Sonic Automotive is one of the largest automotive retailers in the United States, operating a diversified portfolio of franchised dealerships, used-vehicle retail locations, and powersports outlets across multiple states. The company generates revenue through new and used vehicle sales, fixed operations (maintenance, repairs, and parts), and financial services products (financing, extended warranties, and insurance), with franchised dealerships representing the majority of sales and serving as the primary margin driver through their higher-margin service and F&I operations. The business model balances cyclical new vehicle sales with more stable recurring revenue from service and F&I products, and pursues expansion through selective acquisitions in luxury and import brands while building out used-vehicle retail capabilities nationwide.