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November 1, 2016 - Industry News

AutoNation Continues Living Above $1,600 Per-Copy in Q3

For the third time this year, AutoNation's F&I department has cracked the $1,600 per-copy mark. But the big news is the group's intention to open used-only dealerships in 2017. They will be called AutoNation USA stores, and will feature noncommission-based sales associates and negotiation-free pricing.

Tags: AutoNation, Financial Report, Q3, Quarterly Earnings

October 27, 2016 - Industry News

Lithia: Right People, Pay Plans and Product Deliver Record F&I Performance in Q3

Record-setting F&I, a strong used-vehicle segment, and gains in parts and service paved the way for a year-over-year improvement in total gross profit for Lithia Motors during the period.

Tags: F&I, Financial Report, Lithia Motors, Third Quarter

October 26, 2016 - Industry News

Group 1 Automotive Chooses Margin Over Volume in Q3

Margin over volume was the message coming out of Group 1 Automotive during its third-quarter earnings call. The dealer group reported that a sharp decline in unit sales offset improved new-vehicle margins, as well as gains in F&I and parts and service.

Tags: Financial Report, Group 1 Automotive, Third Quarter

April 28, 2016 - Industry News

Group 1's U.S. F&I Operations Delivers Record Q1 Performance

The dealer group's U.S. F&I operations increased its per-copy average by $26 to a record $1,564. Including operations in the United Kingdom and Brazil, the group's consolidated average increased 0.7% to $1,385.

Tags: Financial Report, First Quarter, Group 1 Automotive

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