Sonic Automotive Archives

American Credit Acceptance names new CEO and COO, and other staff moves

American Credit Acceptance names Bynum CEO Subprime automotive lender American Credit Acceptance promoted Jason Bynum to chief executive and Tori ...

Retailers see triple-digit increase in floorplan expense

byRiley Wolfbauer

September 18, 2024

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Floorplan interest expense increased at publicly traded auto retailers with three retailers tallying triple-digit year-over-year increases, while finance and insurance ...

F&I revenue surges across the board in Q3

byAmanda Harris

September 18, 2024

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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

byRiley Wolfbauer

September 18, 2024

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Finance and insurance (F&I) revenue in the second quarter decreased year over year at two of the largest automotive retailers, ...

A row of 2016 Toyota Motor Corp. Camry vehicles sit on display for sale on the lot of the Peoria Toyota Scion car dealership in Peoria, Illinois, U.S.

Burns named as Exeter EVP and general counsel and other staff moves

byWhitney McDonald

May 6, 2022

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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

byAmanda Harris

September 18, 2024

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Following growth every quarter in 2021, finance and insurance (F&I) profits again ticked up year over year in the first ...

Used-car prices bounce back after giving US industry a scare

Sonic Automotive’s 2021 vehicle sales show YoY increase

byWhitney McDonald

February 16, 2022

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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 ...