Despite lower domestic-brand new vehicle sales during the fourth quarter, our company was able to realize meaningful improvements in our overall profit performance.

We are very pleased to have experienced automotive people like Steve join our team. We need this type of leader to help us improve our overall operating efficiency while simultaneously growing our company.

Cliff has been an integral part of the management team at Group 1 since 1998. I would like to thank Cliff for his contributions and wish him well in his new endeavors.