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Lithia Motors F&I revenue down 2% YoY in Q2

Retailer’s floorplan interest expense surged 813% YoY

Joelle Anselmo

Lithia Motors showed declining finance and insurance revenue while nearly doubling its floorplan interest expenses quarter over quarter.  Finance and insurance (F&I) revenue came in at $337.9 million, a decline of 2.3% YoY, accounting for 4.2% of the retailer’s total second-quarter revenue and 24.4% of gross profits, according to the retailer’s earnings presentation today.  F&I […]

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