Sonic Automotive, Inc
Stock Symbol: SAH
6415 Idlewild Rd
Sonic Automotive, Inc Industry:
Sonic Automotive, Inc Description:
Sonic Automotive, Inc. is one of the largest automotive retailers in the United States operating 187 franchises and 45 collision repair centers.
Sonic Automotive, Inc Financial Summary:
Sonic Automotive, Inc. is an automotive retailer thatoperates 189 dealership franchises at 139 dealership locations, representing 37 different brands of cars & light trucks. It also operates 40 collision repair centers in 15 states. For the 6 months ended 6/30/05, revenues rose 12% to $3.83B. Net income from continuing ops. fell 8% to $48.1M. Results reflect increased consumer spending, offset by higher interest costs.
Sonic Automotive, Inc Business Summary:
Sonic Automotive, Inc. is an automotive retailer operating mainly in the United States. As of March 1, 2005, the Company operated 192 dealership franchises, representing 38 different brands of cars and light trucks, at 159 locations and 40 collision repair centers in 15 states. These dealerships provide comprehensive services, including sales of both new and used cars and light trucks; sales of replacement parts; performance of vehicle maintenance; warranty; paint and collision repair services, and arrangement of extended warranty contracts, financing and insurance for the Company's customers. In 2004, 60.7% of Sonic Automotive's revenue was sourced from new vehicle sales; 16.1% was from the sales of used vehicles; 13.9% was from parts, service and collision repair; 6.7% was from sales of wholesale vehicles, and 2.6% was from finance and insurance.