UPADTE 1-Asbury profit up despite weak retail sales

Newswire

(Recasts lead, adds revenue, sales) NEW YORK, July 26 (Reuters) - Asbury Automotive Group said on Thursday quarterly profit rose as strength in the parts and service units overshadowed weaker sales of new cars. The sixth-largest U.S. auto retailer by new vehicle sales said second-quarter profit increased to $20.6 million, or 62 cents per share, from $19 million, or 56 cents per share, a year earlier. Total revenue stayed roughly flat at about $1.5 billion. New vehicle sales fell ...

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