Sonic Automotive Reports Record 2012 Sales


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%