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Sonic Automotive 2Q profit rises 32 pct

By Washington Examiner
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CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. said Monday that its second-quarter net income rose 32 percent, boosted by a jump in overall vehicle demand.

The Charlotte, N.C.-based auto retailer earned $28.2 million, or 47 cents per share, for the three months ended June 30, up from $21.4 million, or 35 cents per share, in the same quarter last year.

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