Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 75

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 2
Chunk 75
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8)%Used vehicle retail sales5.7 %6.1 %(0.3)%Used vehicle wholesale sales2.8 %1.8 %1.1 %Total used5.5 %5.8 %(0.3)%Parts and service sales54.3 %54.0 %0.2 %Total gross margin17.1 %17.6 %(0.4)%Units sold:Retail new vehicles sold35,953 34,192 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