EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Sonic Automotive, Inc. Reports 3^rd Quarter Continuing

Operations EPS of $0.46 – 15% EPS Growth

CHARLOTTE, N.C. – November 8, 2013 – Sonic Automotive, Inc. (NYSE: SAH), one of the nation’s largest automotive retailers, today reported 2013 third quarter earnings from continuing operations of $24.7 million. Earnings from continuing operations per diluted share increased 15.0% to $0.46 compared to an adjusted $0.40 in the prior year quarter. Adjusted results in the third quarter of 2012 exclude a pre-tax charge of approximately $18.5 million, or $0.19 per diluted share, related to costs associated with retiring its outstanding 5.0% Convertible Senior Notes due 2029 (“5% Notes”).

Q3 2013 Highlights

•

Total revenue up 5.4% compared to the prior year quarter

•

New revenue increased $65.4 million, or 5.5%, over prior year quarter

•

Pre-owned revenue increased $31.9 million, or 6.0%, over prior year quarter

•

All-time 3^rd quarter record retailing 34,087 new units (excludes fleet)

•

All-time record retailing 27,632 pre-owned units

•

Pre-owned average quarterly volume per store per month at a record level - 91 units

•

Q3 record fixed operations gross profit of $149.1 million, up $8.6 million, or 6.1%, compared to the prior year quarter

•

Q3 record finance and insurance gross profit of $68.7 million, up 6.8%, and profit per retail unit of $1,114

•

SG&A to gross profit % was 78.1%; adjusted for customer experience, pre-owned and SOX remediation costs discussed below amount was 76.7%

•

Acquired two luxury dealerships in Denver, CO

Sonic is targeting adjusted fully diluted earnings per share from continuing operations at $1.96-$2.03 for the full year 2013.

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, N.C., is one of the nation’s largest automotive retailers. Sonic can be reached on the web at www.sonicautomotive.com.

Included herein are forward-looking statements, including statements with respect to anticipated growth in used vehicle sales, and future success and impacts from the implementation of our strategic initiatives. There are many factors that affect management’s views about future events and trends of the Company’s business. These factors involve risk and uncertainties that could cause actual results or trends to differ materially from management’s view, including without limitation, economic conditions in the markets in which we operate, new and used vehicle industry sales volume, the success of our operational strategies, the rate and timing of overall economic recovery or decline, and the risk factors described in the Company’s annual report on Form 10-K for the year ending December 31, 2012 and quarterly report on Form 10-Q for the period ended June 30, 2013. The Company does not undertake any obligation to update forward-looking information.

###

Contact:

Heath Byrd, Chief Financial Officer (704) 566-2400

C.G. Saffer, Vice President and Chief Accounting Officer (704) 566-2439

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(Dollars and shares in thousands, except per share amounts)

This release contains certain non-GAAP financial measures (the “Adjusted” columns) as defined under SEC rules, such as, but not limited to, adjusted income from continuing operations and related earnings per share data. The Company has reconciled these measures to the most directly comparable GAAP measures (the “Reported” columns) in the release. The Company believes that these non-GAAP financial measures improve the transparency of the Company’s disclosure by providing period-to-period comparability of the Company’s results from operations.


	Third Quarter Ended September 30, 2013								Third Quarter Ended September 30, 2012
	Reported			Adjustments		Adjusted			Reported			Adjustments			Adjusted
Revenues:
New retail vehicles	$	1,219,525		$	—	$	1,219,525		$	1,158,524		$	—		$	1,158,524
Fleet vehicles		41,745			—		41,745			37,302			—			37,302

Total new vehicles		1,261,270			—		1,261,270			1,195,826			—			1,195,826
Used vehicles		559,848			—		559,848			527,914			—			527,914
Wholesale vehicles		42,731			—		42,731			52,280			—			52,280

Total vehicles		1,863,849			—		1,863,849			1,776,020			—			1,776,020
Parts, service and collision repair		309,600			—		309,600			287,311			—			287,311
Finance, insurance and other		68,747			—		68,747			64,390			—			64,390

Total revenues		2,242,196			—		2,242,196			2,127,721			—			2,127,721
Gross profit		326,081			—		326,081			304,428			—			304,428
Selling, general and administrative expenses		(254,564	)		—		(254,564	)		(235,328	)		—			(235,328	)
Impairment charges		(18	)		—		(18	)		(23	)		—			(23	)
Depreciation and amortization		(13,744	)		—		(13,744	)		(11,295	)		—			(11,295	)

Operating income (loss)		57,755			—		57,755			57,782			—			57,782
Other income (expense):
Interest expense, floor plan		(5,463	)		—		(5,463	)		(4,799	)		—			(4,799	)
Interest expense, other, net		(13,553	)		—		(13,553	)		(15,632	)		1,167	(1)		(14,465	)
Other income (expense), net		29			—		29			(17,274	)		17,320	(2)		46

Total other income (expense)		(18,987	)		—		(18,987	)		(37,705	)		18,487			(19,218	)

Income (loss) from continuing operations before taxes		38,768			—		38,768			20,077			18,487			38,564
Provision for income taxes - benefit (expense)		(14,066	)		—		(14,066	)		(7,751	)		(7,210	)		(14,961	)

Income (loss) from continuing operations		24,702			—		24,702			12,326			11,277			23,603

Income (loss) from discontinued operations		(1,375	)		—		(1,375	)		(2,284	)		—			(2,284	)

Net income (loss)	$	23,327		$	—	$	23,327		$	10,042		$	11,277		$	21,319

Diluted earnings (loss) per common share:
Earnings (loss) per share from continuing operations	$	0.46		$	—	$	0.46		$	0.22		$	0.18		$	0.40
Earnings (loss) per share from discontinued operations		(0.02	)		—		(0.02	)		(0.04	)		0.01			(0.03	)

Earnings (loss) per common share	$	0.44		$	—	$	0.44		$	0.18		$	0.19		$	0.37

Weighted average common shares outstanding		52,918					52,918			59,011						59,011
Gross Margin Data (Continuing Operations):
New retail vehicles		5.9	%				5.9	%		5.7	%					5.7	%
Fleet vehicles		2.5	%				2.5	%		2.5	%					2.5	%
Total new vehicles		5.7	%				5.7	%		5.6	%					5.6	%
Used vehicles		7.0	%				7.0	%		6.7	%					6.7	%
Wholesale vehicles		(7.5	%)				(7.5	%)		(6.5	%)					(6.5	%)
Parts, service and collision repair		48.2	%				48.2	%		48.9	%					48.9	%
Finance, insurance and other		100.0	%				100.0	%		100.0	%					100.0	%
Overall gross margin		14.5	%				14.5	%		14.3	%					14.3	%
SG&A Expenses (Continuing Operations):
Compensation	$	151,683							$	140,771
Advertising		14,132								12,498
Rent		18,901								18,619
Other		69,848								63,440

Total SG&A expenses	$	254,564		$	—	$	254,564		$	235,328		$	—		$	235,328
SG&A expenses as % of gross profit		78.1	%				78.1	%		77.3	%					77.3	%
Operating Margin %		2.6	%				2.6	%		2.7	%					2.7	%
Unit Data (Continuing Operations):
New retail units		34,087								33,264
Fleet units		1,451								1,325

Total new units		35,538								34,589
Used units		27,632								26,610
Wholesale units		7,641								8,931

(1)	Represents double-carry interest on the 7.0% Senior Subordinated Notes.

(2)	Represents loss on extinguishment of the 5.0% Convertible Senior Notes.

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(Dollars and shares in thousands, except per share amounts)


	Nine Months Ended September 30, 2013									Nine Months Ended September 30, 2012
	Reported			Adjustments			Adjusted			Reported			Adjustments			Adjusted
Revenues:
New retail vehicles	$	3,520,343		$	—		$	3,520,343		$	3,286,285		$	—		$	3,286,285
Fleet vehicles		131,143			—			131,143			126,585			—			126,585

Total new vehicles		3,651,486			—			3,651,486			3,412,870			—			3,412,870
Used vehicles		1,625,006			—			1,625,006			1,564,414			—			1,564,414
Wholesale vehicles		134,556			—			134,556			138,506			—			138,506

Total vehicles		5,411,048			—			5,411,048			5,115,790			—			5,115,790
Parts, service and collision repair		913,290			—			913,290			875,206			—			875,206
Finance, insurance and other		203,461			—			203,461			185,737			—			185,737

Total revenues		6,527,799			—			6,527,799			6,176,733			—			6,176,733
Gross profit		962,907			—			962,907			921,034			—			921,034
Selling, general and administrative expenses		(748,479	)		—			(748,479	)		(712,228	)		—			(712,228	)
Impairment charges		(69	)		—			(69	)		(57	)		—			(57	)
Depreciation and amortization		(39,020	)		—			(39,020	)		(33,399	)		—			(33,399	)

Operating income (loss)		175,339			—			175,339			175,350			—			175,350
Other income (expense):
Interest expense, floor plan		(16,267	)		—			(16,267	)		(13,919	)		—			(13,919	)
Interest expense, other, net		(42,302	)		788	(1)		(41,514	)		(45,875	)		1,167	(3)		(44,708	)
Other income (expense), net		(28,143	)		28,235	(2)		92			(19,809	)		19,898	(4)		89

Total other income (expense)		(86,712	)		29,023			(57,689	)		(79,603	)		21,065			(58,538	)

Income (loss) from continuing operations before taxes		88,627			29,023			117,650			95,747			21,065			116,812
Provision for income taxes - benefit (expense)		(33,510	)		(11,319	)		(44,829	)		(33,277	)		(11,784	)(5)		(45,061	)

Income (loss) from continuing operations		55,117			17,704			72,821			62,470			9,281			71,751

Income (loss) from discontinued operations		(1,582	)		—			(1,582	)		(3,751	)		—			(3,751	)

Net income (loss)	$	53,535		$	17,704		$	71,239		$	58,719		$	9,281		$	68,000

Diluted earnings (loss) per common share:
Earnings (loss) per share from continuing operations	$	1.03		$	0.34		$	1.37		$	1.06		$	0.15		$	1.21
Earnings (loss) per share from discontinued operations		(0.03	)		—			(0.03	)		(0.06	)		—			(0.06	)

Earnings (loss) per common share	$	1.00		$	0.34		$	1.34		$	1.00		$	0.15		$	1.15

Weighted average common shares outstanding		52,930						52,930			62,300						62,300
Gross Margin Data (Continuing Operations):
New retail vehicles		5.8	%					5.8	%		6.0	%					6.0	%
Fleet vehicles		2.7	%					2.7	%		2.9	%					2.9	%
Total new vehicles		5.7	%					5.7	%		5.9	%					5.9	%
Used vehicles		7.1	%					7.1	%		7.1	%					7.1	%
Wholesale vehicles		(4.7	%)					(4.7	%)		(3.2	%)					(3.2	%)
Parts, service and collision repair		48.7	%					48.7	%		48.9	%					48.9	%
Finance, insurance and other		100.0	%					100.0	%		100.0	%					100.0	%
Overall gross margin		14.8	%					14.8	%		14.9	%					14.9	%
SG&A Expenses (Continuing Operations):
Compensation	$	449,791								$	426,463
Advertising		41,282									37,107
Rent		56,344									57,198
Other		201,062									191,460

Total SG&A expenses	$	748,479		$	—		$	748,479		$	712,228		$	—		$	712,228
SG&A expenses as % of gross profit		77.7	%					77.7	%		77.3	%					77.3	%
Operating Margin %		2.7	%					2.7	%		2.8	%					2.8	%
Unit Data (Continuing Operations):
New retail units		98,362									94,869
Fleet units		4,661									4,616

Total new units		103,023									99,485
Used units		80,700									78,613
Wholesale units		23,291									23,736

(1)	Represents double-carry interest on the 9.0% Senior Subordinated Notes.

(2)	Represents loss on extinguishment of the 9.0% Senior Subordinated Notes.

(3)	Represents double-carry interest on the 7.0% Senior Subordinated Notes.

(4)	Represents loss on extinguishment of the 5.0% Convertible Senior Notes.

(5)	Includes tax adjustments related to the settlement of certain tax matters.

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(Dollars and shares in thousands, except per share amounts)

Per Share Data


	Third Quarter Ended September 30, 2013
			Income (Loss)					Income (Loss)
			From Continuing					From Discontinued
			Operations					Operations						Net Income (Loss)
	Weighted					Per					Per						Per
	Average					Share					Share						Share
	Shares		Amount			Amount		Amount			Amount			Amount			Amount
Reported:
Earnings (loss) and shares		52,553	$	24,702				$	(1,375	)				$	23,327
Effect of participating securities:
Non-vested restricted stock and stock units				(172	)				—						(172	)

Basic earnings (loss) and shares		52,553	$	24,530		$	0.47	$	(1,375	)	$	(0.03	)	$	23,155		$	0.44
Effect of dilutive securities:
Stock compensation plans		365

Diluted earnings (loss) and shares		52,918	$	24,530		$	0.46	$	(1,375	)	$	(0.02	)	$	23,155		$	0.44


	Third Quarter Ended September 30, 2012
			Income (Loss)					Income (Loss)
			From Continuing					From Discontinued
			Operations					Operations						Net Income (Loss)
	Weighted					Per					Per						Per
	Average					Share					Share						Share
	Shares		Amount			Amount		Amount			Amount			Amount			Amount
Reported:
Earnings (loss) and shares		55,069	$	12,326				$	(2,284	)				$	10,042
Effect of participating securities:
Non-vested restricted stock and stock units				(182	)				—						(182	)

Basic earnings (loss) and shares		55,069	$	12,144		$	0.22	$	(2,284	)	$	(0.04	)	$	9,860		$	0.18
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)		3,534		618					2						620
Stock compensation plans		408

Diluted earnings (loss) and shares		59,011	$	12,762		$	0.22	$	(2,282	)	$	(0.04	)	$	10,480		$	0.18

Adjustments (net of tax):
Double-carry interest			$	712		$	0.01	$	—		$	—		$	712		$	0.01
Debt extinguishment charges				10,565			0.17		—			—			10,565			0.17
Effect of two-class method & rounding				—			—		—			0.01			—			0.01

Total adjustments			$	11,277		$	0.18	$	—		$	0.01		$	11,277		$	0.19
Adjusted:

Diluted earnings (loss) per share						$	0.40				$	(0.03	)				$	0.37

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(Dollars and shares in thousands, except per share amounts)

Per Share Data


	Nine Months Ended September 30, 2013
			Income (Loss) From Continuing Operations					Income (Loss) From Discontinued Operations						Net Income (Loss)
	Weighted Average Shares		Amount			Per Share Amount		Amount			Per Share Amount			Amount			Per Share Amount
Reported:
Earnings (loss) and shares		52,578	$	55,117				$	(1,582	)				$	53,535
Effect of participating securities:
Non-vested restricted stock and stock units				(393	)				—						(393	)

Basic earnings (loss) and shares		52,578	$	54,724		$	1.04	$	(1,582	)	$	(0.03	)	$	53,142		$	1.01
Effect of dilutive securities:
Stock compensation plans		352

Diluted earnings (loss) and shares		52,930	$	54,724		$	1.03	$	(1,582	)	$	(0.03	)	$	53,142		$	1.00

Adjustments (net of tax):
Double-carry interest			$	481		$	0.01	$	—		$	—		$	481		$	0.01
Debt extinguishment charges				17,223			0.33		—			—			17,223			0.33

Total adjustments			$	17,704		$	0.34	$	—		$	—		$	17,704		$	0.34
Adjusted:

Diluted earnings (loss) per share						$	1.37				$	(0.03	)				$	1.34


	Nine Months Ended September 30, 2012
			Income (Loss)						Income (Loss)
			From Continuing						From Discontinued
			Operations						Operations						Net Income (Loss)
	Weighted					Per						Per						Per
	Average					Share						Share						Share
	Shares		Amount			Amount			Amount			Amount			Amount			Amount
Reported:
Earnings (loss) and shares		53,302	$	62,470					$	(3,751	)				$	58,719
Effect of participating securities:
Non-vested restricted stock and stock units				(949	)					—						(949	)

Basic earnings (loss) and shares		53,302	$	61,521		$	1.15		$	(3,751	)	$	(0.07	)	$	57,770		$	1.08
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)		8,563		4,599						82						4,681
Stock compensation plans		435

Diluted earnings (loss) and shares		62,300	$	66,120		$	1.06		$	(3,669	)	$	(0.06	)	$	62,451		$	1.00

Adjustments (net of tax):
Double-carry interest			$	712		$	0.01		$	—		$	—		$	712		$	0.01
Debt extinguishment charges				12,138			0.20			—			—			12,138			0.20
Settlement of tax matters				(3,569	)		(0.06	)		—			—			(3,569	)		(0.06	)

Total adjustments			$	9,281		$	0.15		$	—		$	—		$	9,281		$	0.15
Adjusted:

Diluted earnings (loss) per share						$	1.21					$	(0.06	)				$	1.15

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands, except units and per unit data)

New Vehicles


	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Reported:
Revenue	$	1,261,270		$	1,195,826		$	65,444			5.5	%
Gross profit	$	72,408		$	67,312		$	5,096			7.6	%
Unit sales		35,538			34,589			949			2.7	%
Revenue per unit	$	35,491		$	34,572		$	919			2.7	%
Gross profit per unit	$	2,037		$	1,946		$	91			4.7	%
Gross profit as a % of revenue		5.7	%		5.6	%		10			bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Reported:
Revenue	$	3,651,486		$	3,412,870		$	238,616			7.0	%
Gross profit	$	206,668		$	200,968		$	5,700			2.8	%
Unit sales		103,023			99,485			3,538			3.6	%
Revenue per unit	$	35,443		$	34,305		$	1,138			3.3	%
Gross profit per unit	$	2,006		$	2,020		$	(14	)		(0.7	%)
Gross profit as a % of revenue		5.7	%		5.9	%		(20	)		bps

	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Same Store:
Revenue	$	1,251,683		$	1,195,826		$	55,857			4.7	%
Gross profit	$	71,605		$	67,443		$	4,162			6.2	%
Unit sales		35,364			34,589			775			2.2	%
Revenue per unit	$	35,394		$	34,572		$	822			2.4	%
Gross profit per unit	$	2,025		$	1,950		$	75			3.8	%
Gross profit as a % of revenue		5.7	%		5.6	%		10			bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Same Store:
Revenue	$	3,641,900		$	3,412,870		$	229,030			6.7	%
Gross profit	$	205,894		$	201,687		$	4,207			2.1	%
Unit sales		102,849			99,485			3,364			3.4	%
Revenue per unit	$	35,410		$	34,305		$	1,105			3.2	%
Gross profit per unit	$	2,002		$	2,027		$	(25	)		(1.2	%)
Gross profit as a % of revenue		5.7	%		5.9	%		(20	)		bps

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands, except units and per unit data)

Used Vehicles


	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change		% Change
Reported:
Revenue	$	559,848		$	527,914		$	31,934		6.0	%
Gross profit	$	38,976		$	35,562		$	3,414		9.6	%
Unit sales		27,632			26,610			1,022		3.8	%
Revenue per unit	$	20,261		$	19,839		$	422		2.1	%
Gross profit per unit	$	1,411		$	1,336		$	75		5.6	%
Gross profit as a % of revenue		7.0	%		6.7	%		30		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change		% Change
Reported:
Revenue	$	1,625,006		$	1,564,414		$	60,592		3.9	%
Gross profit	$	114,615		$	110,679		$	3,936		3.6	%
Unit sales		80,700			78,613			2,087		2.7	%
Revenue per unit	$	20,136		$	19,900		$	236		1.2	%
Gross profit per unit	$	1,420		$	1,408		$	12		0.9	%
Gross profit as a % of revenue		7.1	%		7.1	%		0		bps

	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change		% Change
Same Store:
Revenue	$	554,361		$	527,914		$	26,447		5.0	%
Gross profit	$	38,587		$	34,074		$	4,513		13.2	%
Unit sales		27,444			26,610			834		3.1	%
Revenue per unit	$	20,200		$	19,839		$	361		1.8	%
Gross profit per unit	$	1,406		$	1,280		$	126		9.8	%
Gross profit as a % of revenue		7.0	%		6.5	%		50		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change		% Change
Same Store:
Revenue	$	1,619,519		$	1,564,414		$	55,105		3.5	%
Gross profit	$	114,104		$	109,984		$	4,120		3.7	%
Unit sales		80,512			78,613			1,899		2.4	%
Revenue per unit	$	20,115		$	19,900		$	215		1.1	%
Gross profit per unit	$	1,417		$	1,399		$	18		1.3	%
Gross profit as a % of revenue		7.0	%		7.0	%		0		bps

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands, except units and per unit data)

Wholesale Vehicles


	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Reported:
Revenue	$	42,731		$	52,280		$	(9,549	)		(18.3	%)
Gross profit (loss)	$	(3,197	)	$	(3,394	)	$	197			5.8	%
Unit sales		7,641			8,931			(1,290	)		(14.4	%)
Revenue per unit	$	5,592		$	5,854		$	(262	)		(4.5	%)
Gross profit (loss) per unit	$	(418	)	$	(380	)	$	(38	)		(10.0	%)
Gross profit (loss) as a % of revenue		(7.5	%)		(6.5	%)		(100	)		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Reported:
Revenue	$	134,556		$	138,506		$	(3,950	)		(2.9	%)
Gross profit (loss)	$	(6,343	)	$	(4,399	)	$	(1,944	)		(44.2	%)
Unit sales		23,291			23,736			(445	)		(1.9	%)
Revenue per unit	$	5,777		$	5,835		$	(58	)		(1.0	%)
Gross profit (loss) per unit	$	(272	)	$	(185	)	$	(87	)		(47.0	%)
Gross profit (loss) as a % of revenue		(4.7	%)		(3.2	%)		(150	)		bps

	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Same Store:
Revenue	$	42,433		$	52,280		$	(9,847	)		(18.8	%)
Gross loss	$	(3,191	)	$	(3,394	)	$	203			6.0	%
Unit sales		7,612			8,931			(1,319	)		(14.8	%)
Revenue per unit	$	5,574		$	5,854		$	(280	)		(4.8	%)
Gross loss per unit	$	(419	)	$	(380	)	$	(39	)		(10.3	%)
Gross loss as a % of revenue		(7.5	%)		(6.5	%)		(100	)		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Same Store:
Revenue	$	134,257		$	138,506		$	(4,249	)		(3.1	%)
Gross loss	$	(6,336	)	$	(4,399	)	$	(1,937	)		(44.0	%)
Unit sales		23,262			23,736			(474	)		(2.0	%)
Revenue per unit	$	5,772		$	5,835		$	(63	)		(1.1	%)
Gross loss per unit	$	(272	)	$	(185	)	$	(87	)		(47.0	%)
Gross loss as a % of revenue		(4.7	%)		(3.2	%)		(150	)		bps

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands)

Parts, Service and Collision Repair (“Fixed Operations”)


	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Reported:
Revenue
Customer Pay	$	137,106		$	131,126		$	5,980			4.6	%
Warranty		45,405			40,632			4,773			11.7	%
Wholesale Parts		43,349			37,720			5,629			14.9	%
Internal, Sublet & Other		83,740			77,833			5,907			7.6	%

Total	$	309,600		$	287,311		$	22,289			7.8	%

Gross profit
Customer Pay	$	75,203		$	71,939		$	3,264			4.5	%
Warranty		24,374			21,225			3,149			14.8	%
Wholesale Parts		7,881			7,249			632			8.7	%
Internal, Sublet & Other		41,689			40,145			1,544			3.8	%

Total	$	149,147		$	140,558		$	8,589			6.1	%

Gross profit as a % of revenue
Customer Pay		54.9	%		54.9	%		0			bps
Warranty		53.7	%		52.2	%		150			bps
Wholesale Parts		18.2	%		19.2	%		(100	)		bps
Internal, Sublet & Other		49.8	%		51.6	%		(180	)		bps

Total		48.2	%		48.9	%		(70	)		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Reported:
Revenue
Customer Pay	$	407,252		$	395,080		$	12,172			3.1	%
Warranty		137,489			126,343			11,146			8.8	%
Wholesale Parts		124,870			115,545			9,325			8.1	%
Internal, Sublet & Other		243,679			238,238			5,441			2.3	%

Total	$	913,290		$	875,206		$	38,084			4.4	%

Gross profit
Customer Pay	$	224,485		$	217,840		$	6,645			3.1	%
Warranty		74,657			66,315			8,342			12.6	%
Wholesale Parts		23,158			22,250			908			4.1	%
Internal, Sublet & Other		122,206			121,644			562			0.5	%

Total	$	444,506		$	428,049		$	16,457			3.8	%

Gross profit as a % of revenue
Customer Pay		55.1	%		55.1	%		0			bps
Warranty		54.3	%		52.5	%		180			bps
Wholesale Parts		18.5	%		19.3	%		(80	)		bps
Internal, Sublet & Other		50.2	%		51.1	%		(90	)		bps

Total		48.7	%		48.9	%		(20	)		bps

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands)

Parts, Service and Collision Repair (“Fixed Operations”)


	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Same Store:
Revenue
Customer Pay	$	134,642		$	131,126		$	3,516			2.7	%
Warranty		44,571			40,632			3,939			9.7	%
Wholesale Parts		42,695			37,720			4,975			13.2	%
Internal, Sublet & Other		82,898			77,833			5,065			6.5	%

Total	$	304,806		$	287,311		$	17,495			6.1	%

Gross profit
Customer Pay	$	73,885		$	71,939		$	1,946			2.7	%
Warranty		23,918			21,225			2,693			12.7	%
Wholesale Parts		7,717			7,249			468			6.5	%
Internal, Sublet & Other		41,037			39,836			1,201			3.0	%

Total	$	146,557		$	140,249		$	6,308			4.5	%

Gross profit as a % of revenue
Customer Pay		54.9	%		54.9	%		0			bps
Warranty		53.7	%		52.2	%		150			bps
Wholesale Parts		18.1	%		19.2	%		(110	)		bps
Internal, Sublet & Other		49.5	%		51.2	%		(170	)		bps

Total		48.1	%		48.8	%		(70	)		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Same Store:
Revenue
Customer Pay	$	404,788		$	395,080		$	9,708			2.5	%
Warranty		136,655			126,343			10,312			8.2	%
Wholesale Parts		124,216			115,545			8,671			7.5	%
Internal, Sublet & Other		242,836			238,238			4,598			1.9	%

Total	$	908,495		$	875,206		$	33,289			3.8	%

Gross profit
Customer Pay	$	223,166		$	217,840		$	5,326			2.4	%
Warranty		74,511			66,315			8,196			12.4	%
Wholesale Parts		22,995			22,250			745			3.3	%
Internal, Sublet & Other		121,261			120,986			275			0.2	%

Total	$	441,933		$	427,391		$	14,542			3.4	%

Gross profit as a % of revenue
Customer Pay		55.1	%		55.1	%		0			bps
Warranty		54.5	%		52.5	%		200			bps
Wholesale Parts		18.5	%		19.3	%		(80	)		bps
Internal, Sublet & Other		49.9	%		50.8	%		(90	)		bps

Total		48.6	%		48.8	%		(20	)		bps

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands, except per unit data)

Finance, Insurance and Other (“F&I”)


	Third Quarter Ended September 30,				Better / (Worse)
	2013		2012		Change		% Change
Reported:
Revenue	$	68,747	$	64,390	$	4,357		6.8	%
Gross profit per retail unit (excludes fleet)	$	1,114	$	1,075	$	39		3.6	%

	Nine Months Ended September 30,				Better / (Worse)
	2013		2012		Change		% Change
Reported:
Revenue	$	203,461	$	185,737	$	17,724		9.5	%
Gross profit per retail unit (excludes fleet)	$	1,136	$	1,071	$	65		6.1	%

	Third Quarter Ended September 30,				Better / (Worse)
	2013		2012		Change		% Change
Same Store:
Revenue	$	68,267	$	64,240	$	4,027		6.3	%
Gross profit per retail unit (excluding fleet)	$	1,113	$	1,073	$	40		3.7	%

	Nine Months Ended September 30,				Better / (Worse)
	2013		2012		Change		% Change
Same Store:
Revenue	$	202,996	$	185,081	$	17,915		9.7	%
Gross profit per retail unit (excluding fleet)	$	1,136	$	1,067	$	69		6.5	%

Sonic Automotive, Inc.

Results of Operations (Unaudited)

(In thousands)

Selling, General and Administrative (“SG&A”) Expenses


	Third Quarter Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Compensation	$	151,683		$	140,771		$	(10,912	)		(7.8	%)
Advertising		14,132			12,498			(1,634	)		(13.1	%)
Rent		18,901			18,619			(282	)		(1.5	%)
Other		69,848			63,440			(6,408	)		(10.1	%)

Total	$	254,564		$	235,328		$	(19,236	)		(8.2	%)

SG&A as a % of gross profit
Compensation		46.5	%		46.2	%		(30	)		bps
Advertising		4.3	%		4.1	%		(20	)		bps
Rent		5.8	%		6.1	%		30			bps
Other		21.5	%		20.9	%		(60	)		bps

Total		78.1	%		77.3	%		(80	)		bps

	Nine Months Ended September 30,						Better / (Worse)
	2013			2012			Change			% Change
Compensation	$	449,791		$	426,463		$	(23,328	)		(5.5	%)
Advertising		41,282			37,107			(4,175	)		(11.3	%)
Rent		56,344			57,198			854			1.5	%
Other		201,062			191,460			(9,602	)		(5.0	%)

Total	$	748,479		$	712,228		$	(36,251	)		(5.1	%)

SG&A as a % of gross profit
Compensation		46.7	%		46.3	%		(40	)		bps
Advertising		4.3	%		4.0	%		(30	)
Rent		5.9	%		6.2	%		30			bps
Other		20.8	%		20.8	%		(0	)		bps

Total		77.7	%		77.3	%		(40	)		bps