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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
348:. 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
539:
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.
371:
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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1022:"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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1008:"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
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901:"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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933:"Leslie Doggett Industries scoops up Lone Star Ford from Sonic Automotive"
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983:"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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802:"Sonic Automotive Arrives Chain adding dealerships in metro area"
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franchise by a retail automotive group, with the purchase of two
834:"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
969:"Sonic Automotive sells 2 dealerships to Graham Holdings"
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391:. In September 2017, EchoPark purchased driversselect, a
873:"Sonic switches strategies, returns to acquisition mode"
816:"Sonic Automotive Acquires Chain of 16 Car Dealerships"
919:"Sonic takes EchoPark into Fla., Ga. With acquisition"
737:"Sonic Automotive to Start Used-Car Dealership Chain"
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536:, has been renamed Ourisman Honda of Tysons Corner.
60:. Unsourced material may be challenged and removed.
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460:Sonic halted its acquisition strategy during the
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628:"Automotive News Top 150 Dealership Groups 2022"
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475:Automotive Group in exchange for the John Elway
1059:Companies listed on the New York Stock Exchange
755:"Public groups adjust plans for selling used"
671:"Sonic Automotive Definitive Proxy Statement"
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1074:Companies based in Charlotte, North Carolina
406:In 2001, Sonic made its entrance into the
375:The first EchoPark location opened in the
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328:representing over 25 different brands of
120:Learn how and when to remove this message
887:"Real Estate Drives Sonic - Elway Trade"
574:"Executive Team | Sonic Automotive"
547:coming in January, and the second, Audi
498:In October 2017, Sonic sold its Capitol
387:was later opened along with a store in
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695:"Sonic Automotive Fortune 500 Ranking"
513:In May 2018, Sonic sold its Lone Star
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1069:Auto dealerships of the United States
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27:American automotive retailing company
1064:Retail companies established in 1997
788:"Sonic details EchoPark store plans"
735:Rogers, Christina (18 August 2014).
58:adding citations to reliable sources
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584:from the original on March 18, 2014
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604:"SONIC AUTOMOTIVE, INC. FORM 10-K"
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848:"Sonic buys Houston dealerships"
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657:"About Sonic Automotive"
383:in 2014. A location in
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402:Sales and acquisitions
133:Sonic Automotive, Inc.
987:Sonic Automotive, Inc
773:Sonic Automotive, Inc
545:Chittenango, New York
239:Chairman of the Board
769:"Investor Relations"
350:dual-class structure
54:improve this article
1079:Automotive websites
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889:. 17 December 2014.
820:Wall Street Journal
741:Wall Street Journal
578:sonicautomotive.com
367:EchoPark Automotive
283:EchoPark Automotive
268:Number of employees
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18:EchoPark Automotive
1010:. 18 January 2022.
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921:. 28 October 2016.
875:. 11 January 2013.
822:. 16 January 2002.
804:. 2 November 2001.
580:. March 17, 2014.
354:Super-voting stock
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210:Ollen Bruton Smith
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69:"Sonic Automotive"
1024:. 17 August 2022.
989:. 7 December 2021
951:theleadernews.com
414:and Steve Bailey
313:company based in
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52:Please help
47:verification
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675:www.sec.gov
519:Houston, TX
361:Fortune 500
334:dealerships
330:automobiles
326:dealerships
311:Fortune 500
248:Jeff Dyke (
178:S&P 600
1053:Categories
993:2022-09-08
858:2022-06-23
704:2022-09-08
680:2022-09-08
613:2022-09-08
555:References
473:John Elway
455:Land Rover
385:Centennial
230:Key people
192:Automotive
110:March 2014
80:newspapers
588:March 17,
530:Rockville
500:Chevrolet
477:Chevrolet
412:Chevrolet
250:President
180:component
174:(Class A)
159:Traded as
638:April 4,
582:Archived
448:Bay Area
424:Cadillac
379:area of
377:Thornton
188:Industry
699:Fortune
504:Hyundai
493:Georgia
489:Florida
471:-based
340:History
289:Website
206:Founder
198:Founded
170::
94:scholar
502:&
469:Denver
444:Saturn
436:Jaguar
393:Dallas
332:. The
223:, U.S.
151:Public
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526:Lexus
416:Honda
352:with
309:is a
101:JSTOR
87:books
640:2022
590:2014
515:Ford
491:and
440:Audi
438:and
298:.com
168:NYSE
73:news
608:SEC
528:of
482:BMW
432:BMW
257:CFO
243:CEO
241:) (
172:SAH
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