Bountiful_Harvest
3年前
The high prices of used cars may finally be dropping: Sonic Automotive president.
https://www.cnbc.com/2021/08/01/used-car-high-prices-may-finally-be-dropping.html
KEY POINTS:
The average transaction price for a used car was $25,410 in the second quarter of 2021, up 21% year-over-year, the highest average price for a pre-owned vehicle that Edmunds has ever tracked.
Several automakers, including General Motors and Ford, have cut new vehicle production due to semiconductor chip shortages, putting further constraints on inventory and driving up prices.
New car inventory is improving and the chip issues should alleviate in the months ahead.
Dyke says the market is leveling off, with prices dropping by as much as $2,000 for a used car over the course of July as the supply of new cars is starting to increase
All about SUPPLY and DEMAND!
“We’ve never seen this before where you have an inversion where wholesale prices are really higher than retail prices, but that’s all coming to an end.”
whytestocks
4年前
News: $SAH RM LAW Announces Investigation of Sonic Automotive, Inc.
BERWYN, Pa. , July 14, 2020 /PRNewswire/ -- RM LAW, P.C. announces an investigation on behalf of Sonic Automotive, Inc. ("Sonic Automotive" or the "Company") (NYSE: SAH) investors concerning the Company and its officers' possible violations of federal securities laws. ...
Got this from SAH - RM LAW Announces Investigation of Sonic Automotive, Inc.
whytestocks
6年前
News: $SAH Sonic Automotive Hosts Inaugural Women's Symposium
HOUSTON, April 26, 2019 /PRNewswire/ -- Sonic Automotive, Inc. (NYSE: SAH), is hosting its first women's leadership symposium in Houston, Texas on Sunday, April 28th at the Hotel Zaza. This marks the first in a series of leadership development programs the company is launchi...
In case you are interested https://marketwirenews.com/news-releases/sonic-automotive-hosts-inaugural-women-s-symposium-8064636.html
whytestocks
6年前
News: $SAH Sonic Automotive's EchoPark Profitable and On-Track to Exceed $1.0 Billion in 2019 Revenues
CHARLOTTE, N.C. , April 25, 2019 /PRNewswire/ -- Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter of 2019. EchoPark revenues of $249.6 million during the first quarter of 2019, up 89.8% from t...
Read the whole news https://marketwirenews.com/news-releases/sonic-automotive-s-echopark-profitable-and-on-track-to-exceed-1-0-billion-in-2019-revenues-8056776.html
Penny Roger$
13年前
Sonic Automotive, Inc. (Sonic) operates as an automotive retailer in the United States. As of December 31, 2010, the Company operated 135 dealership franchises at 118 dealership locations, representing 29 brands of cars and light trucks, and 25 collision repair centers in 15 states. Sonic’s dealerships provide services, including sales of both new and used cars and light trucks; sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services (collectively, Fixed Operations), and arrangement of extended service contracts, financing and insurance and other aftermarket products (collectively, F&I) for its automotive customers. During the year ended December 31, 2010, the Company disposed of 13 franchises. As of December 31, 2010, Sonic sold a total of 29 foreign and domestic brands of new vehicles.
http://www.google.com/finance?q=SAH
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Monksdream
9月前
