Download: Inflation and F&I Profitability
How Lingering Inflation Is Impacting F&I Profit
Today, residual inflation from the COVID-19 pandemic remains a persistent challenge for retail automotive. To make matters worse, an older, higher-mileage pre-owned vehicle inventory coupled with higher labor costs is driving up repair claims severity. Our team is keeping tabs and keeping you informed.
We recently published the Assurant Inflation and F&I Profitability Report. In it, you’ll discover:
- Where we expect inflation to go in 2024
- When we expect claims severity to ease
- When the pre-owned vehicle market might normalize
- How dealers can help maintain F&I profitability despite inflation
Assurant Dealer Services helps grow your business with forward-thinking F&I products, innovative digital retailing and productivity tracking solutions, and award-winning training for every area of your business. Our deep experience, focus on income development, and flexible participation models are designed to unlock dealers’ full revenue potential.
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