Previous Issues | Current Headlines | Point of View | Obituaries


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.

We encourage you to add your comments below concerning this article.

Back To Story List