2022 kicks off another year of growth for F&I profits at auto retailers
Following growth every quarter in 2021, finance and insurance (F&I) profits again ticked up year over year in the first ...
Tag: Group 1 Automotive
Group 1 F&I profits increase 26% in 2021
Group 1 Automotive posted strong finance and insurance (F&I) profits in the fourth quarter of 2021, credited to high vehicle ...
Sonic, Group 1 F&I profits soar in Q3 despite low inventory
Auto retailers continue to see strong profits amid crunched inventory and strong consumer demand, evidenced by the increases in finance ...
Group 1, Asbury F&I revenue hit hard by COVID-19
Vehicle sales and financing revenue were hit hard from April to June as production ground to a halt amid the ...
Coronavirus and the global auto market: Fragile recovery begins [Feature]
The coronavirus spurred one of the worst periods for vehicle sales in markets across the globe. When the COVID-19 virus ...
F&I revenues climb at Group 1, fall off at Asbury
Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales drop amid the coronavirus pandemic, ...
Dealer woes spur negative floorplan ABS outlook
Dealers may not have the financial stability to repay floorplan credit lines as the COVID-19 economic crisis collapse vehicle sales ...
AutoNation yearend F&I revenue hits $1B
AutoNation ramped up its finance and insurance revenue last year, increasing 4.3% to $1.02 billion by yearend, thanks to strong ...
