Sonic Automotive Announces Opening of EchoPark Atlanta, its Initial Locale in State of Ga

ATLANTA–(Enterprise WIRE)–Dec 21, 2020–

Sonic Automotive, Inc. (“Sonic” or the “Company”) ( NYSE:SAH ), a Fortune 500 Enterprise and a person of the nation’s premier automotive suppliers, today announced the opening of its newest EchoPark specialty pre-owned auto retailer in the Atlanta market.

EchoPark Atlanta is the Company’s 15th place to-date, its first in Georgia, and follows the most current grand openings of EchoPark places in Nashville, Tennessee and Plano, Texas. Guests in the Atlanta marketplace will be capable to shop a extensive assortment of higher excellent, a single to four-year aged pre-owned motor vehicles, priced up to 40 % down below new auto pricing.

The new keep is the initially of its kind for EchoPark, repurposing a previous large-box retail retail outlet with a guest-welcoming, open up setting for utilised car or truck purchasing. The recently renovated facility is in a significant-visibility area with near proximity to the freeway providing connectivity to the Atlanta/Duluth market place. It is a earn/win for the community, as the building has a new everyday living and individuals now have entry to an great choice of pre-owned vehicles at fantastic rates and an sector-primary guest experience.

“The demand from customers for good quality, almost new automobiles at down below-industry selling prices reveals no indicators of abating, specifically in main metropolitan marketplaces like Atlanta,” said Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. “We will continue to meet up with this desire throughout the nation by accelerating our roll-out of new EchoPark spots as aspect of our ongoing 140-place, 5-year expansion plan.”

Due to the fact the start of EchoPark in 2014, the model has been one of the biggest success stories in pre-owned automotive retail. The Organization options to grow its EchoPark footprint to a 140-stage nationwide distribution network by 2025, which is envisioned to retail 575,000 autos every year and make $14 billion in EchoPark revenues by that time.

“EchoPark’s model promise facilities all-around down below-market place pricing, substantial automobile quality and an remarkable guest expertise,” reported Heath Byrd, Main Monetary Officer of Sonic Automotive and EchoPark Automotive. “Our record revenue quantity in the 3rd quarter is even more validation that these elements are hitting the mark with people and positions EchoPark as one particular of the top specialty pre-owned motor vehicle shops nationwide. With 1000’s of delighted attendees in just about every of our existing marketplaces, we are fired up to deliver the exact same wonderful EchoPark working experience to new marketplaces as we continue on our quick enlargement.”

EchoPark Atlanta is positioned at 3296 Commerce Ave. NW, Duluth, GA 30096, and can be achieved by mobile phone at 678-537-6625 or on the web at www.echopark.com.

About EchoPark Automotive

EchoPark Automotive is a expanding operating section inside of the Organization that specializes in pre-owned car or truck sales and supplies a exceptional guest expertise as opposed to classic used car or truck stores. More details about EchoPark Automotive can be found at www.echopark.com.

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 500 business dependent in Charlotte, North Carolina, is 1 of the nation’s greatest automotive retailers. Sonic can be attained on the net at www.sonicautomotive.com.

Forward-Looking Statements

Provided herein are forward-on the lookout statements, together with statements regarding anticipated pre-owned automobile income projections, predicted future EchoPark revenues, and the opening of added EchoPark places. There are lots of components that have an impact on management’s sights about potential functions and developments of the Company’s company. These things contain hazards and uncertainties that could result in true success or trends to differ materially from management’s sights, which include, with out limitation, financial circumstances in the markets in which we run, new and used car or truck field profits quantity, expected long term expansion in our EchoPark Segment, the good results of our operational tactics, the amount and timing of in general economic enlargement or contraction, the impact of the COVID-19 pandemic and linked governing administration-imposed limitations on operations, and the threat things explained in the Company’s Once-a-year Report on Form 10-K for the yr finished December 31, 2019, the Company’s Quarterly Report on Form 10-Q for the quarter finished September 30, 2020 and other experiences and information filed with the Securities and Trade Fee (the “SEC”). The Business does not undertake any obligation to update forward-searching facts, except as expected underneath federal securities guidelines and the principles and rules of the SEC.

Look at source model on businesswire.com:https://www.businesswire.com/information/dwelling/20201221005024/en/

Get hold of: Investor Inquiries:

Heath Byrd, Govt Vice President and Main Economical Officer (704) 566-2400

Danny Wieland, Investor Relations (704) 927-3462

[email protected]

Push Inquiries:

Danielle DeVoren / Anthony Feldman

212-896-1272 / 347-487-6194

[email protected]/[email protected]

Key word: UNITED STATES NORTH The us Ga

Market Key word: Adult males On the net RETAIL OTHER RETAIL Loved ones SPECIALTY Buyer Basic AUTOMOTIVE AFTERMARKET AUTOMOTIVE RETAIL Gals OTHER AUTOMOTIVE

Source: Sonic Automotive, Inc.

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PUB: 12/21/2020 06:55 AM/DISC: 12/21/2020 06:55 AM

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