Group 1 Sees Growth in High-Mileage Cars

By Staff Writer July 27, 2018

Group 1 Automotive Inc. reported improved used-car results, due in part to a new focus on high-mileage units.
Total used vehicle gross profit per retail unit increased $69, to $1,128. This reflects a shift of over 2,000 units from wholesale to retail sales.
The Val-u-Line initiative Group 1 launched in the first quarter led to same-store used retail unit sales increasing 11 percent. Val-u-Line units grew to 10 percent of the mix.
Val-u-Line is a branded line of high-mileage used vehicles. These units are sold at existing stores.

Last modified on Friday, 27 July 2018 19:34

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