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For the last decade, F&I contributions to Dealership profits remained on a steady upward run-rate. Concluding in 2008 with 52.1% F&I contribution to dealership profitability. Lower gross margins on the sale of new vehicles has increased the importance of F&I contributions.
CNW Market Research
60% of Dealers surveyed by Automotive News said that they did not make a profit on new vehicle sales after commissions in 2009. Dealer’s must renew their focus on F&I to compete in this competitive marketplace.
AN Staff Writer
Claremont Surety Group, Inc.
Claremont Surety is a finance and insurance service provider for new vehicle franchise dealerships. We assist today’s finest automotive dealers with superior financial service products, consulting, and training. Our fundamental offer is to provide wealth-creation opportunities, support, and strategies that produce meaningful results to the bottom line.