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Group 1 Customer-Pay Parts & Service Sales Up 3.5% In Q2

Group 1 Automotive’s parts and service revenue came in at $220.31 million (up 7.9 percent) and gross profit came in at $116.90 million (up 9 percent) for the second quarter of 2012.

Same-store parts and service revenue was up only 1.3 percent year-over-year. Management attributed the increase to a 3.5-percent rise in customer-pay parts and service sales, a 2-percent uptick in wholesale parts sales and a 0.4-percent increase in collision revenue. These increases were partially offset by a 4.6-percent drop in warranty parts and service revenue.

Group 1 owns and operates 122 automotive dealerships, 159 franchises, and 28 collision centers in the United States and the United Kingdom that offer 32 brands of automobiles.

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