Next up in Auto Remarketing’s series examining the used-car results of the publicly traded dealer groups is Group 1 Automotive, which reported quarterly results Thursday, along with a major purchase in the Atlanta market.

Looking at its pre-owned results, Group 1 sold 53,469 used retail units during the second quarter, down 11.2% from Q2 2025. Wholesale sales were off 10.1% at 15,315 units.

So far this year, Group 1 has sold 110,454 retail used units, a 7.8% decrease. First-half wholesale sales were at 30,717 units for an 8% slide.

Revenue from used-vehicle retail sales came in at $1.72 billion for the quarter, down 7% year-over-year.

Group 1’s used-car wholesale revenues during Q2 were down 12.3% at $151.5 million.

In the first half, used-car retail revenue was down 3.1% at $3.49 billion, while wholesale revenue fell 4.6% at $300.9 million.

Gross profits on used-car retail sales for the quarter fell 15% to $81.9 million, with gross margins on used retail sales dropping from 5.2% to 4.8%.

In the first half, used retail gross profits were down 10.7% at $169.6 million, with gross margins at 4.9%, down from 5.3% a year ago.

Gross profit per used retail unit sold in Q2 was down 4.3% at $1,532. In the first half, it was off 3.1% at $1,536.

Looking at overall results beyond used, total revenues were at $5.4 billion in Q2, down 5.6% year-over-year.

Gross profits fell 8% at $860.6 million.

Offering overall commentary on the quarter, Group 1 president and CEO Daryl Kenningham said in a news release, “While our second quarter results softened due to consumer affordability issues, we continued to execute against the strategic initiatives that will strengthen Group 1 over the long term.

“During the quarter in the U.S., we successfully completed our previously announced $50 million annualized expense reduction initiative, exceeding our targets,” he said.

“We also continued to invest in our future through strategic dealership acquisitions and dispositions, advanced our corporate rebranding to more than 60% completion, and expanded our virtual F&I platform to more than 40% of our stores. We remain focused on disciplined execution that will continue to drive sustainable value for our shareholders.”

Kenningham added: “To that end, earlier (Thursday) we announced our intent to acquire Hennessy Automobile Companies which, along with two additional dealership acquisitions, will boost our presence to 15 dealerships in Atlanta. The purchase of these high-volume dealerships in a tremendous growth market is the ideal execution of our cluster strategy and bolsters Group 1’s position for the long term.”

More on that story can be found here.