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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

April 27, 2016 - Industry News

KBB: Low Fuel Prices Have Used-Vehicle Buyers Flocking to High-Performance Segments

Used-vehicle buyers are turning to sports cars in greater numbers thanks to low fuel prices, which are allowing them to forego fuel efficiency in favor of performance, KBB said this week.

Tags: Auction, Blue Book Market Report, First Quarter, KBB, Kelley Blue Book, Used Vehicle

May 19, 2015 - Industry News

Subprime Loan Percentage Falls to Lowest Level in Three Years

In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market, the lowest share since 2012, according to Experian Automotive.

Tags: deep subprime, Experian, Experian Automotive, First Quarter, Melinda Zabritski, subprime

May 7, 2015 - Industry News

Group 1’s U.S. F&I Operations Achieves Record PVR Average

The international dealer group’s U.S. F&I operations grew its F&I per-copy average $80 from a year ago to a record $1,538. Training and execution were the drivers, officials said.

Tags: F&I, F&I profit, First Quarter, Group 1 Automotive, Quarterly Earnings

May 7, 2015 - Industry News

Sonic Delays Further Rollout of Hybrid Process

Sonic executives said that until the group perfects its vehicle-pricing tool, the One Sonic-One Experience initiative will not expand beyond the five stores currently employing the program's hybrid sales and F&I process.

Tags: First Quarter, hybrid manager, One Sonic-One Experience, Quarterly Earnings, Sonic Automotive

May 5, 2015 - Industry News

Subprime Loan Percentage Falls to Lowest Level in Three Years

In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive.

Tags: deep subprime, Delinquencies, Experian, Experian Automotive, First Quarter, Melinda Zabritski, subprime

April 23, 2015 - Industry News

Lithia’s Drop in New-Vehicle Gross Per Unit Offset by Q1 F&I Performance

Lithia’s F&I operations grew its per-copy average by $52. The performance helped offset a $90 drop in new-vehicle gross profit per unit.

Tags: F&I profit, First Quarter, Lithia, Lithia Motors, Quarterly Earnings

April 23, 2015 - Industry News

AutoNation's PVR Average Surpasses $1,500

For the first time, the public dealer group’s F&I profit per deal average surpassed the $1,500 mark. Officials said the company will continue to emphasize F&I product sales as it preps for the launch of an AutoNation-branded maintenance contract later this year.

Tags: AutoNation, CFPB, Consumer Financial Protection Bureau, F&I products, First Quarter, Maintenance plan, Mike Jackson, Online Buying, Quarterly Earnings

April 21, 2015 - Industry News

Asbury’s Q Auto Stores a Work in Progress

The tablet-driven, fixed-price F&I process at Asbury’s Q Auto stores didn’t perform as well as the traditional F&I process employed at the group's core stores, but officials said they are happy with the new format’s progress.

Tags: Asbury Automotive, F&I process, First Quarter, mobile menu, Quarterly Earnings, used vehicles

June 24, 2014 - Industry News

Dealership Buy/Sell Activity Jumps 60% in Q1

The Kerrigan Quarterly Blue Sky Report also finds that blue sky pricing remains high for most franchises, with the market having established a pricing floor.

Tags: BMW, First Quarter, Honda, Lexus, Mercedes-Benz, Porsche, Report, Toyota, Vehicle Sales

April 8, 2014 - Industry News

Manheim: Used-Vehicle Values Increase in Early 2014

Despite the harsh weather, used-vehicle sales continued to motor along in the first quarter of the year. Keeping demand high were insurance vehicle replacements and tax refunds.

Tags: First Quarter, Manheim, used vehicles, used-vehicle sales

May 14, 2013 - Industry News

Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.

Tags: Auto Loans, Delinquencies, Experian Automotive, First Quarter, Repossessions

May 2, 2013 - Industry News

Group 1 Reports First-Quarter Performance

First-quarter net income was up 26.5 percent for the dealer group, while total gross profit grew 15.4 percent on 18 percent higher revenues.

Tags: First Quarter, Group 1 Automotive, Revenue

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