CARY, N.C. –
EFG Companies president and chief executive officer John Pappanastos returned to the Auto Remarketing Podcast to elaborate about the company’s updated 2020 predictions for the retail automotive and F&I market.
As the U.S. economy experiences the pandemic-driven downturn, EFG predicts continued softness in light-vehicle sales with greater downside performance risk than upside opportunity. While economic challenges may persist for the remainder of the year, EFG also sees evidence that dealerships are successfully managing the impact, and strength in F&I is boosting revenue.
To listen to the entire conversation, click on the link available below, or visit the Auto Remarketing Podcast page.