Publicly Traded Auto Groups Report Increased Supply

Incentive spending and discounts needed for some vehicles, they say.

Sonic Q1 Numbers Mixed

Major retailer sees big used-vehicle sales boost, but overall revenue, profit down.

AutoNation, Sonic Set Records as Publics Grow PVR

All six of America’s big publicly traded dealership groups enjoyed year-over-year gains in F&I profit per vehicle retailed in Q3, led by record highs at AutoNation and Sonic Automotive.

Beverly Hills BMW Sold in Recordbreaking Deal

The four-acre, 93,000-square-foot Beverly Hills BMW has been sold for $70 million, an amount billed as the highest ever paid to acquire a Los Angeles auto dealership.

Carvana Crashes Used-Vehicle Dealer Rankings

Carvana broke into the top 10 in its first appearance on Automotive News’ list of the nation's Top 100 Used Retailers, more than doubling its output to more than 94,000 units and outpacing the Asbury, Larry H. Miller, and Ken Garff groups.

Sonic Files Suit Against Former Employee for Luring Away Employees

JEFFERSON COUNTY, Texas — Sonic Automotive and Philpott Motors, which the dealer group owns, filed a lawsuit on Sept. 16 against multiple dealerships and a former employee for luring away employees. Kevin McCabe, who attended Sonic’s Leadership Academy Program in 2011 while working for Philpott Motors, left the dealership shortly thereafter and hired at least ... Read More »

Sonic Automotive to Start Used-Car Dealership Chain

CHARLOTTE, North Carolina— Sonic Automotive Inc., one of the country’s largest car-dealer companies, will open a chain of preowned-vehicle stores hoping to move on the turf of used-car retailer CarMax Inc, reported The Wall Street Journal. Sonic on Monday will announce the creation of EchoPark stores, with the first dealership opening in Denver this autumn, ... Read More »

Sonic, Ashbury Total Revenue Up in Q1

Three Dealer Groups Report Solid Q2 Profit Gains

Sonic Profits Up 24 Percent in Q1