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Auto retailers’ F&I revenue drops, floorplan expenses rise

Asbury, AutoNation and Sonic Automotive’s F&I revenue fell in Q1

Amanda Harris

Auto retailers’ finance and insurance revenue dipped in the first quarter while floorplan interest expenses rose nearly across the board in tandem with improving new-vehicle supply.   Finance and insurance (F&I) revenue decreased at Asbury Automotive, AutoNation and Sonic Automotive in Q1, while floorplan interest expenses on a year-over-year basis jumped at AutoNation and Sonic […]

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