Asbury's net income rises despite lower new-car margins, higher floorplan costs

Gains in parts and service, used-vehicle sales and finance-and-insurance income boosted Asbury Automotive Group Inc.'s net income in the first quarter despite tighter new-vehicle margins, slipping same-store sales and a dramatic jump in floorplanning costs.

from Section Page News - Automotive News http://bit.ly/2DuUBf7