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Group 1 Automotive Reports 7.1% Rise In Same-Store Customer-Pay Parts & Service Sales

Houston-based Group 1 Automotive — which operates 112 dealerships and 28 collision centers in the United States and United Kingdom — saw its parts and service sales increase 9.3 percent to $213.10 million in the first quarter of 2012. Gross profit from parts and service sales rose 7.7 percent to $111.29 million.

The sales increase was primarily driven by higher customer-pay parts and service revenue. Group 1 also realized increases in its wholesale parts and collision segments. These increases more than offset a 4.3-percent decline in warranty parts and service revenue.

Same-store parts and service revenue was up 2.3 percent year-over-year. That breaks down as a 7.1-percent increase in customer-pay parts and service sales, a 10.8-percent rise in collision revenue and a 2.6-percent increase in wholesale parts sales, partially offset by a 12.4-percent drop in warranty parts and service revenue. Warranty parts and service revenue was down because of a general decrease in recall activity.

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