Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 101

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 101
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55.6 %55.0 %0.5 %Total gross margin16.2 %16.4 %(0.2)%Units sold:Retail new vehicles sold169,131 145,738 23,393 16.1 %Retail used vehicles sold179,432 154,350 25,082 16.3 %Wholesale used vehicles sold49,402 37,867 11,535 30.5 %Total used228,834 192,217 36,617 19.0 %Average sales price per unit sold:New vehicle retail$50,415 $49,318 $1,097 2.2 %$283 1.7 %Used vehicle retail$30,425 $29,326 $1,099 3.7 %$257 2.9 %Gross profit per unit sold:New vehicle retail sales$3,394 $3,518 $(124)(3.5)%$21 (4.1)%Used vehicle retail sales$1,534 $1,625 $(90)(5.5)%$10 (6.2)%Used vehicle wholesale sales$36 $(43)$79 NM$(3)NMTotal used$1,211 $1,296 $(85)(6.6)%$7 (7.1)%F&I PRU$2,022 $2,010 $12 0.6 %$8 0.2 %Other:SG&A expenses$1,918.2 $1,564.9 $353.3 22.6 %$12.1 21.8 %SG&A as % gross profit69.8 %66.3 %3.6 %Floorplan expense:Floorplan interest expense$77.0 $76.3 $0.6 0.8 %$0.4 0.3 %Less: floorplan assistance (1)66.5 63.4 3.1 4.8 %— 4.8 %Net floorplan expense$10.5 $12.9 $(2.4)$0.4 

(1) Floorplan assistance is included within Gross Profit — New vehicle retail sales above and Cost of Sales — New vehicle retail sales in our Condensed Consolid