UPDATE 1-New-vehicle sales boost Group 1 profit

Newswire

* Q1 EPS $0.97 vs est $0.88 * Q1 rev $1.66 bln vs est $1.59 bln * New-vehicle sales up 16 pct to $912.6 mln * Used-vehicle retail sales up 28 pct to $415 mln (Adds details, indutry background) April 26 (Reuters) - Group 1 Automotive, one of the largest U.S. retail auto dealer groups, posted its biggest quarterly profit ever as sales of new vehicles surged and pricing improved. Group 1's market-topping results follow strong performances from peers AutoNation Inc and Lithia Motors Inc as ...

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