UPDATE 1-Sonic earnings fall, trims full-year outlook

Newswire

(Adds details, share price, background) DETROIT, July 29 (Reuters) - Auto dealer group Sonic Automotive Inc. on Tuesday reported weaker quarterly earnings as new dealerships failed to offset a drop in sales of used vehicle sales industrywide. The Charlotte, North Carolina-based company also cut the top end of its earnings outlook for the full year. Sonic said second-quarter net earnings fell to $28.5 million, or 68 cents per share, from $31.5 million, or 71 cents, in the year-ago ...

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