HOUSTON, June 25, 2020 /PRNewswire/ -- Group 1 Automotive, Inc. ( GPI ), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today provided an operational update on its business for the second quarter 2020 and noted significantly improving market conditions and operating trends in May and June-to-date when compared to March and April, 2020. In late March, the company implemented major cost reductions as "shelter-in-place" orders dramatically curtailed operations and overall business levels. All of the Company's U.S. automotive retail dealership sales and service operations have been open since early May, with the exception of a small number of temporary facility closures due to instances of specific COVID-19 cases. Since that time, revenues for new vehicle sales and service have increased at a much faster rate than associated costs. As a result, U.S. operating profits are improving much faster than anticipated.