Publics Report Decline in New-Vehicle Gross Profits

Analysts predict further declines while auto retailer CEOs predicted sustained gross profits higher than 2019.

Sonic Suspends Some EchoPark Operations

Company cites the impacts of lower used-vehicle availability and higher wholesale pricing as the reasons.

Report: Slow Sales Aside, Auto Groups Outperform Market

Kerrigan Advisors analysts say the stock prices for America’s seven publicly traded dealership groups are outpacing the broader U.S. equity markets and could soar higher on lower interest rates and new trucks.

Margin Compression Has Sonic Leaning on F&I, Fixed Ops

Charlotte, N.C. — Record-high used-vehicle sales, strong growth in fixed operations gross profit and a healthy F&I department helped deliver a strong four-quarter performance for Sonic Automotive in spite of continued new-vehicle pricing pressure. Sonic sold a record-setting 35,058 new vehicles on a same-store basis during 2015’s end-of-year quarter. Due to pricing pressure, however, new-vehicle ... Read More »

Major Dealer Groups Prepare to Top Records Set in 2012