Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 49

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 49
---
Total SG&A expenses in the U.S. during the Current Quarter increased $35.7 million, or 8.0%, as compared to the Prior Year Quarter, primarily driven by the acquisition of stores as well as increases on a same store basis as further described as follows. Total same store SG&A expenses in the U.S. during the Current Quarter, increased $31.9 million, or 7.3%, as compared to the Prior Year Quarter, primarily driven by increased employee related costs, unfavorable legal settlements and third-party services.

32

Reported Operating Data — U.S. 

(In millions, except unit data)

Nine Months Ended September 30,20252024Increase/(Decrease)% ChangeRevenues:New vehicle retail sales$6,288.7 $5,826.2 $462.5 7.9 %Used vehicle retail sales3,577.9 3,409.7 168.2 4.9 %Used vehicle wholesale sales269.4 241.2 28.2 11.7 %Total used3,847.3 3,650.9 196.4 5.4 %Parts and service sales1,654.4 1,521.0 133.4 8.8 %F&I, net586.5 539.9 46.6 8.6 %Total revenues$12,376.9 $11,538.0 $838.8 7.3 %Gross profit: New vehicle retail sales$419.2 $416.4 $2.9 0.7 %Used vehicle retail sales195.0 193.7 1.4 0.7 %Used vehicle wholesale sales6.2 3.9 2.2 55.8 %Total used201.2 197.6 3.6 1.8 %Parts and service sales911.8 831.1 80.7 9.7 %F&I, net586.5 539.9 46.6 8.6 %Total gross profit$2,118.7 $1,985.0 $133.7 6.7 %Gross margin:New vehicle retail sales6.7 %7.1 %(0.5)%Used vehicle retail sales5.5 %5.7 %(