Autonomous Vehicle News
Rising interest rates and elevated vehicle prices during a time of broader inflation could make vehicle affordability an issue for dealerships and the car-buying public. This quarter's F&I special section in the next issue of Automotive News explores affordability from F&I and consumer perspectives. Lithia Motors Inc. CFO Tina Miller told investors her company anticipated the factors of consumer affordability and interest rates would push down Lithia's F&I gross profit per vehicle in 2023. Read more about affordability and F&I at Lithia and other major auto retailers and see fourth-quarter results in our latest F&I earnings roundup. Hurry and check it out before the Fed raises interest rates again.