New vehicle revenue increased 2.64% to $3.2B for the quarter.
Used vehicle revenue expanded 5.92% to $1.28B, led by 45.6% increase in wholesale revenue.
Segment revenue: Domestic: $2.04B (+9.4%); Import: $1.78B (-3.2%); Premium luxury: $1.68B (-4.6%).
Gross margin rate down 50 bps to 15%.
Segment income: Domestic: $83.9M (-11.3%); Import: $79.3M (-7.3%); Premium Luxury: $80.9M (-5.3%).
Operating margin rate slipped 50 bps to 3.9%.
Retail new vehicle unit sales fell 1.4% Y/Y to 88,322.
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