Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 31

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 31
---
6 $131.9 $(1.2)(0.9)%Used vehicle retail sales65.8 66.6 (0.8)(1.3)%Used vehicle wholesale sales2.6 1.4 1.2 82.5 %Total used68.3 68.0 0.3 0.5 %Parts and service sales290.5 267.8 22.7 8.5 %F&I, net185.5 171.4 14.1 8.2 %Total gross profit$675.0 $639.1 $35.9 5.6 %Gross margin:New vehicle retail sales6.6 %7.3 %(0.7)%Used vehicle retail sales5.7 %6.1 %(0.3)%Used vehicle wholesale sales2.8 %1.8 %1.0 %Total used5.5 %5.8 %(0.2)%Parts and service sales54.7 %54.1 %0.6 %Total gross margin17.2 %17.5 %(0.3)%Units sold:Retail new vehicles sold37,835 35,341 2,494 7.1 %Retail used vehicles sold38,613 37,885 728 1.9 %Wholesale used vehicles sold10,217 9,088 1,129 12.4 %Total used48,830 46,973 1,857 4.0 %Average sales price per unit sold:New vehicle retail$52,034 $50,928 $1,106 2.2 %Used vehicle retail$29,636 $29,021 $615 2.1 %Gross profit per unit sold:New vehicle retail sales$3,453 $3,731 $(279)(7.5)%Used vehicle retail sales$1,703 $1,758 $(55)(3.1)%Used vehicle wholesale sales$252 $155 $97 62.3 %Total used$1,400 $1,448 $(48)(3.3)%F&I PRU$2,426 $2,340 $86 3.7 %Other:SG&A expenses$447.4 $394.9