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Group 1 Sees Strong Fourth Quarter

Group 1 Sees Strong Fourth Quarter Featured

Used-car operations ended 2017 with a strong performance for Group One Automotive Inc. 
Retail used vehicle revenues increased 8.9 percent on 5.4 percent higher unit sales in the fourth quarter. Retail used vehicle gross profit increased 3.8 percent, to $40.5 million. 
For the year, retail used vehicle gross profit decreased 2.7 percent on a revenue increase of 1.5 percent. Group 1 retailed 129,933 used vehicles in 2017, a 0.6 percent increase over 2016.
Last modified on Saturday, 10 February 2018 21:08