Newswire

Auto dealer Group 1 posts quarterly loss

DETROIT, Oct 28 (Reuters) - Group 1 Automotive Inc. reported a third-quarter loss on Thursday as lower margins on new and used vehicles and weather-related losses hurt its results.

The car dealership group said it lost $9.6 million, or 42 cents per share, compared with a profit of $21.7 million, or 92 cents a share, in the year-ago quarter.