Peugeut

Group 1’s Q2 profits flat, hit by storm expenses

Group 1 Automotive’s net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S. declined, but profits per unit retailed rose.

Penske Automotive's Q2 net slips 0.7% on currency, interest costs.

Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.

A split heard round the industry

The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales

Sign up for our monthly sales report

We'll email you monthly U.S. sales data as soon as it's available, along with our commentary.

Newsletters