Record adoption of digital tools bolstered sales during the challenging environment produced by the coronavirus. Despite working for years on these efforts, public groups say the finance-and-insurance component still requires improvement. Public retailers credited a portion of their second-quarter rebounds to digital deals and paperless processes. While not every public …
Read More »Publics’ F&I profits skyrocket 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 …
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