Asbury Auto profit down on lower vehicle sales

Newswire

STAMFORD, Conn., Feb 27 (Reuters) - Auto dealer Asbury Automotive Group Inc. on Thursday said profit fell in the fourth quarter, hurt by lower retail sales of new and used vehicles and higher expenses. Income from continuing operations before taxes and minority interest was $10.2 million, compared with $12.9 million a year ago. Revenue fell 2 percent to $1.1 billion. Revenue at dealerships open at least one year, or same-store sales, declined 5.7 percent. Asbury, based in Stamford, ...

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