Sonic Automotive Reports Record 2012 Sales

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PR Newswire - February 20, 2013

Fol­low­ing in the path of oth­er megadeal­ers, Son­ic Auto­mo­tive, Inc. saw record sales fig­ures for the fourth-quar­ter 2012 and for the full year.

Get the facts and fig­ures on Sonic’s suc­cess­ful sales year.

For the full year 2012, the Com­pa­ny grew adjust­ed net income from con­tin­u­ing oper­a­tions by 19.6% to $1.71 per dilut­ed share com­pared to $1.43 per dilut­ed share in the pri­or year.

Q4 2012 High­lights – New Retail Vol­ume Out­paces Indus­try; Annu­al Cost Low­er than Tar­get

  • Record retail unit sales in full year 2012 of 231,192 units
  • Record Q4 Con­tin­u­ing Oper­a­tions Net Income of $28.8 mil­lion (1)
  • Total Q4 rev­enues up 10.4% over pri­or year quar­ter, up 11.2% for full year
  • New vehi­cle retail rev­enue up 15.7% in Q4, up 17.5% for full year
  • Used vehi­cle retail units up 6.3% in Q4, up 6.4% for the full year
  • Parts, Ser­vice & Col­li­sion gross prof­it up $3.7 mil­lion in Q4 to $140.9 mil­lion, a fourth quar­ter record, up $15.4 mil­lion for the full year to $568.9 mil­lion, an annu­al record
  • Full year SG&A to gross prof­it of 76.8%, bet­ter than annu­al tar­get of 78.0%

 

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