Toyota brand sales fell 4.8 percent in April to 162,506 as a large decline in sales of the Corolla dragged down record results from both the RAV4 and Tacoma.
Toyota brand sales fell 4.8 percent in April to 162,506 as a large decline in sales of the Corolla dragged down record results from both the RAV4 and Tacoma.
Higher F&I product sales and partnerships with both vendors and lenders bolstered F&I profit per vehicle for the nation's largest public retailers, though a changing sales mix from new to used vehicles could put pressure on F&I profit down the line.
Penske routinely ranks the lowest in F&I per vehicle among its public dealership peers. High F&I profit per vehicle is largely driven by F&I product sales and training, but that's not all that's behind it.
After nearly three decades of offering service contracts for new and used vehicles, AUL Corp. is expanding to a full suite of F&I products, positioning the company as a single-source F&I provider.
FCA and Toyota Motor posted lower April U.S. sales while Honda managed a slight gain in a month that is expected to see the industry post its first gain of the year, helped in part by an extra selling day. Lower retail volume will be offset by higher fleet shipments, analysts say.
The company grew its dealer sites for the first time in 10 quarters.