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Retailer Sonic Automotive’s franchised dealership finance and insurance revenue declined alongside lower new-vehicle sales in the third quarter. Charlotte, N.C.-based Sonic’s franchised F&I revenue fell 3.4% year over year in Q3 to $142.6 million, according to today’s earnings release. F&I gross profit per unit (GPU) was flat YoY at $2,599. Franchised new-vehicle retail sales declined […]
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David Thompson
David Thompson
David Thompson
