Marine interest rates top 9%, quell consumer appetite
Rising interest rates are dampening consumer demand for boats and pushing down sales at marine manufacturer Brunswick and marine retailer ...
Tag: finance and insurance
Penske Auto floorplan interest expense jumps 242% YoY
Penske Automotive logged an increase in floorplan interest expense in line with other publicly traded automotive retailers in the second ...
Group 1 F&I revenue flat as floorplan expense surges
Group 1 Automotive’s finance and insurance profits remained steady in the second quarter as finance penetration decreased amid high interest ...
Lithia Motors F&I revenue down 2% YoY in Q2
Lithia Motors showed declining finance and insurance revenue while nearly doubling its floorplan interest expenses quarter over quarter. Finance and ...
AutoNation Finance penetration reaches 20% in June
AutoNation Finance’s loan penetration increased in AutoNation storefronts during the second quarter while finance and insurance revenue ticked up and ...
Vroom F&I profit up 131% YoY
Vroom’s finance and insurance profit ticked up in the first quarter as overall e-commerce gross profit benefited from units held ...
Listen: Capital One, CPS, GM Financial report earnings to mixed results
First-quarter earnings continued last week, with Capital One Auto Finance, GM Financial and Consumer Portfolio Services reporting mixed results, in ...
Auto retailers’ F&I revenue drops, floorplan expenses rise
Auto retailers’ finance and insurance revenue dipped in the first quarter while floorplan interest expenses rose nearly across the board ...
