M&A expert Dave Cantin on how today’s dealership acquisitions are shaping the future
2021 has been a record year for mergers and acquisitions in retail automotive. We’ve seen quite a bit of activity, so what does this mean for the year ahead? And...
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
Sonic Automotive
Sonic Automotive continues expansion of its franchised dealership network with the acquisition of Cook Volkswagen
CHARLOTTE, N.C. – November 9, 2021 – Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the acquisition of...
Dealership M&A activity reaching feverish pace in third quarter
For all of 2021, dealership sales, group mergers, and acquisitions have been occurring at a pace that defies convention. These profit centers have the ability to continue generating for the...
Sonic Automotive Pres. Jeff Dyke discusses $700M acquisition of RFJ Auto Partners
Sonic Automotive, one of the nation’s largest retailers, recently announced the acquisition of RFJ Auto Partners. RFJ Auto consists of 33 franchised and used vehicle dealerships. This deal, expected to...
Sonic Automotive Buys 33-store RFJ Auto Partners in deal worth $700 million
North Carolina-based Sonic Automotive has confirmed a blockbuster deal, announcing the purchase of the RFJ Auto Partners group. The enormous transaction adds 33 storefronts to the Sonic Automotive group. When...
Sonic Automotive Pres. Jeff Dyke discusses all-time record for quarterly revenue and EchoPark expansion
Sonic Automotive recently announced an all-time record quarterly revenue of $3.4 billion, that’s up 58.7% year-over-year. Plans for further expansion of EchoPark were also teased, so what does this mean...
Sonic Automotive reports record first quarter revenues and earnings per share
CHARLOTTE, N.C.-- Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2021. The financial...
How Sonic Automotive and EchoPark plan to keep up their momentum in 2021 – Jeff Dyke, President
Sonic Automotive is coming off a strong year in 2020 as it set records in sales and expanded its EchoPark used-car stores. Today, we speak with Sonic President Jeff Dyke...
David Smith, Sonic Automotive CEO arrested in Charlotte on assault charges
David Smith, CEO of Sonic Automotive, was arrested and charged with assault and strangulation this week. Smith was arrested by the Charlotte-Mecklenburg Police Department after a woman claimed that Smith...
CBT automotive newscast: September 17, 2020
Today’s Featured Interview:
How AutoNation is promoting diverse and inclusive hiring practices - Rock Anderson
Here at CBT, we strive to keep the conversation going on building diversity in the automotive industry....
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