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Sonic Automotive, Inc. operates as an automotive retailer in the United States. As of March 19, 2009, the company operated 164 dealership franchises at 135 dealership locations, representing 33 brands of cars and light trucks, and 31 collision repair centers in 15 states. Its dealerships provide various services, including the sale of new and used cars, and light trucks; the sale of replacement parts, as well as the performance of vehicle maintenance, warranty, paint, and repair services; and the arrangement of extended service contracts, financing and insurance, and other aftermarket products for its automotive customers. The company was founded in 1997 and is headquartered in Charlotte, North Carolina.
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704-566-2400 |
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704-536-4665 |
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See Also: Auto Dealerships Page
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For the nine months ended 30 September 2006, Sonic Automotive, Inc.'s revenues rose 11% to $6.01B. Net income from cont. ops. fell 9% to $70M. Revenues reflect higher new unit sales at both the import & domestic stores due to the introduction of used vehicle retail strategy. Net income was offset by increased depreciation & amortization charge due to acquisitions, higher same store advertising expense and increased same store compensation expense.
