UPDATE 1-Penske Auto quarterly earnings slip


(Adds details) DETROIT, July 30 (Reuters) - Car dealership group Penske Automotive Group Inc posted slightly lower quarterly earnings on Wednesday as a sharp downturn in U.S. sales of new vehicles overshadowed solid used car sales. Net income slipped to $39.9 million, or 42 cents per share, in the second quarter from $40.4 million, or 43 cents per share, a year earlier. Income from continuing operations was 43 cents per share, up from 42 cents per share a year earlier. Revenue ...

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