HOUSTON –

Like its fellow publicly traded contemporaries, the used-vehicle department at Group 1 Automotive posted superb performance metrics during the second quarter.

When looking at just its U.S. data on a year-over-year comparison, Group 1 reported a whopping 63.2% jump in used-vehicle retail sales revenue and a 113.2% spike in used-vehicle retail gross profit in Q2.

The company said its total used-vehicle retail sales revenue came in at $882.9 million while that gross profit number was $87.3 million.

Group 1 retailed 34,008 used vehicles during the second quarter, and the company wholesaled another 6,606 units, representing increases of 30.1% and 28.3% year-over-year, respectively.

Gross profit on those used-vehicle retail turns rose by exactly $1,000 year-over-year to $2,568.

And likely reflecting what’s happening in the lanes that’s been well chronicled by Black Book, Cox Automotive and KAR Global, Group 1 indicated its gross per vehicle wholesaled nearly hit the $1,000 mark. That gross metric jumped from $311 to $969.

Furthermore, as discussed by StoneEagle F&I, Group 1 watched its gross in the finance office increase, too. Its F&I gross per unit retailed — which includes both used and new models — came in 13.2% higher year-over-year at $2,114.

One other notable data point associated with used vehicles, Group 1 said its service and parts sales revenue jumped by $78.4 million or 30.8% year-over-year to $332.6. The gross profit for service and parts sales made an even healthier increase year-over-year, coming in $46.1 million or 34.0% higher at $181.7 million.

Group 1 also shared its performances through the first six months of the year. The highlights in the used-vehicle department included:

— Retail used vehicles sold: Up 19.8% to 64,439 units

— Wholesale used vehicles sold: Up 7.1% to 13,046

— Gross profit per used vehicle retailed: Up 57.6% to $2,136

— Parts and service sales revenue: Up 12.5% to $628.9 million