Group 1 Automotive recently released its second quarter financial results, highlighting an 18.2 percent increase in retail used-vehicle unit sales in Q2.

That was an increase of over 4,000 vehicles, bringing the second quarter total to 26,835 used vehicles retailed in the United States.

One of the largest jumps came in used-vehicle retail sales revenue, which increased 20.8 percent year over year to over $572 million, compared to 2014’s Q2 result of roughly $474 million.

Group 1’s gross profit on used-vehicle retail sales was also up by 3.5 percent year over year, coming in at a little over $40 million for the quarter. The average retail sales price for a used vehicle at Group 1 increased by 2.2 percent year over year in the second quarter, averaging at just north of $21,000 per used vehicle.

Earl J. Hesterberg, the group’s president and chief executive officer, commented on the company’s overall results for second quarter.

"We are pleased to report another record-setting quarter," Hesterberg said. "The combination of continued solid top-line growth in the United States and the United Kingdom, combined with improved expense leverage, delivered all-time record adjusted diluted EPS of $1.98. We are particularly pleased with our 14 percent increase in both U.S. and U.K. same store used-vehicle sales and the acceleration of our U.S. parts and service revenue, which was up 8 percent on a same store basis. Finally, although overall market conditions have continued to deteriorate in Brazil, the combination of our brand profile and cost cutting initiatives allowed us to deliver a pre-tax profit in that market this quarter, which is an impressive accomplishment by our Brazilian operating team."

To check out the company’s full financial results for the second quarter, click here.