Oct 22 (Reuters) - U.S. auto dealer Asbury Automotive GroupInc posted a 10 percent rise in quarterly profit helpedby the continuing recovery in the automobile industry.
Net income rose to $22.7 million or 73 cents per share, inthe third quarter, from $20.7 million, or 66 cents per share, ayear earlier.
Excluding items, Asbury earned 91 cents per share fromcontinuing operations.
Asbury said new-vehicles sales were up 13 percent andused-vehicle sales rose 33 percent in the quarter.
- Automotive Industry
- Asbury Automotive Group