Czech car dealer AAA Auto makes first-quarter loss

Newswire

PRAGUE, May 30 (Reuters) - Czech used car dealership AAA Auto remained in the red in the first quarter as rising fuel prices dented demand in its main markets, the company said on Friday. AAA Auto booked a loss of 5.3 million euros ($8.3 million) in January through March, in line with its expectations, exceeding a loss of 4.8 million in the whole of 2007. It posted a net profit of 0.5 million in the same period of 2007. "Weakening demand ... was most likely a reaction to high oil prices, ...

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