Stop-sale backlog hits public groups' earningsMon, 02, May 2016
Several publicly traded dealership groups noted that cars and truck languishing for months on their lots under stop-sale orders due to recalls hurt their first-quarter earnings. The problem could linger into 2017.
Asbury Q1 net down 14%; will open used-car stores despite slow salesTue, 26, Apr 2016
Asbury Automotive's first-quarter net income dropped 14 percent to $31 million, pressured by softer new- and used-vehicle sales, even as revenue edged up 0.6 percent to $1.55 billion, the company said today.