Company: GPI
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001031203-25-000013
Chunk: 117

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 117
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43,763 8,837 20.2 %Total used262,287 231,419 30,868 13.3 %Average sales price per unit sold:New vehicle retail$49,817 $50,325 $(508)(1.0)%$296 (1.6)%Used vehicle retail$29,472 $30,340 $(868)(2.9)%$238 (3.6)%Gross profit per unit sold:New vehicle retail sales$3,525 $4,369 $(844)(19.3)%$23 (19.9)%Used vehicle retail sales$1,574 $1,604 $(30)(1.9)%$12 (2.6)%Used vehicle wholesale sales$(63)$(86)$24 27.4 %$(2)29.7 %Total used$1,246 $1,284 $(38)(3.0)%$9 (3.7)%F&I PRU$2,005 $2,043 $(38)(1.9)%$7 (2.2)%Other:SG&A expenses$2,179.2 $1,926.8 $252.4 13.1 %$14.6 12.3 %SG&A as % gross profit67.2 %63.8 %3.4 %Floorplan expense:Floorplan interest expense$108.5 $64.1 $44.4 69.3 %$0.6 68.4 %Less: floorplan assistance (1)88.4 71.2 17.2 24.2 %0.1 24.1 %Net floorplan expense$20.1 $(7.1)$27.2 $0.5 

(1) Floorplan assistance is included within Gross profit — New vehicle retail sales above and Cost of sales — New vehicle retail sales in our Consolidated Statements of Operations. 

30

Same Store Operating Data — Consolidated 

(In millions, except unit data)

For the Years Ended December 31,20242023Increase/ (Decrease)% ChangeCurrency Impact on Current Period ResultsConstant Currency % ChangeRevenues:New vehicle retail sales$8,785.0 $8,507.7 $277.4 3.3 %$40.