Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 106

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 106
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 17,487 1,889 10.8 %Total used96,049 92,374 3,675 4.0 %Average sales price per unit sold:New vehicle retail$52,032 $51,249 $783 1.5 %Used vehicle retail$29,981 $29,501 $480 1.6 %Gross profit per unit sold:New vehicle retail sales$3,523 $3,709 $(186)(5.0)%Used vehicle retail sales$1,715 $1,733 $(18)(1.0)%Used vehicle wholesale sales$256 $144 $112 77.8 %Total used$1,421 $1,432 $(11)(0.8)%F&I PRU$2,462 $2,368 $94 4.0 %Other:SG&A expenses$902.1 $841.5 $60.5 7.2 %SG&A as % gross profit 65.9 %65.7 %0.2 %

32

U.S. Region — Six Months Ended June 30, 2025 Compared to 2024

Revenues

Total revenues in the U.S. during the six months ended June 30, 2025 (“Current Year”) increased $532.0 million, or 7.0%, as compared to the six months ended June 30, 2024 (“Prior Year”), driven by higher same store revenues and the acquisition of stores. 

Total same store revenues in the U.S. during the Current Year increased $495.8 million, or 6.7%, as compared to the Prior Year. This increase was driven by higher revenues across all business lines.

New vehicle retail same store revenues outperformed the Prior Year, driven by more units sold, coupled with higher pricing. This outperformance reflects the resiliency of demand. We ended the Current Year with a U.S. new vehicle inventory supply of 48 days, 14 days lower than the Prior Year.

Used vehicle retail same store revenues outperformed the Prior Year, driven by higher pricing, coupled with more units sold. Used vehicle wholesale same store revenues outperformed the Prior Year, driven by more units sold, coupled with higher pricing.

Parts and service same store revenues outperformed the Prior Year, driven by increases in customer pay, warranty and wholesale revenues,