Each of America’s six largest publicly traded dealer group say gross profit per new vehicle retailed declined on a year-over-year basis in the third quarter, some by double digits. +
Group 1 Automotive has acquired a Mercedes-Benz dealership located in an uptown Atlanta neighborhood known for its high-rise office and condo towers and wealthy residents. +
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. +
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. +
