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Sonic Automotive, Inc. Business Reports

Sonic Automotive, Inc. Overview

Address

4401 Colwick Rd. Charlotte, 
NC 28212 United States
Phone: 704-566-2400
Fax:704-536-4665

Sonic Automotive, Inc. Rankings

#339 in FORTUNE 500 (May 2011) 
#S&P 600 
#339 in FORTUNE 1000 (May 2011)

Company Description

No stranger to speed, O. Bruton Smith has raced Sonic Automotive to the front of the pack of US auto dealers behind larger rivals, such as AutoNation and Penske Automotive. Founded with five dealerships in 1997, Sonic today owns about 120 new- and used-vehicle dealerships and about 25 collision repair centers in major markets in 15 states, including Texas, the Carolinas, Tennessee and Georgia . The company sells some 30 brands of cars and light trucks and offers vehicle financing. Chairman Smith, who runs Sonic Automotive with his son Scott, is also the majority owner of Speedway Motorsports, which operates more than half a dozen NASCAR auto racetracks.

Sonic Automotive, Inc. Company Profile Report

Purchase Report
 
$69

Hoover's industry experts provide proprietary editorial analysis supplemented with content from multiple data sources to bring you the Company Profile Report. The depth of each report varies, so be sure to view the sample and review the report contents listed next.

 

Sections Included in Report

  • Company Overview
  • Company Description
  • People
  • Biographies
  • Historical Events
  • Industry Information
  • Financial Summary
  • Annual Income Statement
  • Quarterly Cash Flow
  • Annual Balance Sheet
  • Quarterly Balance Sheet
  • Annual Cash Flow
  • Quarterly Income Statement
  • Earning Estimates
  • Financial Market Data
  • Historical Financials
  • Competitors List
  • Competitive Landscape

Company Profile Report Highlights

  • Company Description

    Quickly grasp how a company operates and understand its current business environment.

  • Industry Information

    Identify the often times disparate industries a company does business in, and find the corresponding SIC and NAICS codes.

  • Biographies

    Learn the background and technology interests of the company's executives, to better understand possible growth directions.

  • Company History

    When you want to know where a company is going, you'll be helped by first knowing where it's been. Use this to get up tp speed on a company's history.

  • Key People

    Uncover the roles and responsiblities of the management team and identify the correct decision maker, so you are sure to talk to the right contact.

  • Company Financials

    Review key financial information to gauge health and growth potential.

Company Profile Report

Purchase Report
 
$69

    Choose below from the available Industry Reports related to 

  • Automotive Repair & Maintenance Services Industry Report
  • Automobile Dealers Industry Report
  • Automotive Oil Change & Lubrication Services Industry Report
  • Retail Sector Industry Report

Automotive Repair & Maintenance Services Industry Report

Purchase Report
 
$129

Overview

The US automotive repair and maintenance services industry includes about 165,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $85 billion. Major companies include Meineke (a division of Driven Brands), Midas, Monro Muffler Brake, Precision Auto Care, and Safelite Group. The industry is highly fragmented: the 50 largest companies generate less than 10 percent of revenue.

SIC: 7532, 7533, 7534, 7536, 7537, 7538, 7549, 7539, 7542

NAICS: 811192, 811191, 811198, 811122, 811121, 811118, 811113, 811112, 811111

 

Sample Questions & Answers

How does the company compete against large repair chains and car dealers?

The greater operational and pricing efficiencies of large shops allow them to take business from smaller shops, despite some having less convenient locations. Franchise chains, dealerships, and large shops also have advantages in buying, managing...

 

How does the company build trust with customers?

Because of the complexity of cars, consumers can't easily judge if a repair shop has treated them fairly. Polls consistently show that a high percentage of consumers believe that repair shops make unnecessary repairs, overcharge, or use inferior...

 

To read this full Call Prep Question and others, purchase the full report.

 

General Report Description

Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

 

Sections Included in Report

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

    Industry Report Highlights:

    • Recent Developments

      Stay up to date on crucial industry news that may affect your strategy.

    • Trends & Opportunies

      Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

    • Call Preparation Questions

      Gain instant rappart with prospects during youir sales calls using done-for-you call prearation questions.

    • Industry Forecast

      Identify growth and integrate projections in your own business planing.

    • Business Challenges

      Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

    • Executive Insight

      Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

    • Financial Information

      Increase your credibility and support your presentations by adding verifiable industry metrics.

    • Web Links & Acronyms

      Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

    Automotive Repair & Maintenance Services Industry Report

    Purchase Report
     
    $129

    Automobile Dealers Industry Report

    Purchase Report
     
    $129

    Overview

    The US automobile dealer industry includes about 45,000 new and used vehicle dealers with combined annual revenue of about $625 billion. Major companies include AutoNation, CarMax, Penske Automotive Group, and Sonic Automotive. The industry is highly fragmented: the top 50 companies generate less than 15 percent of revenue.

    SIC: 5511, 5521

    NAICS: 441110, 441120

     

    Sample Questions & Answers

    How does the company perform during adverse economic conditions or periods of weak consumer demand?

    Consumer demand for cars can vary significantly from year to year, due to a variety of factors, including changing economic conditions, consumer spending, inflation, and fuel prices. Sales for particular brands or styles are especially vulnerable to...

     

    How do fluctuating interest rates affect the company's business?

    Significant increases in interest rates can reduce consumer ability to buy cars and increase floor plan financing costs. Most customers buy vehicles with loans or leases. Dealer inventories are typically financed through variable interest rate loans.

     

    To read this full Call Prep Question and others, purchase the full report.

     

    General Report Description

    Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

     

    Sections Included in Report

    • Industry Overview
    • Quarterly Industry Update
    • Business Challenges
    • Trends and Opportunities
    • Call Preparation Questions
    • Financial Information
    • Industry Forecast
    • Website and Media Links
    • Glossary of Acronyms

      Industry Report Highlights:

      • Recent Developments

        Stay up to date on crucial industry news that may affect your strategy.

      • Trends & Opportunies

        Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

      • Call Preparation Questions

        Gain instant rappart with prospects during youir sales calls using done-for-you call prearation questions.

      • Industry Forecast

        Identify growth and integrate projections in your own business planing.

      • Business Challenges

        Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

      • Executive Insight

        Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

      • Financial Information

        Increase your credibility and support your presentations by adding verifiable industry metrics.

      • Web Links & Acronyms

        Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

      Automobile Dealers Industry Report

      Purchase Report
       
      $129

      Automotive Oil Change & Lubrication Services Industry Report

      Purchase Report
       
      $129

      Overview

      The US automotive oil change and lubrication industry includes about 5,000 companies with combined annual revenue of about $5 billion. Major companies include Jiffy Lube, Pennzoil 10-Minute Oil Change, Valvoline Instant Oil Change, and Texaco Xpress Lube. The industry is fragmented: the 50 biggest companies generate about 35 percent of revenue.

      SIC: 7549

      NAICS: 811191

       

      Sample Questions & Answers

      How have recent demand changes affected company sales?

      The number of miles consumers drive and the average age of cars affect demand for oil changes and other services. The number of miles consumers drive has grown slowly in recent years, but a greater number of older cars remain in operation. Total US...

       

      How does the company address increasing auto dealer competition?

      Many car dealers use low prices on oil changes to draw customers to service departments. Car dealers also benefit from the increased complexity of new cars, which can often be serviced best by dealers, as they typically own the latest diagnostic...

       

      To read this full Call Prep Question and others, purchase the full report.

       

      General Report Description

      Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

       

      Sections Included in Report

      • Industry Overview
      • Quarterly Industry Update
      • Business Challenges
      • Trends and Opportunities
      • Call Preparation Questions
      • Financial Information
      • Industry Forecast
      • Website and Media Links
      • Glossary of Acronyms

        Industry Report Highlights:

        • Recent Developments

          Stay up to date on crucial industry news that may affect your strategy.

        • Trends & Opportunies

          Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

        • Call Preparation Questions

          Gain instant rappart with prospects during youir sales calls using done-for-you call prearation questions.

        • Industry Forecast

          Identify growth and integrate projections in your own business planing.

        • Business Challenges

          Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

        • Executive Insight

          Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

        • Financial Information

          Increase your credibility and support your presentations by adding verifiable industry metrics.

        • Web Links & Acronyms

          Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

        Automotive Oil Change & Lubrication Services Industry Report

        Purchase Report
         
        $129

        Retail Sector Industry Report

        Purchase Report
         
        $129

        Overview

        The US breakfast cereal manufacturing industry includes about 30 companies with combined annual revenue of about $11 billion. Major companies include Kellogg, General Mills, Post Foods, and Quaker (owned by PepsiCo). The industry is highly concentrated: the top four companies account for 80 percent of revenue.

        SIC: 2043

        NAICS: 311230

         

        Sample Questions & Answers

        How dependent is the company on the success of ready-to-eat cereal?

        Cereal manufacturers depend highly on a single type of product (cold, ready-to-eat cereal) that's overwhelmingly consumed at a single time of day. Because cereal with milk can't be easily consumed on-the-go, busy families and professionals may be...

         

        How does the company manage commodity price swings?

        The price and availability of cereal grains can fluctuate sharply due to farm yield, weather patterns, and government farm subsidies. Wheat, corn, and oat prices routinely swing 10 percent or more from year-to-year. Price and supply instability isn't...

         

        To read this full Call Prep Question and others, purchase the full report.

         

        General Report Description

        Save valuable research time, increase confidence on sales calls, and get the competitive edge to win more business with Hoover's Industry Report. Proprietary editorial analysis synthesizes hundreds of sources into an easy-to-digest format so that you can quickly understand a client's business challenges. Insight into critical business issues, industry trends and opportunities, and financial benchmarks is an integral part of each report.

         

        Sections Included in Report

        • Industry Overview
        • Quarterly Industry Update
        • Business Challenges
        • Trends and Opportunities
        • Call Preparation Questions
        • Financial Information
        • Industry Forecast
        • Website and Media Links
        • Glossary of Acronyms

          Industry Report Highlights:

          • Recent Developments

            Stay up to date on crucial industry news that may affect your strategy.

          • Trends & Opportunies

            Identify avenues for expansion and get prospects thinking about growth opportunities that justify investing in your product.

          • Call Preparation Questions

            Gain instant rappart with prospects during youir sales calls using done-for-you call prearation questions.

          • Industry Forecast

            Identify growth and integrate projections in your own business planing.

          • Business Challenges

            Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

          • Executive Insight

            Identify the correct decision maker and tailor your presentation to his or her needs, and maximize the effectiveness of your pitch.

          • Financial Information

            Increase your credibility and support your presentations by adding verifiable industry metrics.

          • Web Links & Acronyms

            Speak the Prospect's language by demonstrating an understanding of industry trade associations and jargon.

          Retail Sector Industry Report

          Purchase Report
           
          $129

          Sonic Automotive, Inc.  Overview

          Top 3 Competitiors

          Company: Asbury Automotive Group, Inc.
          Location: Duluth, GA

          Company: AutoNation, Inc.
          Location: Fort Lauderdale, FL

          Company: AutoTrader.com, Inc.
          Location: Atlanta, GA

          Industries where Sonic Automotive, Inc. Competes

          Automobile Dealers
          Read More

          Consumer Services
          Read More

          Automotive Repair & Maintenance Services
          Read More

          Retail Sector
          Read More

          Automotive Oil Change & Lubrication Services
          Read More

          Luxury Automobile Dealers
          Read More

          Competitive Landscape Brief

          Consumer spending and interest rates drive demand for cars. The profitability of individual companies depends on the volume and mix of cars and services sold. Large companies can offer a wider selection of cars and have advantages in marketing, purchasing, and finance. Small companies can compete effectively by offering superior customer service or serving a local market. The industry is capital-intensive: average annual revenue per worker is about $615,000. For vehicle sales, auto dealers compete with private market sellers, who are increasingly using the Internet to bypass traditional retail channels. Companies compete with various retail outlets, such as oil change centers, tire stores, and independent service shops and chains, for service revenue.

          Sonic Automotive, Inc. Competitive Landscape

          Purchase Report
           
          $69

          Providing a complete view of how this company and its competitors stack up against one another, the Competitive Landscape report includes benchmarks on over 30 parameters related to sales, employees, market cap, profitability, and growth. Exclusive to Hoover's, this landscape can be used to conduct competitive analysis, inform corporate strategy, and identify trends.

           

          Sections Included in Report

          • Key Numbers
          • Profitability
          • Valuation
          • Operations
          • Financial Ratios
          • Per Share Data ($)
          • Growth Statistics
          • *Data provided for 3 to 30 competitors

            Company Landscape Report Highlights

            • Competitors List

              Identify specific primary and secondary competitors, allowing you evaluate the chances of sucessfully introducing new products.

            • Competive Landscape

              Acess detailed financial metrics on a company's top competitors, so you can quickly determine their relative health and add credibility-boosting quantitative data to your presentations.

            Competitive Landscape Report

            Purchase Report
             
            $69

            Sonic Automotive, Inc. Overview

            Address

            4401 Colwick Rd. Charlotte, 
            NC 28212 United States
            Phone: 704-566-2400
            Fax:704-536-4665

            Sonic Automotive, Inc. Rankings

            #339 in FORTUNE 500 (May 2011) 
            #S&P 600 
            #339 in FORTUNE 1000 (May 2011)

            Company Description

            No stranger to speed, O. Bruton Smith has raced Sonic Automotive to the front of the pack of US auto dealers behind larger rivals, such as AutoNation and Penske Automotive. Founded with five dealerships in 1997, Sonic today owns about 120 new- and used-vehicle dealerships and about 25 collision repair centers in major markets in 15 states, including Texas, the Carolinas, Tennessee and Georgia . The company sells some 30 brands of cars and light trucks and offers vehicle financing. Chairman Smith, who runs Sonic Automotive with his son Scott, is also the majority owner of Speedway Motorsports, which operates more than half a dozen NASCAR auto racetracks.

            Sonic Automotive, Inc. Spotlight on IT

            Purchase Report
             
            $300

            Hoover’s Spotlight Reports on IT give you a look inside of IT departments of top companies, making it easier for you to learn, prepare, and sell to the IT professionals that lead them. These reports reveal the software and platforms that are currently in use, an overview of the IT department and their strategy, and the IT leaders that make the decisions.

             

            Sections Included in Report

            • Company Overview
            • IT Strategy
            • IT Highlights
            • IT Executives
            • IT Contacts
            • Recent News and Activity
            • Conversation Starters
            • Industry Data
            • Major Subsidiaries and Locations

              Information Technology Report Highlights

              • Company Overview

                Quickly grasp how company operates and understand their current business environment, ensuring you make the right first impression with minimal time invested.

              • IT Highlights

                Be in the know about a company's current infrastructure before you make contact with the list of applications, software, and hardware presently in use.

              • IT Contacts

                Uncover the roles and responsibilities of the management team and identify the correct decision maker, so you don't wast time talking to the wrong contact.

              • Conversation Starters

                Gain instant rapport by engaging you sales prospect as a fellow industry "insider," thanks to these carefully-designed call preparatiion question (with answers).

              • Major Subsidiaries & Locations

                Uncover new cross-sell and up-sell opportunities by exploring the company's corporate relationships.

              • Business Challenges

                Engage your prospects with solution selling that makes their life easier by first understanding their pain points.

              • IT Strategy

                Identify industry trends, opportunities, and challenges that a company is facing right now - often directly from the mouths of its own executives.

              • IT Executives

                Learn the background and technology interests of the company's IT executives, allowing you to strategically position your product in a way that's compatible with their vision.

              • Recent News & Activity

                Stay connected to your prospects and customers by communicating with them about recent developments that affect their business.

              • Industry Data

                Find the SIC and NAICS codes for the oftentimes disparate industries a company does business in to ensure your sales presentation delivers a wide-reaching and compelling value proposition.
              Purchase Report
               
              $300