Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 28

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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49,709 $152 0.3 %$1 0.3 %Used vehicle retail$29,449 $28,806 $644 2.2 %$(66)2.5 %Gross profit per unit sold:New vehicle retail sales$3,381 $3,601 $(220)(6.1)%$1 (6.1)%Used vehicle retail sales$1,569 $1,669 $(100)(6.0)%$(3)(5.8)%Used vehicle wholesale sales$93 $(76)$169 NM$1 NMTotal used$1,251 $1,331 $(79)(5.9)%$(2)(5.8)%F&I PRU$1,955 $2,020 $(65)(3.2)%$(1)(3.2)%Other:SG&A expenses$617.3 $476.1 $141.1 29.6 %$(1.2)29.9 %SG&A as % gross profit69.2 %64.1 %5.1 %Floorplan expense:Floorplan interest expense$26.9 $20.5 $6.4 31.0 %$— 31.2 %Less: floorplan assistance (1)20.4 18.4 2.1 11.3 %— 11.4 %Net floorplan expense$6.5 $2.2 $4.3 $— 

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

NM — Not Meaningful

23

Same Store Operating Data — Consolidated 

(In millions, except unit data)

Three Months Ended March 31,20252024Increase/ (Decrease)% ChangeCurrency Impact on Current Period ResultsConstant Currency % ChangeRevenues:New vehicle retail sales$2,278.3 $2,130.8 $147.5 6.9 %$(0.1)6.9 %Used vehicle retail sales1,436.5 1,391.0 45.5 3.3 %(2.1)3.4 %Used vehicle wholesale sales116.2 103.4 12.8 12.