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Group 1 F&I revenue grows 8%

Finance penetration rate falls 2 percentage points

Riley WolfbauerbyRiley Wolfbauer
February 2, 2024
in Earnings
Reading Time: 3 mins read
0

Group 1 Automotive’s finance and insurance profits increased in the fourth quarter while finance attachment rates were pressured.  The retailer’s finance and insurance (F&I) revenue came in at $187.1 million in Q4, increasing 8.3% year over year, according to the company’s earnings release. F&I gross profit per retail unit sold (GP PRU) remained flat YoY […]

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Tags: earningsfinance and insuranceGroup 1 AutomotivePremiumretail salesretailer earnings
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