Keith Crain

Asbury Q2 net income falls 11%

Asbury Automotive Group's net income in the second quarter dropped 11 percent to $36.7 million, the company said today as both new- and used-vehicle sales dropped. Revenue dipped 4 percent to $1.627 billion. Asbury said the drop was due mainly to “strategic divestitures” of select dealerships in the second half of 2015.

May cool heads prevail in Europe

Nobody likes uncertainty. When people and companies don't have the slightest idea what's going on, they panic.

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