Charlotte-based Sonic Automotive reported first quarter earnings that missed analysts’ expectations as the company ramped up spending on a new chain of dealerships and a new customer service technology platform. Pictured here is Sonic’s president, Scott Smith.
Charlotte-based Sonic Automotive reported first quarter earnings that missed analysts’ expectations as the company ramped up spending on a new chain of dealerships and a new customer service technology platform. Pictured here is Sonic’s president, Scott Smith. T.ORTEGA GAINES
Charlotte-based Sonic Automotive reported first quarter earnings that missed analysts’ expectations as the company ramped up spending on a new chain of dealerships and a new customer service technology platform. Pictured here is Sonic’s president, Scott Smith. T.ORTEGA GAINES

Sonic Automotive earnings miss estimates as it ramps up spending on dealerships

April 21, 2015 8:20 AM

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