Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 33

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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47,661 8,102 17.0 %Retail used vehicles sold60,240 49,260 10,980 22.3 %Wholesale used vehicles sold17,030 11,819 5,211 44.1 %Total used77,270 61,079 16,191 26.5 %Average sales price per unit sold:New vehicle retail$50,557 $49,996 $561 1.1 %$617 (0.1)%Used vehicle retail$30,713 $29,501 $1,212 4.1 %$590 2.1 %Gross profit per unit sold:New vehicle retail sales$3,557 $3,568 $(11)(0.3)%$48 (1.7)%Used vehicle retail sales$1,600 $1,638 $(37)(2.3)%$25 (3.8)%Used vehicle wholesale sales$29 $(96)$125 130.4 %$(6)136.6 %Total used$1,254 $1,302 $(48)(3.7)%$18 (5.1)%F&I PRU$2,050 $2,065 $(15)(0.7)%$19 (1.6)%Other:SG&A expenses$646.1 $497.2 $148.9 29.9 %$9.6 28.0 %SG&A as % gross profit69.0 %64.9 %4.2 %Floorplan expense:Floorplan interest expense$26.4 $24.7 $1.8 7.1 %$0.3 5.8 %Less: floorplan assistance (1)22.6 21.0 1.6 7.8 %— 7.8 %Net floorplan expense$3.8 $3.7 $0.1 $0.3 

(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

24

Same Store Operating Data — Consolidated 

(In millions, except unit data)

Three Months Ended June 30,20252024Increase/