Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 96

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 96
---
 sold111,862 91,963 19,899 21.6 %Retail used vehicles sold119,858 98,443 21,415 21.8 %Wholesale used vehicles sold33,384 23,647 9,737 41.2 %Total used153,242 122,090 31,152 25.5 %Average sales price per unit sold:New vehicle retail$50,210 $49,858 $353 0.7 %$313 0.1 %Used vehicle retail$30,084 $29,154 $931 3.2 %$263 2.3 %Gross profit per unit sold:New vehicle retail sales$3,469 $3,584 $(115)(3.2)%$25 (3.9)%Used vehicle retail sales$1,585 $1,653 $(68)(4.1)%$11 (4.8)%Used vehicle wholesale sales$61 $(86)$147 NM$(2)NMTotal used$1,253 $1,316 $(64)(4.8)%$8 (5.4)%F&I PRU$2,002 $2,043 $(41)(2.0)%$9 (2.4)%Other:SG&A expenses$1,263.4 $973.3 $290.0 29.8 %$8.5 28.9 %SG&A as % gross profit69.1 %64.5 %4.6 %Floorplan expense:Floorplan interest expense$53.3 $45.2 $8.1 18.0 %$0.3 17.3 %Less: floorplan assistance (1)43.0 39.3 3.7 9.4 %— 9.5 %Net floorplan expense$10.3 $5.9 $4.4 $0.3 

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

NM — Not Meaningful

26

Same Store Operating Data — Consolidated 

(In millions, except unit data)

Six Months Ended June 30,20252024Increase/ (Decrease