DETROIT, July 29 (Reuters) - Sonic Automotive Inc. , the auto dealer group, on Tuesday reported weaker quarterly earnings as new dealerships failed to offset a drop in U.S. vehicle sales industrywide. The Charlotte, North Carolina-based company said second-quarter net earnings fell to $28.5 million, or 68 cents per share, from $31.5 million, or 71 cents, in the year-ago quarter. Analysts expected Sonic to between 61 cents and 77 cents per share, with an average of 69 cents, according to ...
Premium Content (PAID Subscription Required)
"Sonic earnings fall on weaker U.S. vehicle sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.