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Sonic Automotive’s Q1 Parts Sales Up 5.2%, Service Sales Up 4.4%

Sonic Automotive came though with $301.75 million in parts, service and collision repair (fixed operations) revenue in the first quarter of 2012 — up 5.1 percent over the previous year. Fixed operations gross profit increased 3.9 percent to $147.06 million.

Parts revenue increased 5.2 percent to $160.17 million, with gross profit up 2.5 percent to $50.86 million. Service revenue rose 4.4 percent to $128.91 million, with gross profit up 4.3 percent to $89.19 million. Collision repair revenue increased 11.4 percent to $12.67 million, with gross profit up 10.4 percent to $7.01 million.

Overall customer-pay revenue was up 8.6 percent, and wholesale parts revenue rose 12.9 percent. Warranty revenue was down 12.5 percent.

Charlotte-based Sonic Automotive is one of the largest automotive retailers in the United States with 118 dealerships across 15 states, as well as 24 collision repair centers.

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