UPDATE 1-Auto dealers see mixed results; Sonic off sharply

Newswire

(Adds Sonic comment, updates shares) By Justin Hyde DETROIT, Oct 28 (Reuters) - Shares of auto dealer group Sonic Automotive Inc. plunged 21 percent on Tuesday after its third-quarter earnings declined on poor sales at its Ford and Chrysler franchises. The news was better for another dealer group, Lithia Motors Inc. , as its third-quarter earnings rose 21 percent on additional stores selling more new vehicles, services and financing. Sonic and Lithia, along with other auto dealer ...

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