Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 33

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
192 1,761 5.2 %Retail used vehicles sold37,257 36,941 316 0.9 %Wholesale used vehicles sold9,785 8,755 1,030 11.8 %Total used47,042 45,696 1,346 2.9 %Average sales price per unit sold:New vehicle retail$52,227 $51,123 $1,104 2.2 %Used vehicle retail$29,666 $29,066 $600 2.1 %Gross profit per unit sold:New vehicle retail sales$3,384 $3,743 $(359)(9.6)%Used vehicle retail sales$1,698 $1,764 $(66)(3.8)%Used vehicle wholesale sales$254 $154 $100 64.7 %Total used$1,398 $1,456 $(58)(4.0)%F&I PRU$2,454 $2,356 $98 4.1 %Other:SG&A expenses$435.3 $412.9 $22.4 5.4 %SG&A as % gross profit67.6 %66.3 %1.4 %

26

U.S. Region — Three Months Ended March 31, 2025 Compared to 2024

Revenues

Total revenues in the U.S. during the three months ended March 31, 2025 (“Current Quarter”) increased $276.1 million, or 7.6%, as compared to the three months ended March 31, 2024 (“Prior Year Quarter”), driven by higher same store revenues and the acquisition of stores. 

Total same store revenues in the U.S. during the Current Quarter increased $211.6 million, or 6.0%, as compared to the Prior Year Quarter. This increase was driven by higher revenues across all business lines. 

New vehicle retail same store revenues outperformed the Prior Year Quarter, driven by more units sold, coupled with higher pricing. This outperformance reflects the resiliency of demand. We ended the Current Quarter with a U.S. new vehicle inventory supply of 38 days, five days lower than the Prior Year Quarter.

Used vehicle retail same store revenues outperformed the Prior Year Quarter, driven by higher pricing, coupled with slightly more units sold. This outperformance is