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Episode · Thursday, October 29, 2026 · 3:55

Group 1 Hits Record, GM Jumps to Nasdaq

Group 1 Automotive posted the kind of quarter other dealer groups get measured against: record US customer-pay revenue, a ten-store Hennessy acquisition in Atlanta, and roughly three hundred sixty million dollars in asset sales to cut leverage. Today's episode covers Cox Automotive's upgraded October sales forecast, General Motors pairing a Michigan hybrid investment with a move to the Nasdaq, and a Stellantis quarter that posted a loss even as management promises faster revenue growth and warns Canadian tariffs could be catastrophic. Carvana's earnings, Honda's fleet push into used supply, Lithia's AI service pilot, and a California court letting the Scout direct-sales suit proceed round out the lineup. None of it changes what a dealer owes on floorplan this week, but it does set the comparison points for the quarter just closing.

In this episode

Questions from this episode

What did Group 1 Automotive report for its third quarter results?

Group 1 Automotive posted third quarter results on October 28, with diluted earnings per share of $8.59 and adjusted diluted earnings per share of $9.36 across 256 US and UK stores. The company logged all-time record US customer-pay revenue and repair order count, and closed the purchase of 10 Hennessy Automobile stores, taking its Atlanta footprint to 15 rooftops.

Why is Group 1 Automotive selling stores?

Group 1 has booked or agreed roughly $360 million in store sales since the quarter ended, aimed at paying down debt.

What does Cox Automotive's October sales forecast show?

Cox Automotive's October forecast puts new vehicle volume near 1.38 million units, up 7.2% from a year ago, with the seasonally adjusted annual rate expected to land near 16.1 million, up from 16 million in September. Subcompact SUVs led growth at 17.6%, with compact cars close behind at 15.6%.

What did General Motors announce about its Michigan plant and stock listing?

General Motors will invest $750 million at a Michigan plant to build hybrid versions of the Enclave, Traverse and Acadia, and it also moved its listing to the Nasdaq, becoming the first legacy automaker on that exchange. GM's stock rose 6% on the two announcements.

How did Stellantis perform in the third quarter?

Stellantis posted a third quarter net loss tied to special charges, though the company still expects faster revenue growth as cost cuts continue. Stellantis also called potential Canada tariffs catastrophic for its operations.

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