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AutoNation acquiring CIG Financial to form captive

Lithia Motors’ F&I revenue rose 5.49% QoQ

Riley Wolfbauer

AutoNation has announced an agreement to acquire CIG Financial for $85 million to launch a captive finance arm.  The transaction is expected to close within 90 days, AutoNation Chief Executive Mike Manley said Thursday during the company’s earnings call, noting that CIG provides the Fort Lauderdale, Fla.-based retailer with technology and captive financing capabilities, and […]

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