Company: GPI
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001031203-25-000013
Chunk: 121

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 121
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.8)%Used vehicle retail sales$1,629 $1,653 $(24)(1.5)%Used vehicle wholesale sales$121 $81 $40 49.3 %Total used$1,334 $1,374 $(40)(2.9)%F&I PRU$2,368 $2,338 $30 1.3 %Other:SG&A expenses$1,704.0 $1,622.9 $81.1 5.0 %SG&A as % gross profit63.6 %62.2 %1.4 %

32

Same Store Operating Data — U.S. 

(In millions, except unit data)

For the Years Ended December 31,20242023Increase/(Decrease)% ChangeRevenues:New vehicle retail sales$7,378.3 $7,166.7 $211.7 3.0 %Used vehicle retail sales4,263.5 4,264.2 (0.7)— %Used vehicle wholesale sales298.0 295.4 2.6 0.9 %Total used4,561.5 4,559.6 1.9 — %Parts and service sales1,934.6 1,865.1 69.5 3.7 %F&I, net685.8 649.0 36.8 5.7 %Total revenues$14,560.2 $14,240.3 $319.8 2.2 %Gross profit:New vehicle retail sales$516.6 $624.5 $(107.9)(17.3)%Used vehicle retail sales233.3 231.3 2.0 0.9 %Used vehicle wholesale sales4.1 2.7 1.4 50.6 %Total used237.4 234.0 3.4 1.5 %Parts and service sales1,047.0 1,007.0 40.0 4.0 %F&I, net685.8 649.0 36.8 5.7 %Total gross profit$2,486.7 $2,514.4 $(27.7)(1.1)%Gross margin:New vehicle retail sales7.0 %