparable GAAP measures. We believe that these adjusted financial measures are relevant and useful to investors because they improve the transparency of our disclosure, provide a meaningful presentation of results from our core business operations and improve period-to-period comparability of our results from our core business operations.
(2)	Excludes the impact of SG&A reconciling item above.

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - Brazil
(Unaudited)
(Dollars in thousands, except per share amounts)
		Three Months Ended September 30, 2013
SG&A RECONCILIATION:
	As reported	$	20,572
	Pre-tax adjustments:
	Severance paid	(295		)
	Adjusted SG&A (1)	$	20,277
SG&A AS % REVENUES:
	Unadjusted	9.5
	Adjusted (1)	9.4
SG&A AS % GROSS PROFIT:
	Unadjusted	86.9
	Adjusted (1)	85.6
OPERATING MARGIN %
	Unadjusted	1.2
	Adjusted (1),(2)	1.4
PRETAX MARGIN %:
	Unadjusted	0.2
	Adjusted (1),(4)	0.3
		Nine Months Ended September 30, 2013 (3)
SG&A RECONCILIATION:
	As reported	$	50,254
	Pre-tax adjustments:
	Acquisition costs	(1,211		)
	Severance paid	(295		)
	Adjusted SG&A (1)	$	48,748
SG&A AS % REVENUES:
	Unadjusted	9.4
	Adjusted (1)	9.1
SG&A AS % GROSS PROFIT:
	Unadjusted	85.0
	Adjusted (1)	82.5
OPERATING MARGIN %:
	Unadjusted	1.5
	Adjusted (1),(2)	1.7
PRETAX MARGIN %:
	Unadjusted	0.4
	Adjusted (1),(4)	0.9

(1)	We have included certain non-GAAP financial measures as defined under SEC rules, which exclude certain items. These adjusted measures are not measures of financial performance under GAAP. As required by SEC rules, we provide reconciliations of these adjusted measures to the most directly comparable GAAP measures. We believe that these adjusted financial measures are relevant and useful to investors because they improve the transparency of our disclosure, provide a meaningful presentation of results from our core business operations and improve period-to-period comparability of our results from our core business operations.
(2)	Excludes the impact of SG&A reconciling items above.
(3)	Results are for the period from the date of acquisition (February 28, 2013) through September 30, 2013.
(4)	Excludes the impact of SG&A reconciling items above, as well as the other expense, net of $789, for the period from the date of acquisition (February 28, 2013) through September 30, 2013.

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures - Consolidated
(Unaudited)
(Dollars in thousands, except per share amounts)
		Three Months Ended September 30,
		2013			2012		% Change
NET INCOME RECONCILIATION:
	As reported	$	32,765		$	31,335	4.6
	After-tax adjustments:
	Catastrophic events (3)	158			—
	Net gain on dealership dispositions (4)	(230		)	—
	Non-cash asset impairment (6)	349			—
	Severance paid (11)	454			—
	Income tax effect of acquisition costs	(630		)	—
	Adjusted net income (1)	$	32,866		$	31,335	4.9
ADJUSTED NET INCOME ATTRIBUTABLE TO DILUTED COMMON SHARES RECONCILIATION
	Adjusted net income	$	32,866		$	31,335	4.9
	Less: Adjusted earnings allocated to participating securities	1,324			1,641		(19.3	)
	Adjusted net income available to diluted common shares	$	31,542		$	29,694	6.2
DILUTED INCOME PER COMMON SHARE RECONCILIATION:
	As reported	$	1.19		$	1.32	(9.8	)
	After-tax adjustments:
	Catastrophic events	0.01			—
	Net gain on dealership dispositions	(0.01		)	—
	Non-cash asset impairment	0.01			—
	Severance paid	0.02			—
	Income tax effect of acquisition costs	(0.02		)	—
	Adjusted diluted income per share (1)	$	1.20		$	1.32	(9.1	)
SG&A RECONCILIATION:
	As reported	$	246,863		$	216,082	14.2
	Pre-tax adjustments:
	Catastrophic events	(258		)	—
	Net gain on dealership dispositions	1,373			—
	Severance paid	(551		)	—
	Adjusted SG&A (1)	$	247,427		$	216,082	14.5
SG&A AS % REVENUES:
	Unadjusted	10.5			10.9
	Adjusted (1)	10.6			10.9
SG&A AS % GROSS PROFIT:
	Unadjusted	74.9			74.2
	Adjusted (1)	75.1			74.2
OPERATING MARGIN %:
	Unadjusted	3.1			3.4
	Adjusted (1),(7)	3.1			3.4
PRETAX MARGIN %:
	Unadjusted	2.2			2.5
	Adjusted (1),(8)	2.2			2.5

SAME STORE SG&A RECONCILIATION:
	As reported	$	214,526		$	201,034	6.7
	Pre-tax adjustments:
	Catastrophic events	(258		)	—
	Severance paid	(71		)	—
	Adjusted Same Store SG&A (1)	$	214,197		$	201,034	6.5
SAME STORE SG&A AS % REVENUES:
	Unadjusted	10.8			10.8
	Adjusted (1)	10.8			10.8
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	73.8			73.0
	Adjusted (1)	73.6			73.0
SAME STORE OPERATING MARGIN %:
	Unadjusted	3.4			3.6
	Adjusted (1),(9)	3.4			3.6

		Nine Months Ended September 30,
		2013			2012			% Change
NET INCOME RECONCILIATION:
	As reported	$	92,271		$	83,077		11.1
	After-tax adjustments:
	Acquisition costs (2)	4,638			—
	Catastrophic events (3)	7,419			1,658
	Net gain on dealership dispositions (4)	(5,500		)	—
	Lease termination (5)	124			—
	Non-cash asset impairment (6)	718			115
	Net gain on real estate transactions (10)	—			(659		)
	Severance paid (11)	454			—
	Income tax effect of non-deductible acquisition costs	1,699			—
	Adjusted net income (1)	$	101,823		$	84,191		20.9
ADJUSTED NET INCOME ATTRIBUTABLE TO DILUTED COMMON SHARES RECONCILIATION
	Adjusted net income	$	101,823		$	84,191		20.9
	Less: Adjusted earnings allocated to participating securities	4,241			4,432			(4.3	)
	Adjusted net income available to diluted common shares	$	97,582		$	79,759		22.3
DILUTED INCOME PER COMMON SHARE RECONCILIATION:
	As reported	$	3.52		$	3.50		0.6
	After-tax adjustments:
	Acquisition costs	0.17			—
	Catastrophic events	0.28			0.07
	Net gain on dealership dispositions	(0.21		)	—
	Lease termination	—			—
	Non-cash asset impairment	0.03			—
	Net gain on real estate transactions	—			(0.03		)
	Severance paid	0.02			—
	Income tax effect of acquisition costs	0.07			—
	Adjusted diluted income per share (1)	$	3.88		$	3.54		9.6
SG&A RECONCILIATION:
	As reported	$	731,455		$	629,521		16.2
	Pre-tax adjustments:
	Acquisition costs	(6,512		)	—
	Catastrophic events	(12,158		)	(2,650		)
	Net gain on dealership dispositions	10,396			—
	Severance paid	(551		)	—
	Lease termination	(200		)	—
	Net gain on real estate transactions	—			1,071
	Adjusted SG&A (1)	$	722,430		$	627,942		15.0
SG&A AS % REVENUES:
	Unadjusted	11.0			11.4
	Adjusted (1)	10.9			11.3
SG&A AS % GROSS PROFIT:
	Unadjusted	75.3			75.2
	Adjusted (1)	74.4			75.0

OPERATING MARGIN %:
	Unadjusted	3.2	3.3
	Adjusted (1),(7)	3.3	3.4
PRETAX MARGIN %:
	Unadjusted	2.3	2.4
	Adjusted (1),(8)	2.5	2.4

SAME STORE SG&A RECONCILIATION:
	As reported	$	647,778		$	601,687		7.7
	Pre-tax adjustments:
	Acquisition costs	(5,301		)	—
	Catastrophic events	(12,158		)	(2,650		)
	Severance paid	(71		)	—
	Loss on real estate transaction	—			(504		)
	Lease termination	(200		)	—
	Adjusted Same Store SG&A (1)	$	630,048		$	598,533		5.3
SAME STORE SG&A AS % REVENUES:
	Unadjusted	11.4			11.3
	Adjusted (1)	11.1			11.3
SAME STORE SG&A AS % GROSS PROFIT:
	Unadjusted	75.2			74.6
	Adjusted (1)	73.1			74.2
SAME STORE OPERATING MARGIN %:
	Unadjusted	3.3			3.4
	Adjusted (1),(9)	3.7			3.5

(1)	We have included certain non-GAAP financial measures as defined under SEC rules, which exclude certain items. These adjusted measures are not measures of financial performance under GAAP. As required by SEC rules, we provide reconciliations of these adjusted measures to the most directly comparable GAAP measures. We believe that these adjusted financial measures are relevant and useful to investors because they improve the transparency of our disclosure, provide a meaningful presentation of results from our core business operations and improve period-to-period comparability of our results from our core business operations.
(2)	Adjustment is net of tax benefit of $2,663 for the nine months ended September 30, 2013, calculated utilizing the applicable federal and state tax rates for the adjustment.
(3)	Adjustment is net of tax benefit of $100 and $4,739 for the three and nine months ended September 30, 2013, and $992 for the nine months ended September 30, 2012, respectively, calculated utilizing the applicable federal and state tax rates for the adjustment.
(4)	Adjustment is net of tax provision of $1,143 and $4,896 for the three and nine months ended September 30, 2013, respectively, calculated utilizing the applicable federal and state tax rates for the adjustment.
(5)	Adjustment is net of tax benefit of $76 for the nine months ended September 30, 2013, calculated utilizing the applicable federal and state tax rates for the adjustment.
(6)	Adjustment is net of tax benefit of $216 and $456 for the three and nine months ended September 30, 2013, and $72 for the nine months ended September 30, 2012, calculated utilizing the applicable federal and state tax rates for the adjustment.
(7)	Excludes the impact of SG&A reconciling items above, as well as non-cash asset impairment charges for all periods except three months ended September 30, 2012.
(8)	Excludes the impact of SG&A reconciling items above, non-cash asset impairment charges for all periods, as well as the other expense, net of $789, for the nine months ended September 30, 2013.
(9)	Excludes the impact of Same Store SG&A reconciling items above, as well as Same Store non-cash asset impairment charges of $565 and $1,174 for the three and nine months ended September 30, 2013, and $187 for the nine months ended September 30, 2012.
(10)	Adjustment is net of tax provision of $412 for the nine months ended September 30, 2012, calculated utilizing the applicable federal and state tax rates for the adjustment.
(11)	Adjustment is net of tax benefit of $97 for the three and nine months ended September 30, 2013, calculated utilizing the applicable federal and state tax rates for the adjustment.