United Auto Group's F&I Division Earnings Flat in 4Q
United Auto Group Inc. earned $59.3 million from its finance and insurance division during the final quarter of 2006, compared with $59.8 million during the same period the prior year.
United Auto Group Inc. earned $59.3 million from its finance and insurance division during the final quarter of 2006, compared with $59.8 million during the same period the prior year.
For the year, F&I volume totaled $249.6 million, an increase of 8.7 percent from the $229.6 million in volume during 2005.
Overall, Bloomfield Hills, Mich.-based United Auto reported net income of $31.1 million, or $0.33 per share, for the final three months of 2006, compared with net earnings of $5.2 million, or $0.06 per share, during the final quarter of 2005.
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