Group 1, Sonic Auto F&I revenue, sales rise
Group 1 Automotive and Sonic Automotive reported upticks in finance and insurance revenue and sales during the first quarter. Group ...
Tag: finance and insurance
General Motors Insurance on track to reach 20 states
GM Financial plans to expand General Motors Insurance to 20 states by yearend. Ahead of his retirement next month, GM ...
Carvana shares dip while originations soar 53.3%
Shares of Carvana fell by nearly 17% this morning following the retailer and lender’s latest earnings, which saw an increase ...
Podcast: CFPB halted, Q4 earnings continue
The Department of Government Efficiency, run by Elon Musk, effectively shut down the Consumer Financial Protection Bureau over the weekend, ...
Dealers shift focus to F&I as front-end margins decline
Auto dealers have refocused on increasing finance and insurance profits as front-end margins have declined from pandemic-era peaks. Front-end margins ...
Carvana originations up 35.5% YoY
Carvana’s originations jumped 35.5% year over year in the third quarter as sales increased. “We had record performance in virtually ...
Lazydays F&I dips 9.6% year over year
RV dealer group Lazydays’ finance and insurance revenue fell year over year in the second quarter following mixed sales performance ...
Podcast: ‘Weekly Wrap’ on originations, AI-driven lending
Tech-focused companies are looking for new ways to enter the auto space amid economic headwinds and fluctuating origination performances in ...
