Cost EfficiencySelling, General, and Administrative expenses declined by 3% year-over-year as ERP investments and other cost-saving initiatives take hold.
ProfitabilityGross margins improved approximately 200 basis points year-over-year as management continues to further integrate CRMT into the Cox Automotive procurement partnership.
Vehicle PricesUsed vehicle prices grew by 2.4% year-over-year and remained largely flat quarter-over-quarter at elevated levels.