Sonic

Sonic Q1 revenue up, net income down on costs for new initiatives

9:06 am U.S. ET | April 21, 2015

Sonic Automotive reported a nearly 5 percent revenue increase in the first quarter, but a drop in net income mostly because of costs associated with its One Sonic-One Experience no-haggle program and EchoPark, its new used-car business....
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GM to cut production of Chevy Sonic, Buick Verano

11:02 am U.S. ET | Jan. 23, 2015

General Motors is cutting production of its Chevrolet Sonic and Buick Verano small cars amid higher-than-normal inventories, a sign that low gasoline prices could be weakening the sales outlook for small cars....
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Manheim stocks used cars for Sonic

12:01 am U.S. ET | Nov. 17, 2014

Sonic Automotive is contracting with Manheim to buy and stock used vehicles at a new-car store near Denver as part of an unprecedented pilot program....
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GM to cut 160 jobs at small-car plant near Detroit

11:38 am U.S. ET | Nov. 11, 2014

General Motors is laying off 160 workers and trimming production at the assembly plant where it makes the Chevrolet Sonic and Buick Verano amid weaker-than-expected demand for the small cars....
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Chevy to get another EV

12:01 am U.S. ET | Oct. 13, 2014

Chevrolet will broaden its green-vehicle offerings by adding an electric model to a lineup that includes the Volt plug-in hybrid and the Spark EV minicar....
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GM to expand Chevy’s green-model lineup

12:01 am U.S. ET | Oct. 7, 2014

GM plans to broaden Chevrolet's green-vehicle offerings by adding an electric model to a lineup that includes the Volt plug-in hybrid and the Spark EV minicar. GM global product chief Mark Reuss confirmed plans for the electric vehicle last week during a presentation to investors. He didn't identify the nameplate or disclose a timeline for its debut....
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Sonic details plans for used-car network

12:01 am U.S. ET | Aug. 18, 2014

Sonic Automotive is naming its new used-vehicle business EchoPark and eventually aims to put the stand-alone stores in more than 50 markets across the country....
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Happy Birthday, boss! Let's open some stores

12:01 am U.S. ET | July 28, 2014

Sonic Automotive President Scott Smith will get a special birthday present when he turns 47 on Oct. 20....
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At publics, buybacks beat acquisitions

12:01 am U.S. ET | June 23, 2014

Contrary to expectations, public dealership groups are spending more on stock buybacks than on U.S. acquisitions....
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PLAYING SMALL BALL

Chevy's making a big splash with Sonic, Spark

12:01 am U.S. ET | June 16, 2014

Long an also-ran in small-car sales, Chevy now outsells Toyota, Honda, Ford and Hyundai in the subcompact market while boasting incremental minicar volume, thanks to the success of the Sonic and Spark....
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Special Video Report
Nissan's Munoz: 'You grow or you go'

Nissan's Munoz: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
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