4 of 6 publics see Q2 F&I gross profit drop; more decline possible
Auto September 3, 2023, 0 Comment 9Lithia 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.
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