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Sonic Automotive’s Q2 Service Revenue Climbed 3.1 Percent

Sonic Automotive reported higher fixed operations revenue and gross profit in the second quarter of 2012. Overall revenue for this segment (Sonic’s parts, service and collision repair operations) came in at $304.57 million, which was up 3.2 percent over the previous year. Gross profit increased 2.2 percent to $148.79 million.

Parts revenue rose 3.7 percent to $160.69 million in the quarter, while service revenue increased 3.1 percent to $130.76 million. Collision repair revenue decreased 1.1 percent to $13.12 million.

Overall customer-pay revenue increased 3.9 percent, wholesale parts revenue rose 8.1 percent and used vehicle reconditioning revenue grew 7.7 percent. Revenue from warranty work fell 7.9 percent.

At quarter’s end, Sonic operated 116 dealerships in 15 states representing 25 brands of cars and light trucks, as well as 24 collision repair centers.

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