Group 1 Sees Strong Fourth Quarter Featured
10 February 2018
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.