U.S. auto dealer groups post higher profits

Newswire

DETROIT, July 30 (Reuters) - Two major auto dealer groups reported sharply higher second-quarter profits on Tuesday, driven by acquisitions of new franchises and strong sales of new vehicles. Sonic Automotive Inc. , the nation's second-largest dealer group, said earnings rose 40 percent, thanks in part to a chain of Cadillac dealerships it bought earlier this year. UnitedAuto Group Inc. said earnings jumped 83 percent as new-vehicle sales increased and profit margins improved. Their ...

Premium Content (PAID Subscription Required)

"U.S. auto dealer groups post higher profits" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×