Record-Breaking Quarterly Revenue
Group 1 Automotive reported quarterly record revenues of $5.8 billion, driven by strong performance in used vehicles, parts and service, and F&I in both the U.S. and U.K.
Strong U.S. Performance
The U.S. operations achieved an all-time quarterly high PRU of nearly $2,500 and 77% new vehicle finance penetration. Aftersales also achieved record quarterly revenue and gross profit.
Positive U.K. Aftersales Growth
Despite challenges, the U.K. operations showed growth in aftersales with same-store technician headcount increasing by over 4% and F&I PRU up 16% year-over-year.
Used Vehicle Volume Growth in U.K.
U.K. used vehicle volumes increased by nearly 4%, with the teams exercising discipline in aging and reconditioning processes.