4Q23 & FY23 Financial Results
Battery Electric Vehicle Parts and Service Outlook
Our dealerships are equipped to service all powertrain types
According to Edmunds.com
5-year repair and maintenance cost of ownership
000
Group 1's analysis shows that we generate
more revenue per repair order for vehicles
with alternative powertrains.
2023 Audi
2023 Audi
e-tron (EV)
$8,554
VS.
Q5 (ICE)
$8,478
BEVS still require repairs and maintenance, despite not
needing some common low-margin maintenance services
such as oil changes.
As vehicle complexity continues to increase, it
becomes more difficult for do-it-yourself and
independent service shops to compete against
franchised dealers who have the capital,
special tools, training, and software access to
make more complicated repairs.
Group1Auto.com - Investor Presentation
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