Company: GPI
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001031203-25-000013
Chunk: 128

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 128
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1.0 %Retail used vehicles sold42,268 42,039 229 0.5 %Wholesale used vehicles sold11,400 12,307 (907)(7.4)%Total used53,668 54,346 (678)(1.2)%Average sales price per unit sold:New vehicle retail$44,849 $42,488 $2,361 5.6 %$1,301 2.5 %Used vehicle retail$28,175 $29,373 $(1,199)(4.1)%$774 (6.7)%Gross profit per unit sold:New vehicle retail sales$3,047 $3,689 $(641)(17.4)%$88 (19.8)%Used vehicle retail sales$1,342 $1,432 $(90)(6.3)%$37 (8.9)%Used vehicle wholesale sales$(650)$(514)$(136)(26.5)%$(10)(24.6)%Total used$919 $991 $(72)(7.3)%$27 (10.0)%F&I PRU$895 $904 $(9)(1.0)%$26 (3.8)%Other:SG&A expenses$323.9 $302.3 $21.6 7.1 %$8.9 4.2 %SG&A as % gross profit 82.5 %74.6 %7.9 %

37

U.K. Region — Year Ended December 31, 2024 compared to 2023 

Retail new vehicle units sold include new vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new vehicles as only the sales commission is reported within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold. The GBP to USD foreign currency exchange rate has fluctuated from £1 to $1.273 at December 31, 2023, to £1 to $1.254 at December 31, 2024, or a slight decrease in the value of the GBP of 1.5%.

Revenues

Total revenues in the U.K. during the Current Year increased $1.1 billion, or 36.0%, as compared to the Prior Year, primarily driven by the acquisition of stores