Group 1 Automotive to Present at New York Investor Conferences in June

    HOUSTON--May 30, 2003--Group 1 Automotive, Inc. , a Fortune 500 specialty retailer, announced that executive management will participate in three investor conferences in New York City in June. Group 1 will discuss its financial results and company strategies.
    The company will present at the 12th Annual Bear Stearns Credit Research Conference at the Waldorf Astoria Hotel on June 3, 2003 at 9:30 a.m. EDT. The conference will not be webcast, but a copy of the slide presentation will be available at www.group1auto.com on the day of the presentation.
    Group 1 also will present at the U.S. Bancorp Piper Jaffray Consumer Conference on June 11, 2003 at 8:30 a.m. EDT at the New York Palace Hotel. A live audio webcast, with a replay available for 30 days, as well as the slide presentation, will be accessible through Group 1's website at www.group1auto.com or at http://www.gotoanalysts.com/ccwebcasts.
    Goldman, Sachs & Co. has also invited management to participate in its Third Annual Small-Cap Retail Conference being held at the Goldman Sachs Conference Center on June 12, 2003 at 11:15 a.m. EDT. This conference is predominantly a moderated Q&A format with no formal presentations, and will have a live audio webcast, with a replay available for 30 days, accessible through Group 1's website at www.group1auto.com.

    About Group 1 Automotive, Inc.

    Group 1 owns 73 automotive dealerships comprised of 114 franchises, 29 brands, and 25 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