Record-Breaking Financial Performance
Group 1 Automotive reported quarterly record revenues of $5.7 billion, quarterly record gross profit of $936 million, and adjusted net income of $149.6 million.
Strong U.S. Performance
U.S. operations saw new car sales up 6% on a same-store basis, and used car volumes up nearly 4% year-over-year. Aftersales gross profit increased by 14.3% with customer pay revenue up 13.6% and warranty revenue up 31.9%.
Expansion and Acquisitions
Acquired 3 dealerships in Q2, expanding existing footprints in Austin, Texas, and Fort Myers, Florida. Increased technician headcount by 6% in the U.S. on a same-store basis.
Technological Advancements
Investments in technology and AI to improve customer experience and productivity, including air-conditioned shops for 90% of technicians by the end of 2025.