FI showroom red and grey logo
MenuMENU
SearchSEARCH

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.

May 7, 2015
3 min to read


HOUSTON — Group 1 Automotive posted record earnings in the first quarter, driven by record first-quarter revenues of $2.4 billion — a $172 million increase. The international retailer’s U.S.-based F&I operations also posted an all-time quarterly record in F&I profit per vehicle retailed (PVR), with the group’s top F&I exec attributing the feat to training and execution.

Including its U.S., U.K. and Brazilian operations, F&I revenue increased 13.1% from a year ago to $94.6 million, with U.S. F&I revenues rising 13.3% to $87 million. On a consolidated basis, the group’s per-copy average rose by $72 from a year ago to $1,366. As for the group’s U.S. F&I operations, the group’s F&I PVR increased $80 to a record $1,538.

Ad Loading...

As for product sales, service contracts lead the way in the United States with a 42% acceptance rate, followed by GAP at 28% and paint sealant at 19%. Prepaid maintenance penetrated at a 10% clip.

“We think that where we are today is a comfortable position for the company,” said Peter DeLongchamps, vice president of financial services and manufacturer relations, during the group’s April 29 first quarter earnings call. “About a third of [our F&I PVR average] is related to lending activities and the remainder is product, which we have increased our penetration rates over the past few years.

“But at the end of the day, it has been training and execution …, the compliance that we have and audit procedures that we have in place help grow the business,” he added. “But there has been a lot of hard work and executive and good team work with our lenders and vendor partner.”

First quarter consolidated net income for the group totaled $35.8 million, with earnings per share climbing 23.5% from a year ago to a record $1.47 per diluted share. The group retailed nearly 40,000 vehicles on a consolidated basis, with U.S. sales accounting for 80.1% of that total. The group’s U.S. operations also accounted for 86.6% of total gross profit.

Revenues in the U.S. market totaled $2 billion, an 8.9% increase from a year ago. The revenue growth was driven by 5% and 10.6% increases in new- and used-vehicle sales, respectively, according to officials, as well as a 5.5% and 13.3% increases in revenues from parts and service, and F&I, respectively.

Ad Loading...

Asked about any updates regarding the Consumer Financial Protection Bureau’s impact on the F&I business, DeLongchamps said, “I guess the short answer is ‘No.’” He did note that the group rolled out the National Automobile Dealers Association’s fair credit compliance policy and program in the second quarter 2014. The compliance solution allows dealers to document reasons for discounting rate markups.

“We’re continuing work with our lending partners to ensure that we’re as compliant as possible in all of our dealerships,” he said. “So I don’t think there is any new development since the last time we talked.”

More Auto Finance

Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →
$100 bill and magnifying glass on top of paper that says insurance policy terms and conditions.
F&Iby Lauren LawrenceJune 29, 2026

Tariffs Could Raise Insurance Premiums

As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.

Read More →
Ad Loading...
Red toy car sitting on top of coins.
Auto Financeby Lauren LawrenceJune 24, 2026

Smaller Loans, Longer Terms

The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.

Read More →
Photo of man holding a car key
Auto Financeby Hannah MitchellJune 17, 2026

New Cars a Tad More Affordable

May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.

Read More →
Photo of a white toy car next to piles of coins
Auto Financeby Hannah MitchellJune 8, 2026

First-Quarter Sees Long Auto Loan Growth

Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.

Read More →
Ad Loading...
Assurant, Mastering Credit Friction, Sales Series, Expert Trainer Josh Krach
Auto FinanceMay 29, 2026

Mastering Credit Friction

In this video, Josh Krach explains how to turn credit friction into an advantage.

Read More →
Couple talking with auto salesman next to new car inside dealership
Auto Financeby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Photo of a loan contract on a desk
Auto Financeby Hannah MitchellMay 13, 2026

Auto Lenders, Consumers on a Tightrope

April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.

Read More →
Ad Loading...
black background with orange text saying Alec Hagey Toyota Financial Services President and CEO effective April 6 with picture of Alec Hagey
Auto Financeby Lauren LawrenceApril 6, 2026

Toyota Financial Services President Replaced

Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.

Read More →