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quarterly earnings

Group 1’s F&I Per-Copy Average Jumps $65 in the U.S. Market

HOUSTON — Group 1 Automotive, an international dealer group with outlets in the United States, the United Kingdom and Brazil, raised its consolidated F&I profit per-copy average by $27 to $1,352. The group’s U.S.-based F&I operations continued to live $1,500 per copy. In the United States, the group’s F&I operations averaged $1,515 in F&I per ... Read More »

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AutoNation Posts $146 Q3 Increase in F&I Per-Copy Average

FORD LAUDERDALE, Fla. — Strong performances in all of AutoNation Inc.’s business sectors — particularly the group’s F&I operations, which continued to live above $1,500 per copy during the period — drove record third-quarter results for the nation’s largest dealer group. While F&I accounted for 4.3% of the company’s $5.1 billion in same-store revenue, F&I ... Read More »

AutoNation Posts $146 Q3 Increase in F&I Per-Copy Average

GM’s Profits Rise to $945 Million in Q1

DETROIT – General Motors on Thursday reported net income of $945 million for the first quarter of 2015. That compares to net income of $108 million for the Detroit automaker in the comparable period one year ago, reported MLive. GM’s earnings before interest and taxes increased to $2.1 billion, compared with an EBIT of $500 ... Read More »

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

MEDFORD, Ore. — Lithia Motors’ F&I operations realized a $52 increase in F&I profit per vehicle retailed, which settled in at $1,233 in the first quarter of 2015. The group’s F&I performance, coupled with the $97 increase in used-vehicle gross profit per vehicle retailed ($2,602), helped the 130-store dealer group offset lower new-vehicle gross profit ... Read More »

AutoNation Posts Record Fourth Quarter

FORT LAUDERDALE, Fla. — Stepping down after 15 years as president and COO, Mike Maroone said during the company’s quarterly investor call this week that he was “very optimistic” about AutoNation’s future. The dealer group realized record earnings per share from continuing operations in the fourth quarter 2014 and its strongest year in company history. ... Read More »

Ally ‘Highly Confident’ About Overcoming Boot From GM Leasing Program

DETROIT — Just days before it named Jeffrey Brown as its new CEO, Ally Financial’s then-CEO Michael Carpenter expressed surprise at a move by General Motors to put 100% of its U.S. Buick, Cadillac and GMC lease incentives in the hands of its captive, GM Financial. “While we were not surprised by the idea of ... Read More »

Ally Posts Near-Record Originations in Q2

NEW YORK — In the second quarter, Ally Financial Inc.’s auto franchise posted its second highest level of consumer auto originations in its history. The feat was driven by record decision applications and used-vehicle originations. Consumer financing originations totaled $10.9 billion for the quarter, up 11% year over year. The originations were comprised of $4.7 ... Read More »

Penske’s Quarterly Income Hits Historic High

AutoNation Sets F&I Record, Puts Lead Providers on Notice