Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Pereira Lincoln
2. Date of Event Requiring Statement (Month/Day/Year)
02/28/2013
3. Issuer Name and Ticker or Trading Symbol
GROUP 1 AUTOMOTIVE INC [GPI]
(Last)
(First)
(Middle)
800 GESSNER, SUITE 500
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77024
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 361,646 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pereira Lincoln
800 GESSNER
SUITE 500
HOUSTON, TX 77024
  X      

Signatures

/s/ Beth Sibley, attorney-in-fact for Lincoln Pereira 03/08/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares were acquired as consideration pursuant to a Share Purchase Agreement dated effective January 24, 2013, and as amended February 27, 2013, by and between Group 1 Automotive, Inc. (the "Issuer"), the Reporting Person (individually, a "Shareholder", and, together with the other shareholders of UAB Motors Participa??es, S.A., the "Shareholders"), and UAB Motors Participa??es, S.A., as Intervening and Consenting Party. Of the 361,646 shares issued to the Reporting Person, 131,289 shares are being held in escrow pursuant to the terms of an Escrow Agreement dated as of February 28, 2013 (the "Closing Date"). Effective May 28, 2013, and subject to certain Purchase Price Adjustments (as defined in the Share Purchase Agreement), all or a portion of 17,477 of the shares held in escrow may be released to the Reporting Person (any of the 17,477 shares not released will be returned to the Issuer). The remaining 113,812 shares held in escrow will serve as a guarantee for the benefit of the Issuer in respect of indemnification obligations assumed by the Shareholders pursuant to the Share Purchase Agreement. Such shares will be released on the second (2nd), fourth (4th) and sixth (6th) anniversaries of the Closing Date (to the extent not retained for outstanding liability claims).
 
Remarks:
Exhibit List -- Exhibit 24 -- Confirming Statement

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