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Sonic Automotive Posts Record Gross Profits

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February 19, 2014—Sonic Automotive Inc., an automotive retailer, reported strong 2013 sales in an announcement made Wednesday.

Used retail unit and gross profit for 2013 reached 107,054 units and $150.4 million. Total revenues saw a total increase of 5.7 percent over 2012.

“We made great progress as we continued the process of preparing our company for the long-term growth,” said Jeff Dyke, Sonic Automotive’s EVP of operations. “I am very pleased with Q4 results that included our largest profit quarter in our history, absent the non-cash impairment charges.”

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