Used-vehicle shift pays off for public retailers

Sonic: Net income grew from record-high used-vehicle sales, F&I profits.
Group 1: Net income fell on after-tax charges, while revenues rose on strong growth in service and parts, F&I and used-vehicle sales in the U.S.
Asbury: Net income rose with gains in parts and service, F&I. Same-store new and used-vehicle sales fell.
Lithia: Net income rose after posting gains in all major dealership business lines except new-vehicle sales. Record-high second-quarter revenue.
AutoNation: While revenue dropped slightly, net income rose and new-vehicle gross profit per unit and F&I results grew
Penske: Reports on Tuesday
Source: Companies