Sonic Automotive raises hourly employee minimum wage following Q2 earnings
Sonic Automotive has raised the minimum wage for all hourly employees following the company’s strong performance in the second quarter ...
Tag: Sonic Automotive
Sonic Automotive F&I revenue increases 60% YoY
Inventory continues to remain low at dealerships, but dealers like Sonic Automotive, AutoNation, Asbury Automotive and Lithia Motors continue to ...
Q3 brings positive F&I for Sonic, Asbury
More consumers are shopping digitally due to the pandemic, and while moving financing completely online remains a challenge, it has ...
Car sales increase in tandem with used-vehicle values
Wholesale used-vehicle prices are on the rise, increasing 6.6% in the first 15 days of June compared with May, bumping ...
Fintech CarOffer creates used-car ‘stock exchange’
Auto lenders are using a new, digital, wholesale sales platform to liquidate their off-lease inventory and repossessions, Bruce Thompson, chief ...
RumbleOn Plans to Grow Revenue Beyond $100M in 2018
RumbleOn, the online used-motorcycle retailer, estimates that it will have revenue that exceeds $100 million by yearend 2018, the company ...
RumbleOn Secures $25M in Floorplan Financing From Ally
Online used-motorcycle retailer RumbleOn has secured a floorplan line of credit for up to $25 million from Ally Bank, the ...
Sonic Automotive to Accept Motorcycle Trade-Ins Through RumbleOn Partnership
© Can Stock Photo / luknaja Online motorcycle retailer RumbleOn partnered with Sonic Automotive in December 2017 to allow the ...
