Below are the financial statements of Group 1 Automotive, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| New vehicle retail sales | 9,972.4a | 8,774.6a | 7,452.5a |
| Used vehicle retail sales | 6,179.9a | 5,693.5a | 5,673.3a |
| Used vehicle wholesale sales | 462.4a | 441.4a | 364.6a |
| Parts and service sales | 2,491a | 2,222.3a | 2,009.5a |
| Finance, insurance and other, net | 828.7a | 741.9a | 722.2a |
| Total revenues | 19,934.3a | 17,873.7a | 16,222.1a |
| Cost of sales | — | — | — |
| New vehicle retail sales | -9,254.5a | -8,007.6a | -6,627a |
| Used vehicle retail sales | -5,849.9a | -5,392.6a | -5,359.6a |
| Used vehicle wholesale sales | -465.7a | -445.2a | -364.6a |
| Parts and service sales | -1,123.2a | -1,008a | -905.8a |
| Total cost of sales | -16,693.3a | -14,853.4a | -13,256.9a |
| Gross profit | 3,241a | 3,020.3a | 2,965.2a |
| Selling, general and administrative expenses | -2,179.2a | -1,926.8a | -1,783.3a |
| Depreciation and amortization expense | -113.1a | -92a | -88.4a |
| Asset impairments | -33a | -32.9a | -2.1a |
| Restructuring charges | -16.7a | 0a | 0a |
| Other operating (income) expense | -10a | 0a | 0a |
| Income from operations | 909.1a | 968.6a | 1,091.4a |
| Interest expense | — | — | — |
| Floorplan interest expense | -108.5a | -64.1a | -27.3a |
| Other interest expense, net | -141.3a | -99.8a | -77.5a |
| Other expense | -0.7a | -4.5a | -1.2a |
| Income before income taxes | 658.5a | 800.2a | 985.3a |
| Provision for income taxes | -161.5a | -198.2a | -231.1a |
| Net income from continuing operations | 497a | 602a | 754.2a |
| Net income (loss) from discontinued operations | 1.2a | -0.4a | -2.7a |
| Net income | 498.1a | 601.6a | 751.5a |
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