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Group 1, Penske Automotive report dips in F&I revenue

Sonic Automotive’s F&I revenue rose 6.1% YoY in Q1

Aidan Bush

Retailers Group 1 Automotive, Sonic Automotive and Penske Automotive reported declines in new-vehicle sales and mixed finance and insurance revenue results in the first quarter. The retailers’ performances mirror declining new-vehicle sales and finance and insurance (F&I) revenue in Q1 by retailers Lithia Motors and Asbury Automotive, which cited poor weather and weakened demand after […]

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