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Sonic Automotive powersports F&I revenue up 42.4% in Q3

Vehicle sales climbed as retailer eyes more powersports acquisitions

Johnnie Martinez II

Sonic Automotive’s powersports finance and insurance revenue rose in the third quarter as vehicle sales increased and management signaled plans for additional acquisitions.  Powersports finance and insurance (F&I) revenue reached $4.7 million, up 42.4% year over year, according to the retailer’s Oct. 29 earnings release. F&I gross profit per unit (GPU) increased 7.7% YoY to […]

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