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Sonic Auto’s Parts Revenue Up 1.3% In Q1

Sonic Automotive’s parts, service and collision repair sales rose 1.4 percent to $296.64 million in the first quarter of 2013, despite two fewer selling days year-over-year. Adjusted for days, overall parts, service and collision repair revenue would have increased 4.6 percent.

Parts revenue rose 1.3 percent to $157.49 million, while service revenue increased 2.2 percent to $127.68 million. Collision repair revenue decreased 5.8 percent to $11.48 million.

Customer-pay revenue was up 1.5 percent, while customer-pay gross profit was up 1.4 percent. Warranty gross was up 4 percent, led by several recalls — a trend management does not expect to continue.

Total parts, service and collision repair gross profit rose 1 percent to $144.23 million. Adjusted for the two fewer selling days, parts, service and collision repair gross profit would have increased 4.2 percent compared to the prior year period.

Parts, service and collision repair gross margin decreased from 48.8 percent to 48.6 percent.

Charlotte-based Sonic operates 111 dealerships across 14 states, representing 25 different brands of cars and light trucks. The company also has 20 collision repair centers.

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