F&I Products Quarterly Update: 2024 First Quarter

New light-vehicle sales (SAAR) increased in the first quarter of 2024. Total vehicle registrations were up 3% through Q1 2024 compared to 2023 levels. We relied on the excellent Experian report/data for much of this information.

Selling F&I products with new and used vehicles is a proven path to increasing dealer profits. The total Vehicles in Operation (“VIO”) in the F&I sweet-spot grew 2.4% in Q1 2024.

There were nine 2024 Q1 M&A transactions in the F&I products industry.

FI Quarterly Update 2024 Q1