Sonic Automotive Sees Strong Earnings in Pre-owned Sales

- April 21, 2015

Son­ic Auto­mo­tive report­ed record first quar­ter earn­ings includ­ing record first quar­ter pre-owned units sold (28,135) from con­tin­u­ing oper­a­tions; as well as a record first quar­ter pre-owned gross prof­it of $40.8 mil­lion. The first quar­ter of 2015 also marked the first com­plete quar­ter of oper­a­tions for the company’s Den­ver-area pre-owned vehi­cle EchoPark stores, which retailed 660 units dur­ing the first quar­ter. Son­ic is get­ting ready to expand EchoPark into its sec­ond and third mar­kets in the near future.

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