F&I Products Quarterly Update: 2021 Third Quarter

Dealerships have benefitted significantly from the increase in vehicle prices over the last two years.  The average retail net profit per vehicle sold has increased to $1,134 for new vehicles and $1,028 for used vehicles, up from $368 and -$399 last year.  The average new car price has increased by over $5,000 compared to the end of 2020 from $40,000 to $45,031.  Used car prices are currently up 37% year over year.

F&I Products Quarterly Update 2021 Third Quarter