Sonic Breaks Used Sales Record & Hits Goal of 100 Units Per Store

By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
CHARLOTTE, N.C. –
As the public dealer groups began reporting their second-quarter performances in full force, Sonic Automotive revealed it reached an all-time high for used sales.
The company sold a record 28,514 pre-owned units in Q2.
Pre-owned units sales per store per month were up, as well, reaching 100 units in May and 93 units for the second quarter as a whole. The company has been working toward the per-store goal reached in May for over three years, company management shared.
Jeff Dyke, Sonic's executive vice president of operations, stated, "We had a fantastic quarter, achieving another significant milestone. In the month of May, we retailed 100 pre-owned vehicles per store per month. This was a goal we set for ourselves over three years ago and we know we can continue to build on this accomplishment."
The dealer group’s soaring used sales pushed pre-owned revenue up by 12 percent or $64.9 million.
And used sales weren’t the only metric to reveal a record.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
Sonic also reported all-time record quarterly fixed operations gross profit in Q2 of $159.9 million, up 8.7 million or 5.8 percent year-over-year.
Lastly, the company also announced an all-time record total gross profit of $364.9 million, up 23.1 million of 7.1 percent from the year ago period.
Editor’s Note: Stay tuned to Auto Remarketing for more analysis on Sonic’s Q2 performance.