Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 9

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 well as an annual disaggregation of the income tax rate reconciliation between certain specified categories by both percentage and reported amounts, along with other changes to income tax disclosure requirements. The standard will be effective for annual periods beginning after December 15, 2024. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements; however, the adoption will require certain additional income tax disclosures.

In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures. The ASU requires that an entity disclose additional information about specific expense categories in the notes to financial statements. The standard will be effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact that the adoption of the provisions of the ASU will have on its consolidated financial statements.

9

Table of Contents GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

2. REVENUES 

The following tables present the Company’s revenues disaggregated by its geographical segments (in millions): Three Months Ended June 30, 2025Six Months Ended June 30, 2025U.S.U.K.TotalU.S.U.K.TotalNew vehicle retail sales$2,132.9 $602.5 $2,735.5 $4,101.6 $1,313.8 $5,415.4 Used vehicle retail sales1,203.2 645.0 1,848.2 2,347.6 1,256.0 3,603.6 Used vehicle wholesale sales86.5 77.3 163.8 178.5 136.9 315.4 Total new and used vehicle sales3,422.7 1,324.8 4,747.4 6,627.7 2,706.7 9,334.4 Parts and service sales (1)555.5 162.8 718.4 1,086.8 323.7 1,410.4 Finance, insurance and other, net (2)199.0 38.8 237.8 384.5 79.5 464.0