Sonic Q1 net rises 4.7% on parts and service, F&I; revenue flatTue, 26, Apr 2016
Sonic Automotive reported net income rose 4.7 percent to $14.6 million in the first quarter from a year earlier. Despite the narrow gain, the auto retailer reported a decline in gross profits on new and used vehicles amid weaker new-vehicle sales.
As EchoPark grows, so does Manheim's reconditioning operationSat, 09, Apr 2016
Manheim's retail reconditioning operation is expanding along with the expansion of Sonic's EchoPark stand alone used-car stores.