Long-Term Debt (Details Textual) (USD $)
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12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2012
Agreement
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Dec. 31, 2011
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Dec. 31, 2010
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Sep. 23, 2009
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Dec. 31, 2012
Assumed Notes [Member]
Notes
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Dec. 31, 2012
9.0% Senior Subordinate Note due 2018 [Member]
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Dec. 31, 2011
9.0% Senior Subordinate Note due 2018 [Member]
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Mar. 12, 2010
9.0% Senior Subordinate Note due 2018 [Member]
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Dec. 31, 2012
5.0% Convertible Senior Note due 2029 [Member]
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Dec. 31, 2011
5.0% Convertible Senior Note due 2029 [Member]
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Dec. 31, 2010
5.0% Convertible Senior Note due 2029 [Member]
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Jul. 27, 2012
5.0% Convertible Senior Note due 2029 [Member]
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Jun. 30, 2012
5.0% Convertible Senior Note due 2029 [Member]
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Sep. 23, 2009
5.0% Convertible Senior Note due 2029 [Member]
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Dec. 31, 2012
7.0% Senior Subordinated Notes due 2022 [Member]
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Dec. 31, 2012
5.0 % Convertible Notes [Member]
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Dec. 31, 2011
5.0 % Convertible Notes [Member]
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Dec. 31, 2012
Other Debt [Member]
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Dec. 31, 2011
Other Debt [Member]
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Dec. 31, 2012
Senior Subordinated Notes [Member]
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Jul. 02, 2012
Senior Subordinated Notes [Member]
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Dec. 31, 2012
Mortgage Loan at Fix Interest Rate [Member]
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Dec. 31, 2011
Mortgage Loan at Fix Interest Rate [Member]
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Dec. 31, 2012
Mortgage Loan at Variable Interest Rate [Member]
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Dec. 31, 2011
Mortgage Loan at Variable Interest Rate [Member]
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Dec. 31, 2012
Mortgage Notes Payable [Member]
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Dec. 31, 2011
Mortgage Notes Payable [Member]
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Sep. 30, 2012
Mortgage Notes [Member]
Properties
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Dec. 31, 2012
Mortgage Notes [Member]
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Dec. 31, 2012
2011 Used Vehicle Floor Plan Facility [Member]
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Dec. 31, 2012
Derivative Instruments and Hedging Activities [Member]
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Dec. 31, 2011
Derivative Instruments and Hedging Activities [Member]
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Dec. 31, 2010
Derivative Instruments and Hedging Activities [Member]
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Dec. 31, 2012
Derivative Instruments and Hedging Activities [Member]
Other Accrued Liabilities [Member]
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Dec. 31, 2011
Derivative Instruments and Hedging Activities [Member]
Other Accrued Liabilities [Member]
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Dec. 31, 2012
Derivative Instruments and Hedging Activities [Member]
Other Long term Liabilities [Member]
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Dec. 31, 2011
Derivative Instruments and Hedging Activities [Member]
Other Long term Liabilities [Member]
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Dec. 31, 2012
Maximum [Member]
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Dec. 31, 2012
Maximum [Member]
Mortgage Loan at Fix Interest Rate [Member]
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Dec. 31, 2012
Maximum [Member]
Mortgage Loan at Variable Interest Rate [Member]
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Dec. 31, 2012
Minimum [Member]
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Dec. 31, 2012
Minimum [Member]
Mortgage Loan at Fix Interest Rate [Member]
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Dec. 31, 2012
Minimum [Member]
Mortgage Loan at Variable Interest Rate [Member]
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Dec. 31, 2012
Weighted Average [Member]
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Dec. 31, 2012
2011 Revolving Credit Facility [Member]
Rate
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Dec. 31, 2011
2011 Revolving Credit Facility [Member]
Rate
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Dec. 31, 2012
2011 Revolving Credit Facility [Member]
Maximum [Member]
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Dec. 31, 2012
2011 Credit Facility [Member]
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Sep. 30, 2012
2011 Credit Facility [Member]
Maximum [Member]
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Dec. 31, 2012
2011 Credit Facility [Member]
Maximum [Member]
Required ratio [Member]
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Sep. 30, 2012
2011 Credit Facility [Member]
Minimum [Member]
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Dec. 31, 2012
2011 Credit Facility [Member]
Minimum [Member]
Required ratio [Member]
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Dec. 31, 2012
2011 New Vehicle Floor Plan Facility [Member]
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Dec. 31, 2012
2011 New Vehicle Floor Plan Facility [Member]
2011 Used Vehicle Floor Plan Facility [Member]
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Dec. 31, 2012
Paid-In Capital [Member]
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Dec. 31, 2011
Paid-In Capital [Member]
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Dec. 31, 2012
Paid-In Capital [Member]
5.0 % Convertible Notes [Member]
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Dec. 31, 2012
Common Class A [Member]
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Dec. 31, 2011
Common Class A [Member]
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Dec. 31, 2012
Common Class A [Member]
5.0% Convertible Senior Note due 2029 [Member]
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Jul. 27, 2012
Common Class A [Member]
5.0 % Convertible Notes [Member]
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Jul. 02, 2012
Common Class A [Member]
5.0 % Convertible Notes [Member]
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Long-Term Debt (Textual) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock issued | 4,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock issued | 4,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes maturity date | Mar. 15, 2018 | Oct. 01, 2029 | Jul. 15, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock price per share | $ 16.6554 | $ 16.6554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest on notes | 5.00% | 5.00% | 5.35% | 9.00% | 5.00% | 7.00% | 5.00% | 7.00% | 10.52% | 7.03% | 9.52% | 4.07% | 10.19% | 5.00% | 5.00% | |||||||||||||||||||||||||||||||||||||||||||||||
Receive Rate | one-month LIBOR | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt weighted average interest rate on note | 4.62% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate | 2.25% | 2.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock, shares issued | 61,352,134 | 56,377,778 | 4,100,000 | 4,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discount associated with notes | $ 1,100,000 | $ 1,200,000 | $ 17,700,000 | $ 1,700,000 | $ 17,700,000 | $ 700,000 | $ 900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premium associated with notes | 700,000 | 1,200,000 | 700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maturity date of 2011 Revolving credit facility and Floor plan facility | Aug. 15, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increased Borrowing Capacity | 225,000,000 | 175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of fair market value of common stock to calculate available credit facility | 50.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common stock shares pledged as collateral | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase in Credit facility Borrowing Capacity | 175,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowing Base | 175,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Letters of credit outstanding amount | 34,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5.0% Convertible Notes | 629,385,000 | 547,619,000 | 10,600,000 | 210,000,000 | 210,000,000 | 155,055,000 | 200,000,000 | 5,431,000 | 5,752,000 | 137,791,000 | 116,584,000 | 62,229,000 | 65,640,000 | 6,176,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Borrowing available | 134,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum Outstanding Balance for Maturity date Extension | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum Borrowing Capacity under 2011 Used Vehicle Facility | 80,000,000 | 500,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Allocation of Credit Facility Increase, percentage | 15.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Conversion, number of shares for weighted average pricing | 30.2070 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total amount paid in cash on conversion of debt | 137,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt extinguishment charges | 20,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount charged to interest, expense and other | 60,090,000 | 66,857,000 | 73,179,000 | 1,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Final consideration for convertible notes | 1,503.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EBTDAR to rent ratio | 3.00 | 1.50 | 1.00 | 1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured senior subordinated obligations, description | 9.0% Notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument date of required interest payments | semi-annually on March 15 and September 15 each year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument earliest redemption date | after March 15, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indenture 9.0% notes | 101.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restrictive covenants | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense associated with amortization of debt discount and deferred loan costs | 3,500,000 | 6,700,000 | 6,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest expense related to Convertible Notes | 4,200,000 | 8,400,000 | 8,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage financing aggregate | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage financing related to dealership properties | 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of swap positions | 34,300,000 | 37,600,000 | 12,100,000 | 13,200,000 | 22,200,000 | 24,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional forward | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate cash flow swap agreements | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duration of Interest rate cash flow swap agreements | July 2015 and terminate in June 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Incremental interest expense | 13,400,000 | 17,700,000 | 17,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
One-month LIBOR rate | 0.209% | 3.50% | 1.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net expense expected to be reclassified | 7,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate principal amount | 210,000,000 | 1,000 | 172,500,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes issued at a price of principal amount | 99.11% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes issued yield maturity, percentage | 5.00% | 7.125% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount on notes | 2,780,000 | 5,158,000 | 5,195,000 | 31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt discount on notes, net of taxes | 12,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated non convertible borrowing rate | 10.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repurchased aggregate principal amount in convertible notes | 232,800,000 | 20,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principal amount repurchased related to convertible notes | 155,100,000 | 30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount of outstanding convertible notes | 134,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated fair value of common stock issued | 67,900,000 | 614,000 | 564,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash Repayment on conversion | 164,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated fair value of common stock issued per share | $ 0.01 | $ 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of liability component | 48,100,000 | 49,700,000 | 156,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Date of first required payment | Jan. 15, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest payable description | Semi-annually in arrears on January 15 and July 15 of each year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes redeemed percentage of aggregate principal amount | 35.00% | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes redemption price percentage of the par value | 107.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes redemption price percentage of the par value due to change of control | 101.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument maximum allowed dividends per share | $ 0.10 | $ 0.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding principal amount of the 7.0% Notes | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indebtedness with outstanding balance | 35,000,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acceleration of notes obligation by holders | 25.00% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of notes payable | 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes payable due date | October 2015 and August 2016 | between June 2013 and March 2031 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Premium recorded on Notes payable | 7,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remaining unamortized premium balance | 700,000 | 1,200,000 | 700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Benefits and charges related to Cash flow swaps not designated as hedges | $ 700,000 | $ 800,000 | $ 4,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Covenants under 2011 Credit facilities | Sonic agreed under the 2011 Credit Facilities not to pledge any assets to any third party, subject to certain stated exceptions, including floor plan financing arrangements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restrictive Covenants Under 2011 Credit facilities and 7 % Notes | Specifically, the indenture governing Sonic’s 7.0% Notes limits Sonic’s ability to pay quarterly cash dividends on Sonic’s Class A and B common stock in excess of $0.10 per share. Sonic may only pay quarterly cash dividends on Sonic’s Class A and B common stock if Sonic complies with the terms of the indenture governing the 7.0% Notes. | The 2011 Credit Facilities contain certain negative covenants. Specifically, the 2011 Credit Facilities permit cash dividends on Sonic’s Class A and Class B common stock so long as no event of default (as defined in the 2011 Credit Facilities) has occurred and is continuing and provided that Sonic remains in compliance with all financial covenants under the 2011 Credit Facilities. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Default Description under 9% and 7% Notes | Sonic’s obligations under the 9.0% Notes may be accelerated by the holders of 25% of the outstanding principal amount of the 9.0% Notes then outstanding if certain events of default occur, including: (1) defaults in the payment of principal or interest when due; (2) defaults in the performance, or breach, of Sonic’s covenants under the 9.0% Notes; and (3) certain defaults under other agreements under which Sonic or its subsidiaries have outstanding indebtedness in excess of $35.0 million. | Sonic’s obligations under the 7.0% Notes may be accelerated by the holders of 25% of the outstanding principal amount of the 7.0% Notes then outstanding if certain events of default occur, including: (1) defaults in the payment of principal or interest when due; (2) defaults in the performance, or breach, of Sonic’s covenants under the 7.0% Notes; and (3) certain defaults under other agreements under which Sonic or its subsidiaries have outstanding indebtedness in excess of $35.0 million. |