Sunday, September 3, 2023

4 of 6 publics see Q2 F&I gross profit drop; more decline possible

Lithia Motors, Penske Automotive, Group 1 Automotive and Asbury Automotive all saw same-store F&I gross profit per vehicle decline year over year in second-quarter earnings, while AutoNation and Sonic Automotive posted increases. Analysts from Stephens and Jefferies said consumer affordability and the return of leasing would reduce gross profit in the future.



from Section Page News - Automotive News https://ift.tt/0r7C3d8

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