Economy Down, Sonic Automotive Up


Despite a soft­en­ing econ­o­my and weak auto sales, Son­ic Auto­mo­tive has been able to post stronger rev­enue and earn­ings when com­pared with 2006. The mega-deal­er reports stronger sales of used vehi­cles to cov­er the weak­ness in new vehi­cle sales. The out­look for 2008 is much the same with slow­ing sales of new vehi­cles but stronger used vehi­cle sales and increased rev­enues from fixed oper­a­tions.