Finance Insurance

Public new-vehicle retailers boost F&I profit per vehicle

Despite a 3.2 percent decline in U.S. new light-vehicle sales in the first quarter, according to the Automotive News Data Center, all six public new-vehicle dealership groups improved average F&I gross profit per vehicle. (BLOOMBERG)
May 01, 2019 02:26 PM

Higher F&I product sales and partnerships with both vendors and lenders bolstered F&I profit per vehicle for the nation's largest public retailers, though a changing sales mix from new to used vehicles could put pressure on F&I profit down the line.

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