Our High Growth EchoPark Segment Offers a Unique Approach to Pre-Owned Vehicle and F&I Sales. Below-Market Pricing with a No Haggle Purchase Experience Drives Industry-Leading Guest Satisfaction.
LOCATIONS
STATES
FY 2021 REVENUE
FY 2021 VEHICLES SOLD
46*
19
$2.3 Billion
77,835 vehicles
TARGET
TARGET
Q4 2021
2 million
10% market share
3.2% market share
Annual Vehicle Sales
Of 1-4 Year Old Vehicles
Of 1-4 Year Old Vehicles In
at Maturity
at Maturity
Existing Markets
For more company information visit ir.sonicautomotive.com/
*Includes 11 Northwest Motorsport Pre-Owned Vehicle Locations Acquired in December 2021 in Conjunction with the RFJ Auto Acquisition.
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Sonic Automotive Inc. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 12:05:11 UTC.
Sonic Automotive, Inc. is an automotive retailer in the United States. The Company operates through three segments. The Franchised Dealerships segment provides comprehensive sales and services, including sales of both new and used cars and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services, collectively, Fixed Operations; and arrangement of third-party financing, extended warranties, service contracts, insurance, and other aftermarket products, collectively, finance and insurance (F&I) for its guests. The EchoPark segment sells used cars and light trucks and arranges third-party F&I product sales for its guests in pre-owned vehicle specialty retail locations. The Powersports segment offers guests sales of both new and used powersports vehicles, such as motorcycles, personal watercraft, and all-terrain vehicles; Fixed Operations activities; and F&I services.