Sonic’s Q3 EchoPark performance impacted by ‘off-rental supply headwinds’
EchoPark location in Birmingham, Ala. Image courtesy of Sonic Automotive.
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Sarah Rubenoff, Correspondent
Sonic Automotive’s third-quarter earnings report revealed its strongest quarter for franchised dealer revenues in the history of the dealer group, but the picture painted by results for its used-only brand — EchoPark Automotive —wasn’t quite as rosy, mainly due to expected pressure on vehicle gross margins and unexpected off-rental supply headwinds. The dealer group’s used-only […]
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