Group 1 lifts US pre-owned sales 6.7%
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HOUSTON –
Group 1 Automotive increased its U.S. used-vehicle sales by more than 6 percent in the first quarter, retailing close to 27,000 units.
Specifically, it sold 26,831 used retail units, up 6.7 percent year-over-year.
Used retail revenue in the U.S. was up 9.1 percent at $558.76 million.
Gross margin percentage on used retail sales was 7.8 percent, compared to 7.9 percent in Q1 of 2015.
Used retail gross profit was up 7.2 percent at $43.46 million.
Gross profit per used unit retailed was $1,620, up 0.4 percent year-over-year.
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When including international results, Group 1 retailed 32,791 used vehicles in Q1, a 9.4-percent increase.
