May 23, 2018

Sonic Sets Pre-Owned Record Featured

By Staff Writer April 29, 2018

Sonics Automotive Group Inc. reported higher used sales in the first quarter, but also lower gross profit.


The chain set an all-time record for quarterly pre-owned retail unit sales of 33,739 units.


However, Sonic also reported a decline in used gross per unit and an increase in wholesale loss. Sonic executives said this resulted from the company aggressively disposing of units to reduce its overall days' supply of used vehicles.

Last modified on Sunday, 29 April 2018 23:52