Thursday, April 27, 2023

Sonic Automotive Q1 net income drops 51%

Sonic Automotive Q1 net income drops 51% https://ift.tt/Tlg1HDM

Sales at Sonic Automotive's EchoPark brand rose 34 percent in the first quarter, but the auto retailer saw lower gross profits per new and used retail vehicles, as well as lower sales volume from its franchised dealerships.

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