Sonic Automotive
| Public | |
| Traded as | NYSE: SAH |
| Industry | Automotive |
| Founder | O Bruton Smith |
| Headquarters | Charlotte, North Carolina, United States |
Key people |
O Bruton Smith Chairman of the Board, Chief Executive Officer[1] B. Scott Smith President, Chief Strategic Officer, Director[1] |
| Subsidiaries | EchoPark Automotive |
| Website |
www |
Sonic Automotive, Inc. (NYSE: SAH) is a Fortune 500 company based in Charlotte, North Carolina, and is one of the largest automotive retailers in the United States. The company's founder and CEO is O Bruton Smith, who is also the founder and CEO of Speedway Motorsports (NYSE: TRK). [2] Sonic ranked 309th on the 2014 Fortune 500 list.[3] The company also is a member of the Russell 2000 Index.[4]
Sonic Automotive operates in 14 states with more than 100 dealerships representing 25 different brands of automobiles.These dealerships provide numerous services, including sales of new and used cars; sales of replacement parts; vehicle maintenance, warranty, paint, and collision repair services; and arrangement of extended warranty contracts, financing, and insurance for the company's customers.[2]
History
Sonic Automotive was launched as a public company in November 1997 by O. Bruton Smith. At the time, the company had 20 stores, representing 15 brands and several hundred employees.[2]
EchoPark Automotive
Sonic Automotive owns EchoPark Automotive, a used-car dealer also based in Charlotte.[5] EchoPark allows customers to look up competitors' prices on mobile devices located throughout the stores.[5]
The first EchoPark location opened in the Thornton area of Denver, Colorado in 2014. Locations in Centennial and Highlands Ranch, Denver were later opened. EchoPark facilities are LEED certified and constructed with sustainable building technologies.[6]
EchoPark is led by the Sonic Automotive team of President and CEO Scott Smith, Vice Chairman David Smith, Executive VP of Operations Jeff Dyke and Vice President Tim Keen.[5]
References
- 1 2 "Executive Team | Sonic Automotive". sonicautomotive.com. March 17, 2014. Archived from the original on March 17, 2014. Retrieved March 17, 2014.
- 1 2 3 Automotive, Sonic. "About Sonic Automotive - Taking The High Road".
- ↑ "Fortune 500". 6 June 2016.
- ↑ "FTSE Russell".
- 1 2 3 Rogers, Christina (18 August 2014). "Sonic Automotive to Start Used-Car Dealership Chain" – via Wall Street Journal.
- ↑ Wilson, Amy. "Sonic details EchoPark store plans".