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Sonic Automotive’s Parts Sales Rose 0.8% In Q3

Charlotte, NC-based Sonic Automotive saw revenue from its parts, service and collision repair segment (a.k.a. fixed operations) increase 1.3 percent to $290.90 million in the third quarter of 2012. Parts revenue rose 0.8 percent to $154.34 million, while service revenue increased 1.7 percent to $123.22 million. Collision repair revenue increased 4.4 percent to $13.34 million.

Overall fixed operations customer-pay revenue grew 1.6 percent during the quarter, while wholesale parts revenue was up 0.5 percent.

Total fixed operations gross profit came in at $142.14 million, which was up 1.7 percent over the previous year. Gross profit from parts decreased 0.1 percent to $49.76 million. Service gross profit increased 2.4 percent to $85.11 million. Gross profit from collision repair increased 6.9 percent $7.28 million.

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