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Group 1’s Customer-Pay Revenue Up 5.7% In Q4

Houston-based Group 1 Automotive saw its consolidated parts and service gross profit rise 17.1 percent in the fourth quarter of 2013 as revenue increased 15.9 percent to $256.91 million. Same-store parts and service revenue grew 7.5 percent. That 7.5-percent revenue growth breaks down as increases of 5.7 percent in customer-pay, 13.7 percent in warranty, 10.8 percent in collision and 4.1 percent in wholesale parts.

U.S. parts and service revenue increased 5.9 percent to $219.63 million, while U.S. gross profit rose 6.8 percent.

Group 1 owns and operates 150 automotive dealerships, 190 franchises, and 37 collision centers in the United States, the United Kingdom and Brazil.

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