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Saturday, 10 February 2018 21:02

Group 1 Sees Strong Fourth Quarter

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.
Published in Finance
Saturday, 29 April 2017 16:24

Sales Decline at Group 1

Group 1 Automotive Inc. reported weakening auto sales in the first quarter.The company’s combined new and used sales dropped 11 percent in Texas and Oklahoma, with the new vehicle industry declining 16 percent for the quarter in its largest single market of Houston.Retail used vehicle revenues decreased 4 percent on a 3.7 percent decrease in unit sales. Retail used vehicle gross profit decreased 8.5 percent to $45 million reflecting the impact of lower margins, down $74 per unit, in combination with the volume decline.
Published in Finance