Record-high used sales drive Q2 profits at Sonic

Sonic CEO David Smith said Thursday that Sonic plans to open four more EchoPark locations by this time next year. — Sonic plans to open four more EchoPark locations by this time next year. (TOM WOROBEC)

Jackie Charniga

July 25, 2019 05:34 PM

Profits soared at Sonic Automotive Inc. in the second quarter, driven by record-high used-vehicle sales and fatter finance and insurance profits.

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