Group 1 Automotive to Present at JPMorgan Conference

HOUSTON--Jan. 2, 20048, 2004--Group 1 Automotive, Inc. , a Fortune 500 specialty retailer, announced that executive management will make a presentation at the JPMorgan Annual High Yield Conference 2004 being held in New Orleans on Tuesday, Feb. 3, 2004, at 10:40 a.m. Central Standard Time. The presentation will cover Group 1's financial results and an overview of company strategies.

A copy of the presentation will be available on Group 1's website at www.group1auto.com.

About Group 1 Automotive, Inc.

Group 1 currently owns 74 automotive dealerships comprised of 116 franchises, 30 brands, and 27 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