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2 publics see FI profit per car fall in Q4; 5 of 6 saw results drop compared with Q3
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2 publics see FI profit per car fall in Q4; 5 of 6 saw results drop compared with Q3
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2 publics see FI profit per car fall in Q4; 5 of 6 saw results drop compared with Q3
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Journal Article
2 publics see FI profit per car fall in Q4; 5 of 6 saw results drop compared with Q3
2023
Overview
Dan Clara, Asbury's senior vice president of operations, told investors and analysts on a Feb. 2 call that rising interest rates had not affected Asbury's ability to add F&I products to deals. Asked if higher interest rates would affect demand for vehicles in the second half of 2023, Asbury CEO David Hult said \"we think we'll be just fine\" should the Federal Reserve institute one or two more 0.25 percentage point rate hikes. Company CEO Mike Manley told investors and analysts in a Feb. 17 call that his group's plan is to grow CIG Financial at a \"very manageable speed\" on pace largely with the growth of the AutoNation USA used-vehicle-only business.
Publisher
Crain Communications, Inc,Crain Communications, Incorporated
