How Inflation is Impacting F&I Profit
Today, inflation continues to drive up prices across the automotive sector, including auto repair parts and labor costs. In fact, service contract repair claims have experienced double-digit increases, threatening the profitability of this vital source of revenue.
For the first time since 2011, the cost of parts exceeded the cost of labor.
In Assurant’s recent Global Auto Mechanical Repair Inflation Report, you’ll discover:
- What’s driving repair inflation
- Where repair inflation is trending now
- How employment trends drive up dealer costs
- How dealers can maintain F&I profitability in an inflationary environment
Assurant Dealer Services helps grow your business with forward-thinking F&I products, innovative digital retailing & productivity tracking solutions, and award-winning training for every area of your business. Our deep experience, focus on income development and flexible participation models will deliver the keys to unlock tomorrow’s value today.