By Kevin Krolicki DETROIT, April 29 (Reuters) - Major U.S. auto retail groups on Tuesday posted quarterly results that underscore their mixed success in offsetting pressure from slumping new vehicle sales through sales of used cars, financing and service operations. Penske Automotive Group Inc , the No. 2 U.S. dealership group by unit sales, and Group 1 Automotive Inc , the No. 4 dealership group, both reported earnings above analysts' expectations, sending their shares higher. Group 1 ...
Premium Content (PAID Subscription Required)
"WRAPUP 1-US auto retailers struggle to offset new car slump" 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:
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!
Current subscribers, please login or CLICK for support information.