Tag: Sonic Automotive
Sonic Automotive closes eight EchoPark locations to shift used-vehicle supply
Sonic Automotive, one of the largest dealership groups in the U.S., is closing eight EchoPark used-vehicle stores in response to supply and demand pressures,...
How Sonic Automotive was able to break records in 2022 —...
Sonic Automotive recently reported revenue records for the fourth quarter and fiscal year of 2022. On this episode of Inside Automotive, Jeff Dyke, the...
Sonic Automotive posts record breaking Q4 results for 2022
Sonic Automotive has revealed record-breaking fourth quarter results in its earnings report, with sizable gains in revenue and profit.
In Q4, the North Carolina dealer...
Sonic Automotive acquires Maryland dealership from AutoNation
Sonic Automotive announced that it has acquired Audis Owings Mills dealership, located just northwest of Baltimore, Maryland. The company purchased the dealerships from AutoNation. It is the company’s...
Sonic Automotive President Jeff Dyke discusses powerful Q2 2022 performance
Sonic Automotive has announced all-time record revenues and gross profit for the second quarter. The fortune 500 company based in Charlotte, North Carolina is...
Sonic Automotive reports all-time record revenues and gross profit for Q2
Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion,...
Legendary businessman, philanthropist and NASCAR Hall of Famer Bruton Smith passes...
CHARLOTTE, N.C. (June 22, 2022) – A visionary and transformative figure in both business and entertainment, Ollen Bruton Smith, the founder and executive chairman of Sonic Automotive (NYSE:SAH),...
Sonic Automotive partners with Instabase for document processing technology
Automotive retail giant Sonic Automotive Inc. has partnered with automation platform Instabase Inc. for its document processing capabilities. Instabase’s accounts payable invoice processing solution software...
Sonic Automotive opens EchoPark retail hub in Missouri
In a press release this week, Sonic Automotive said that its EchoPark brand has now expanded into Missouri as part of its goal to have 90%...
Sonic Automotive’s David Smith discusses semiconductor chips, EchoPark business
Last week, Sonic Automotive's Chief Executive Officer, David Smith, told the Charlotte Business Journal that his company had a great first quarter but is undoubtedly being impacted by...