Each of the publicly traded dealership groups in the third quarter posted year-over-year increases in average finance- and-insurance profit per vehicle retailed.
Asbury Automotive Group Inc. posted the largest percentage increase for the period, with an 18 percent rise to $2,254. Asbury was the only publicly traded dealership group to post a double-digit percentage increase. The next biggest uptick was from Group 1 Automotive Inc., with $2,477 in same-store U.S. third-quarter average F&I gross profit per vehicle retailed, up 9.7 percent.
Mirroring second-quarter performance, these six retailers kept their average F&I gross profit per vehicle retailed around $2,000 in the third quarter.