Sonic Q1 revenue up, net income down on costs for new initiatives

Sonic Automotive reported a 4.6 percent revenue increase in the first quarter, but a drop in net income mostly because of costs associated with its One Sonic-One Experience no-haggle program and EchoPark, its new used-car business.

from Automotive News Breaking News Feed http://ift.tt/1HeMDn2 via Falls Church auto repair