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Wednesday, April 25, 2012

ALERT: Dealer groups report gains in Q1 profits

BREAKING NEWS ALERT April 25, 2012
 
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Dealer groups report gains in Q1 profits
From staff, wire reports
The nation's largest auto dealership groups, boosted by U.S. customers buying fuel-efficient vehicles in response to high gasoline prices, are reporting gains in first-quarter profits. AutoNation, the largest U.S. dealership group, today reported net income of $73 million in the first three months of 2012, up 5.1 percent from a year earlier.
 story 
 image AutoNation dealerships, which include this Mercedes-Benz store in Fort Lauderdale, Fla., boosted new-vehicle revenue by 11.7 percent in the first quarter. (Bloomberg)
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