Group 1 Automotive reported a 5% increase in F&I profit per vehicle in the first quarter, leading the six biggest publicly traded U.S. auto groups, five of which reported year-over-year gains. +
AutoNation has acquired Groove Ford and Groove Mazda of suburban Denver from Summit Automotive Partners, completing the selloff of Summit’s Colorado Groove stores that started last year. +
The “Big 6” publicly traded U.S. auto dealer groups are growing in size, sales and profitability as they hold onto the top positions in Automotive News’s annual ranking of the Top 150 Dealership Groups. +
Five of the Big 6 publicly traded dealer groups are generating at least $2,000 in F&I gross profit per vehicle retailed, according to the latest quarterly report from Automotive News. +
AutoNation divested eight dealerships as part of a broader portfolio strategy shortly after a third quarter that the nation’s No. 1 auto retailer said led to a 24% drop in net income. +
Stivers Automotive Group, with the assistance of the Dave Cantin Group, expanded its presence in Georgia with the acquisition of a Ford dealership from AutoNation. +
