Lithia Motors credits record F&I revenue to high demand in Q3

Amid inventory crunch, dealers remain profitable

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© Can Stock Photo / welcomia

Lithia Motors posted record high finance and insurance (F&I) revenue in the third quarter, credited to pent-up consumer demand. The new- and used-vehicle retailer’s F&I revenue totaled $297 million, an increase of 85% year over year and 10% sequentially, accounting for 4.7% of the retailer’s total revenue and 24.3% of its gross profits, according to […]

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