Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 101

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 101
---
%Gross margin:New vehicle retail sales7.0 %7.2 %(0.1)%Used vehicle retail sales5.7 %5.7 %— %Used vehicle wholesale sales2.9 %1.5 %1.4 %Total used5.5 %5.4 %0.1 %Parts and service sales55.5 %54.7 %0.7 %Total gross margin17.5 %17.0 %0.4 %Units sold:Retail new vehicles sold40,802 38,492 2,310 6.0 %Retail used vehicles sold39,416 37,946 1,470 3.9 %Wholesale used vehicles sold9,591 8,732 859 9.8 %Total used49,007 46,678 2,329 5.0 %Average sales price per unit sold:New vehicle retail$51,861 $51,361 $500 1.0 %Used vehicle retail$30,278 $29,924 $354 1.2 %Gross profit per unit sold:New vehicle retail sales$3,645 $3,678 $(34)(0.9)%Used vehicle retail sales$1,731 $1,702 $29 1.7 %Used vehicle wholesale sales$258 $134 $124 93.0 %Total used$1,443 $1,409 $34 2.4 %F&I PRU$2,469 $2,379 $90 3.8 %Other:SG&A expenses$466.8 $428.7 $38.1 8.9 %SG&A as % gross profit64.5 %65.2 %(0.7)%

29

U.S. Region — Three Months Ended June 30, 2025 Compared to 2024

Revenues

Total revenues in the U.S. during the Current Quarter increased $256.0 million, or 6.5%, as compared to the three months ended June 30, 2024 (“Prior Year Quarter”), driven by higher same store revenues offset by the disposition of stores subsequent to the Prior Year Quarter.

Total same store revenues in the U.S. during the Current Quarter increased $284.2 million, or