Retail

AutoNation posts Q4 gains in most segments, except new vehicles

An AutoNation Mercedes-Benz showroom in Fort Lauderdale, Fla. While fourth-quarter new-vehicle revenue dipped 1.3 percent, AutoNation posted gains in used-vehicle, parts and service and F&I revenue. (DAVID PHILLIPS)
February 11, 2020 11:50 AM

Auto-retail giant AutoNation Inc. set an all-time record for same-store finance and insurance gross profit per vehicle, while it posted gross profit jumps in all business sectors despite a pull-back in new-vehicle sales.

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