Sonic Automotive Inc

Company Profile

• Business description

  Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 25 EchoPark used-vehicle stores, 16 collision centers, and 13 powersports locations. The franchise stores derive revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 86% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 58% of new-vehicle revenue. BMW is the largest brand at about 25%. 2023's revenue was $14.4 billion, with EchoPark's portion totaling $2.4 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

• Contact

  4401 Colwick Road
  CharlotteNC28211
  USA

  T: +1 704 566-2400

  E: [email protected]

  https://www.sonicautomotive.com

• Sector

  Consumer Cyclical

  Stock type

  Cyclical

• Industry

  Auto & Truck Dealerships

  Fiscal Year End

  31 December 2024

  Employees

  10,500