Retailers see triple-digit increase in floorplan expense
Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance ...
Tag: Sonic Automotive
F&I revenue surges across the board in Q3
Finance and insurance (F&I) revenue jumped up on a year-over-year basis at each of the major automotive retailers in the ...
F&I revenue results mixed in Q2, Penske pauses captive push
Finance and insurance (F&I) revenue in the second quarter decreased year over year at two of the largest automotive retailers, ...
Burns named as Exeter EVP and general counsel and other staff moves
Burns named as Exeter EVP and general counsel Exeter Finance named Eldridge Burns as executive vice president and general counsel ...
2022 kicks off another year of growth for F&I profits at auto retailers
Following growth every quarter in 2021, finance and insurance (F&I) profits again ticked up year over year in the first ...
Sonic Automotive’s 2021 vehicle sales show YoY increase
Despite year-over-year declines in fourth-quarter vehicle sales, Sonic Automotive’s sales volume and finance and insurance (F&I) revenue increased YoY at ...
Nissan appoints Johnson and Younginer as vice presidents, and other staff moves
Auto Finance News presents industry staffing shuffles for the month of October. Nissan appoints Johnson and Younginer as vice presidents ...
Sonic, Group 1 F&I profits soar in Q3 despite low inventory
Auto retailers continue to see strong profits amid crunched inventory and strong consumer demand, evidenced by the increases in finance ...
