Subscribe
Retail

Sonic net income surges 24% in Q4

Sonic Echo Park used vehicle store
MB
By:
Melissa Burden
February 17, 2021 02:55 PM

Sonic Automotive Inc.'s record revenue, coupled with record finance and insurance gross profits, strong new-vehicle gross profits and more used-vehicle sales through its used-only EchoPark stores, helped boost its fourth-quarter earnings.

Featured Stories

Tariffs remain on autos, steel, aluminum despite Trump’s reciprocal duty pause
Tariffs remain on autos, steel, aluminum despite Trump’s reciprocal duty pause
Dealership buy-sell database updates: AutoNation, Top 150 groups among dealmakers across 6 states
Dealership buy-sell database updates: AutoNation, Top 150 groups among dealmakers across 6 states
Lincoln to keep importing Nautilus from China, but price increase ‘likely’ if tariffs persist
Lincoln to keep importing Nautilus from China, but price increase ‘likely’ if tariffs persist
BMW considers boosting output at U.S. plant by up to 80,000 units
BMW considers boosting output at U.S. plant by up to 80,000 units

Latest News

Live updates on tariffs: Suppliers demand up-front payments
Mitsubishi holds imports at U.S. ports in response to tariffs, lowers April incentives
GM to idle CAMI BrightDrop plant in Ontario for summer
Take a look at how tariff stacking impacts vehicles and parts
Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Dealer, safety and consumer advocate Jack Fitzgerald Jr. dies
Tariff-linked price hikes to hit Canada’s new-vehicle market soon, dampen 2025 sales
CarMax stock plunges 17% after removing financial targets
Daily 5 report for April 10: Why CarMax shares plunged after Q4 profits surged 79%
Staying current is easy with newsletters delivered straight to your inbox.