Penske F&I revenue dips 3.8%, days’ supply down
‘It’s difficult to predict what demand looks like in the near term’
Penske Automotive’s finance and insurance revenue dropped in the first quarter as used inventory shrank. Finance and insurance (F&I) revenue dropped 3.8% year over year to $198.2 million, according to the company’s April 30 earnings release. F&I made up 3% of Q1 revenue, down 20 basis points (bps) YoY, and 18.3% of gross profit, down120 […]
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