Group 1 Automotive came through with $378.17 million in total parts and service revenue for the second quarter of 2019 — an increase of 5.6% (up 6.8% in constant currency). Same-store revenue increased 7.9% to $372.30 million (up 9.1% in constant currency). U.S. same-store parts and service revenue rose 10.1% to a record $307.09 million. This breaks down as …
• U.S. same-store customer-pay parts and service revenue up 11.9%.
• U.S. same-store warranty parts and service revenue up 14.7%.
• U.S. same-store wholesale parts revenue up 6.8%.
• U.S. same-store collision revenue up 4.0%.
Group 1’s total parts and service gross profit rose 4.6% to $204.10 million (up 5.8% in constant currency). On a same-store basis, parts and service gross profit increased 6.0% to $200.25 million (up 7.2% in constant currency). U.S. same-store parts and service gross profit came in at $165.18 million — up 8.7%, with growth in all sectors of the business, especially customer-pay and warranty.
As of June 30, 2019, Houston-based Group 1 owned and operated 230 franchises, representing 31 brands of automobiles, at 178 dealership locations and 47 collision centers worldwide. In the United States, the company had 148 franchises at 116 dealerships and 29 collision centers.