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In 2002, Sonic acquired the sixteen-location
Michigan-based Don Massey Dealerships. This brought the company to 134 total locations, making it the second-largest automotive retailer at the time. The acquisition also brought Sonic to 23 total
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In July 2003, Sonic agreed to purchase eighteen dealerships, including the
Momentum Automotive Group in Houston, Texas. Sonic's presence in the Houston area had traditionally been with domestic brands, but the acquisition of Momentum added
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location and the associated real estate. The trade came about as a way for the brand to acquire a strong-performing
Chevrolet franchise, as well as a plot of land beside the dealership on which the new Murray Imports
337:. At the time, the company had 20 stores, representing 15 brands and several hundred employees. The Smith family holds over 30% of the total shares outstanding but has over 80% of the voting power because of a
528:
In
December 2021, Sonic acquired RFJ Auto Partners, a top-15 dealership group with approximately $ 3.2 billion in total annual revenues, adding 33 locations in six states to the Sonic Automotive portfolio.
360:
Sonic
Automotive owns EchoPark Automotive, a used car dealership chain also based in Charlotte. EchoPark allows customers to look up competitors' prices on mobile devices located throughout the stores.
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store was renamed
Ourisman Lexus of Rockville, as Graham has partnered with Chris Ourisman, president of the Ourisman Auto Group, to manage the locations. The Honda location in
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area dealership, which is now part of the
Echopark brand. EchoPark Automotive operates in 21 states across the United States with over 40 locations as of September 2021.
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to the
Doggett Auto Group. The store was renamed Doggett Ford and moved into a new facility alongside Doggett's John Deere equipment dealership.
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1011:"Sonic Automotive Acquires Audi Owings Mills in Maryland, Continuing the Expansion of its Franchised Dealership Network"
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EchoPark facilities are constructed with sustainable building technologies and some locations are LEED certified.
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997:"Sonic Automotive Continues Expansion of its Franchised Dealership Network with the Acquisition of Sun Chevrolet"
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market new and used cars, replacement parts and vehicle maintenance, as well as collision repair services.
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In
November 2014, Sonic traded one of its Don Massey Cadillac locations in Lone Tree, CO, to the
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brands to the companies portfolio. This sale also represented the first direct acquisition of a
890:"Elway, Massey auto dealerships trade ownership of Denver-area lots - Denver Business Journal"
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Sonic purchased two dealerships from PPE Houston in
January 2007. The acquisition of the
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and Jaguar stores brought Sonic to 173 franchises and 37 collision repair centers.
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Sonic acquired two franchises throughout 2022, the first being Sun Chevrolet in
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922:"Leslie Doggett Industries scoops up Lone Star Ford from Sonic Automotive"
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972:"Sonic Automotive Announces Completion of RFJ Auto Partners Acquisition"
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in 2016. These locations were re-branded under Sonic's EchoPark brand.
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Sonic Automotive was launched as a public company in November 1997 by
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dealerships, representing between 5-7% of the brand's total revenue.
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Sonic sold two dealerships to Graham Holdings in February 2019. The
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791:"Sonic Automotive Arrives Chain adding dealerships in metro area"
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franchise by a retail automotive group, with the purchase of two
823:"SONIC AUTOMOTIVE, INC. ANNOUNCES ACQUISITION OF 18 DEALERSHIPS"
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and completed its initial public offering on the NYSE in 1997.
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list. The company also is a member of the Russell 2000 Index.
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Sonic purchased the four AutoMatch USA used car locations in
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Sonic Automotive operates in 24 states with more than 100
958:"Sonic Automotive sells 2 dealerships to Graham Holdings"
380:. In September 2017, EchoPark purchased driversselect, a
862:"Sonic switches strategies, returns to acquisition mode"
805:"Sonic Automotive Acquires Chain of 16 Car Dealerships"
908:"Sonic takes EchoPark into Fla., Ga. With acquisition"
726:"Sonic Automotive to Start Used-Car Dealership Chain"
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49:. Unsourced material may be challenged and removed.
449:Sonic halted its acquisition strategy during the
617:"Automotive News Top 150 Dealership Groups 2022"
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464:Automotive Group in exchange for the John Elway
1048:Companies listed on the New York Stock Exchange
744:"Public groups adjust plans for selling used"
660:"Sonic Automotive Definitive Proxy Statement"
8:
1063:Companies based in Charlotte, North Carolina
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395:In 2001, Sonic made its entrance into the
364:The first EchoPark location opened in the
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317:representing over 25 different brands of
109:Learn how and when to remove this message
876:"Real Estate Drives Sonic - Elway Trade"
563:"Executive Team | Sonic Automotive"
536:coming in January, and the second, Audi
487:In October 2017, Sonic sold its Capitol
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376:was later opened along with a store in
684:"Sonic Automotive Fortune 500 Ranking"
502:In May 2018, Sonic sold its Lone Star
1058:Auto dealerships of the United States
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16:American automotive retailing company
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1053:Retail companies established in 1997
777:"Sonic details EchoPark store plans"
724:Rogers, Christina (18 August 2014).
47:adding citations to reliable sources
573:from the original on March 18, 2014
593:"SONIC AUTOMOTIVE, INC. FORM 10-K"
14:
499:to the Stivers Automotive Group.
399:market with the purchase of Boyd
837:"Sonic buys Houston dealerships"
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348:Sonic ranked 300th on the 2022
34:needs additional citations for
775:Wilson, Amy (15 August 2014).
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936:"Doggett enters car business"
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841:Charlotte Business Journal
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473:location could be built.
304:Charlotte, North Carolina
210:Charlotte, North Carolina
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646:"About Sonic Automotive"
372:in 2014. A location in
623:. Crain Communications
391:Sales and acquisitions
122:Sonic Automotive, Inc.
976:Sonic Automotive, Inc
762:Sonic Automotive, Inc
534:Chittenango, New York
228:Chairman of the Board
758:"Investor Relations"
339:dual-class structure
43:improve this article
1068:Automotive websites
1033:EchoPark Automotive
878:. 17 December 2014.
809:Wall Street Journal
730:Wall Street Journal
567:sonicautomotive.com
356:EchoPark Automotive
272:EchoPark Automotive
257:Number of employees
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999:. 18 January 2022.
960:. 4 February 2019.
910:. 28 October 2016.
864:. 11 January 2013.
811:. 16 January 2002.
793:. 2 November 2001.
569:. March 17, 2014.
343:Super-voting stock
261:10,200 (2021)
199:Ollen Bruton Smith
58:"Sonic Automotive"
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978:. 7 December 2021
940:theleadernews.com
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41:Please help
36:verification
33:
664:www.sec.gov
508:Houston, TX
350:Fortune 500
323:dealerships
319:automobiles
315:dealerships
300:Fortune 500
237:Jeff Dyke (
167:S&P 600
1042:Categories
982:2022-09-08
847:2022-06-23
693:2022-09-08
669:2022-09-08
602:2022-09-08
544:References
462:John Elway
444:Land Rover
374:Centennial
219:Key people
181:Automotive
99:March 2014
69:newspapers
577:March 17,
519:Rockville
489:Chevrolet
466:Chevrolet
401:Chevrolet
239:President
169:component
163:(Class A)
148:Traded as
627:April 4,
571:Archived
437:Bay Area
413:Cadillac
368:area of
366:Thornton
177:Industry
688:Fortune
493:Hyundai
482:Georgia
478:Florida
460:-based
329:History
278:Website
195:Founder
187:Founded
159::
83:scholar
491:&
458:Denver
433:Saturn
425:Jaguar
382:Dallas
321:. The
212:, U.S.
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405:Honda
341:with
298:is a
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629:2022
579:2014
504:Ford
480:and
429:Audi
427:and
287:.com
157:NYSE
62:news
597:SEC
517:of
471:BMW
421:BMW
246:CFO
232:CEO
230:) (
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