SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Sonic Automotive -- Ignore unavailable to you. Want to Upgrade?


To: Jack Markowitz who wrote (25)7/2/1998 8:37:00 PM
From: Cary C  Read Replies (1) | Respond to of 60
 
Jack I spoke to Todd today about SAH. I was curious as to what %
of there business was GM related and how it might effect their numbers.

Needless to say I was most pleased. According to Todd Sonic's business is approximately divided by the following

Ford 35%
Chrysler 14.5%
Luxury cars such as BMW, Volvo, Infinity, etc 28.2%
imports such as KIA, Toyota, VW, etc 22.7%
GM 1%

The above totals 101.4% so I must have written down a wrong number somewhere. I probably was really happy to hear that GM only comprised of 1% of their sells.

Todd said they have a lot of things in the works and still are aggressively pursuing acquisitions. Company is very comfortable with estimates. With very strong new and used car sales last month I look for them to report to the upside.

Cary