Sonic’s F&I, fixed ops driving franchise dealer profitability
Image courtesy of Sonic Automotive.
Image courtesy of Sonic Automotive.
Sonic Automotive generated a record quarter for franchise dealer revenues of $3.4 billion, representing a 17% year-over-year increase and an 11% rise on a same-store basis. Fixed operations was a bright spot, helping to drive this success in the publicly traded dealer group’s latest quarterly report, with same-store gross profit up 8%, while same-store customer […]
November 09, 2026
Turn Automotive, a driveway appraisal and guaranteed offer platform, said Monday it has partnered with DealNow, whose technology dealers can use to buy vehicles from private sellers. The partnership is designed to give dealers, “one complete process for buying from the street.” Dealers can use Turn to inspect and appraise a vehicle without the seller […]
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November 06, 2026
Tom Kilgarriff describes McGovern Automotive Group president Matt McGovern as “a big proponent of used cars.” “All the stores are expected to sell used cars, and year to date we’re just about one to one used to new,” said Kilgarriff, who is group pre-owned manager for McGovern Automotive Group, who is Auto Remarketing’s 2026 Franchise […]
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November 06, 2026
During its third quarter earnings call, Cars.com launched Marketplace Starter, a no-fee self-service subscription plan aimed at independent dealers. The online marketplace sees attracting more independent dealers to list on its site as a key to long-term sustainability. “In keeping with our focus on development velocity, we launched our first self-service marketplace offering to better […]
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