Auto dealer Asbury lowers earnings outlook


STAMFORD, Conn., Dec 20 (Reuters) - Auto dealer conglomerate Asbury Automotive Group Inc. said on Friday that it was cutting its full-year 2002 earnings outlook and lowering its forecast for next year because of a recent slowdown in new and used vehicle sales. Asbury was the latest in a series of leading automotive retailers to issue earnings warnings this month because of flagging industry sales. Asbury, which is based in Stamford, Connecticut, said it was cutting its forecast for 2002 ...

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