Auto retailers’ F&I revenue drops, floorplan expenses rise

Auto retailers’ finance and insurance revenue dipped in the first quarter while floorplan interest expenses rose nearly across the board in tandem with improving new-vehicle supply.   Finance and insurance (F&I) revenue decreased at Asbury Automotive, AutoNation and Sonic Automotive in Q1, while floorplan interest expenses on a year-over-year basis jumped at AutoNation and Sonic […]