Company: GPI
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001031203-25-000013
Chunk: 122

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 122
---
8.7 %(1.7)%Used vehicle retail sales5.5 %5.4 %— %Used vehicle wholesale sales1.4 %0.9 %0.5 %Total used5.2 %5.1 %0.1 %Parts and service sales54.1 %54.0 %0.1 %Total gross margin17.1 %17.7 %(0.6)%Units sold:Retail new vehicles sold142,312 137,362 4,950 3.6 %Retail used vehicles sold143,226 138,907 4,319 3.1 %Wholesale used vehicles sold34,010 29,834 4,176 14.0 %Total used177,236 168,741 8,495 5.0 %Average sales price per unit sold:New vehicle retail$51,846 $52,173 $(327)(0.6)%Used vehicle retail$29,768 $30,698 $(931)(3.0)%Gross profit per unit sold:New vehicle retail sales$3,630 $4,546 $(916)(20.2)%Used vehicle retail sales$1,629 $1,665 $(36)(2.2)%Used vehicle wholesale sales$120 $91 $29 32.1 %Total used$1,339 $1,386 $(47)(3.4)%F&I PRU$2,402 $2,349 $52 2.2 %Other:SG&A expenses$1,636.5 $1,571.2 $65.3 4.2 %SG&A as % gross profit 65.8 %62.5 %3.3 %

33

U.S. Region — Year Ended December 31, 2024 compared to 2023 

The following discussion of our U.S. operating results is on an as reported and same store basis. The difference between as reported amounts and same store amounts is related to acquisition and disposition activity, as well as new add-point openings. 

Revenues

Total revenues in the U.S. during the Current Year increased $958.7 million, or 6.5%, as compared to the same period in the Prior Year, driven by the acquisition of stores and higher same store revenues. 

Total