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Group 1 Same-Store Wholesale Parts Sales Flat In Q3

Houston-based Group 1 Automotive reported higher parts and service revenue (up 7.1 percent to $224.90 million) and gross profit (up 8.1 percent to $118.12 million) for the third quarter of 2012. On a same-store basis, parts and service revenue increased only 0.4 percent to $210.84 million, driven primarily by a 3.6-percent rise in collision revenue. Same-store customer-pay, warranty, and wholesale parts and service revenue all were relatively flat when compared to the same period in 2011.

Same-store gross profit increased 0.9 percent to $110.18 million.

Group 1 owns and operates 121 automotive dealerships, 158 franchises, and 30 collision centers in the United States and the United Kingdom that offer 32 brands of automobiles.

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