Asbury Auto profit jumps as car sales boosts easier credit

October 21 (Reuters) – US auto dealer quarterly profit Asbury Automotive Group Inc. jumped 43 percent easier for customers to credit helped the company sell more imported cars.

Turnover of Asbury selling new cars midrange imported rose 7 percent, while sales of new luxury cars rose 5 percent.

The two categories accounted for about 85 percent of sales of new car sales company. Asbury gets more than two thirds of its total revenue from the sale of new cars.

Auto sales in the United States in the third quarter was the best in eight years, with sales rising about 9 percent in September, according to the research firm Autodata.

Asbury sells new and used cars made ​​by BMW, Mercedes-Benz, Lexus, Honda Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp., among others.

Net income increased to $ 32.5 million Asbury, or $ 1.08 per share for the third quarter ended Sept. 30, from $ 22.7 million, or 73 cents per share, a year earlier.

Revenue increased 8 percent to $ 1.51 billion.

Analysts on average expected earnings of $ 1.07 per share and revenue of $ 1.51 billion, according to Thomson Reuters I / B / E / S.

Asbury shares closed at $ 65.30 on the New York Stock Exchange Monday.

HMSI Trumps Hero Dhanteras sale; Auto Stocks Soar

 Japanese two-wheeler major Honda Motorcycle and Scooter India (HMSI) on trumped his hero became a partner-rival MotoCorp sales Dhanteras, sources told NDTV.

HMSI, which is expanding its footprint across the country, has sold 1.65 lakh two-wheelers on October 21, according to sources. Hero Honda Motors, the largest manufacturer of two-wheelers in India, managed to sell 1.5 lakh units on Dhanteras, the company said in a statement to the Bombay Stock Exchange.

Dhanteras is considered an auspicious day for gold, silver and other valuables in India purchase.

Hero Honda Motors said its sales increased by 40-50 percent in the previous report Dhanteras. Strong sales growth Dhanteras triggered buying auto stocks today. Self-sub BSE index jumped nearly 2 percent compared with a 0.8 percent gain in the broader Sensex.

Hero MotoCorp shares traded with over 3.5 per cent gains making it the top winner on the Nifty 50 Index share in morning trading. The stock also hit its 52-week high today. HMSI is not.

Bajaj Auto rose 2.1 percent if based in Chennai TVS Motor was down 1 percent. The number of sales is not known.

HMSI and Hero Honda Motors are locked in a battle for market leadership in the domestic market for two-wheelers which is poised for strong growth as the economy turns. Hero Honda Motors is the market leader in motorcycles, while HMSI is the dominant player in the scooter segment actor.

When HMSI separates from Hero Honda Motors in 2010, it was just one Manesar plant. Last week, the Japanese main laid the foundation stone of its fourth plant in Gujarat.

For the year 2013-14, HMSI clocked 36.50 percent year on year volume growth, against the volume growth of Hero Honda Motors 3.43 percent, according to SIAM data.

An Overview On Byke Dotheton Triangle

Bike racing is loved by people of all ages. Youngsters are the ones who show great interest to participate in bike racing. Many local and international bike racing takes place then and there. When some people love to take part in bike racing, there are some people who are extremely crazy about watching the motor show. Each people have their own favorite bikers and biking team. The byke dotheton triangle members are loved by many people. They have a huge fan following. Their extreme talent in bike riding has made them popular among people. If you could check online you can find information about different bike races and motor shows taking place in your vicinity. Mostly bike racings will take place during weekends. This will make it possible for everyone to watch their favorite bike racing without any trouble. People do not only admire the bike racers, but also the bikes used by them. The bikes used by the riders are customized in a unique way. Each bike rider wants his bike to me admired by the onlookers. They love to show their identity through their bike. There are some fans who love to have the same bike like their favorite bike champion’s.

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