Tag Archives: profits

Consumer demand and short supply pushed up pricing on new- and used-vehicle sales, spurring third-quarter profits for all six publicly traded finance-and-insurance retailers. In a record-setting quarter amid the coronavirus pandemic, all six retailers raised same-store F&I profits by more than $ 100. Several public groups reported record-high F&I profit …

Finance-and-insurance profit per vehicle rose for all six publicly traded dealership groups in the second quarter as the industry absorbed the continuing impact of the coronavirus pandemic on operations. Earnings at the public dealership groups took a hit from the pandemic, though many reported better-than-expected figures for the quarter thanks …

Strict shelter-in-place orders brought on by the coronavirus pandemic severely hindered profits at publicly traded U.S. megaretailers in the first quarter. But despite showroom closures, slowing vehicle sales and economic uncertainty closing out the month of March, all six public groups posted gains in finance-and-insurance profit per vehicle. Public groups …

Alongside fixed operations, earnings from used-vehicle sales and finance and insurance generate the bulk of dealership gross profits today. But executives at the public groups warn that shifting focus to used-car sales may adversely impact F&I opportunities. For all six public dealership groups, F&I profits reached peak levels in 2019, …

All six of the nation’s public retailers boosted finance-and-insurance profits to unprecedented levels last year as pack leader AutoNation Inc. cleared $ 1 billion in total F&I revenue and gross profit — the highest on record for a public retailer. Executives at some of the nation’s largest retailers cited a …