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Sonic Auto F&I revenue inches up

Floorplan interest expenses jumped 39% YoY 

Ash Savage

Finance and insurance revenue ticked up slightly in the first quarter for Sonic Automotive while floor plan interest expenses jumped to $20.3 million, up 39% year over year.  F&I revenue rose 1.8% sequentially and 0.12% YoY to $169 million in Q1, according to today’s earnings release.  Franchised stores  F&I average gross profit per unit (GPU) […]

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