F&I revenues climb at Group 1, fall off at Asbury | Auto Finance News | Auto Finance News

F&I revenues climb at Group 1, fall off at Asbury

Photographer: Bloomberg/Bloomberg

Automotive retailers Asbury Automotive and Group 1 Automotive are increasing cash reserves as vehicle sales drop amid the coronavirus pandemic, according to first-quarter earnings reports released today. F&I revenue performance was mixed between the two retailers. Asbury Automotive increased its cash and cash equivalents by a staggering 11,003% during the first quarter in response to […]

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