4Q23 & FY23 Financial Results
Business Diversification
Parts & Service business provides stability in economic cycles
Parts & Service
is the heart of Group 1's
40%
business model and generates
of total gross profit
Revenue*
Gross Profit*
4%
12%
25%
■Finance & Insurance
2023
Fixed Absorption
110%*
34%
Parts & Service
40%
Used Vehicles
Parts & Service is a hedge to economic cycles.
■New Vehicles
Historically declined around mid-single digits during a
recession, which provides stability to help offset the
cyclical nature of new vehicle sales.
10%
49%
25%
*May not add to 100% due to rounding; based on 2023 full-year results;.
** Fixed absorption calculation: parts & service gross profit divided by total company fixed costs plus parts & service selling expenses
Group1Auto.com - Investor Presentation
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