UPDATE 1-UnitedAuto quarterly earnings rise 38 percent

Newswire

(Adds earnings and revenue details, raised full-year forecast) DETROIT, July 28 (Reuters) - UnitedAuto Group Inc. on Wednesday posted a 38 percent rise in quarterly earnings, as the car dealership company was helped by higher sales of new vehicles and increased service and parts business. Bloomfield Hills, Michigan-based UnitedAuto said second-quarter earnings rose to $33 million, or 71 cents a share, from $23.9 million, or 58 cents, in the year-earlier quarter. Results include an ...

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