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Sonic Automotive’s Inventory Administration Technologies Gets Ventana Research Overall Digital Management Award

CHARLOTTE, N.C.–(Organization WIRE)–Dec 9, 2020–

Sonic Automotive, Inc. (“Sonic” or the “Company”) ( NYSE:SAH ), a Fortune 500 Corporation and one particular of the nation’s greatest automotive suppliers, now declared it has been named the winner of the 13 th Yearly Ventana Study Over-all Digital Leadership Award. The award highlights Sonic’s use of Microstrategy HyperIntelligence to employ Purchaser Hypercards, supporting Sonic’s proprietary, field-top real-time motor vehicle stock administration platform.

The prestigious Ventana Exploration Electronic Leadership Awards understand leaders and pioneers who have contributed to their organization’s achievement and championed improvements across their men and women, procedures, and information and facts know-how. Buyer Hypercards are a essential ingredient of the Company’s EchoPark pre-owned car method, furnishing superior, analytical stock procurement help to allow the Corporation to resource the suitable autos, at the suitable cost, in a remarkably effective fashion.

“We are enormously proud of our staff for developing and employing our innovative Consumer Hypercards system,” explained Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. “As a company, we are dedicated to driving breakthroughs in automotive retailing technological innovation to increase running effectiveness and provide a wonderful car or truck order encounter for our guests.”

“Sonic Automotive’s use of MicroStrategy HyperIntelligence brings knowledge and information to employees somewhat than the other way all over,” explained David Menninger, SVP and Study Director, Ventana Investigate. “The software is an impressive use of analytics technological know-how built all around the way folks do their employment. Congratulations to all concerned.”

About EchoPark Automotive

EchoPark Automotive is a rising running section in just the Enterprise that specializes in pre-owned auto sales and gives a special visitor practical experience unlike traditional utilised automobile stores. More data about EchoPark Automotive can be found at www.echopark.com.

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 500 business primarily based in Charlotte, North Carolina, is a person of the nation’s major automotive stores. Sonic can be achieved on the web at www.sonicautomotive.com.

About Ventana Investigation

Ventana Study is an authoritative and respected benchmark company technologies research and advisory solutions business. Enterprise and IT specialists globally are users of its group and advantage from Ventana Research’s insights, as do remarkably regarded media and association associates all around the world. To study how Ventana Study improvements the maturity of organizations’ use of info and technological innovation by way of benchmark analysis, schooling and advisory companies, stop by www.ventanaresearch.com.

Forward-Wanting Statements

Incorporated herein are ahead-searching statements, which includes predicted improvements in automotive retailing know-how, functioning efficiency and visitor knowledge. There are several variables that influence management’s sights about upcoming activities and developments of the Company’s enterprise. These variables contain dangers and uncertainties that could lead to real benefits or trends to vary materially from management’s views, which includes, with out limitation, economic ailments in the marketplaces in which we operate, new and utilised motor vehicle market revenue quantity, predicted future advancement in our EchoPark Segment, the achievement of our operational techniques, the rate and timing of over-all economic expansion or contraction, the influence of the COVID-19 pandemic and associated federal government-imposed limits on operations, and the risk things explained in the Company’s Once-a-year Report on Variety 10-K for the year finished December 31, 2019, the Company’s Quarterly Report on Variety 10-Q for the quarter ended September 30, 2020 and other reviews and info filed with the Securities and Trade Commission (the “SEC”). The Enterprise does not undertake any obligation to update forward-looking information and facts, except as needed underneath federal securities legislation and the regulations and laws of the SEC.

View source model on businesswire.com:https://www.businesswire.com/news/residence/20201209005027/en/

Make contact with: Trader Inquiries:

Heath Byrd, Government Vice President and Chief Financial 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]


Industry Keyword: AFTERMARKET AUTOMOTIVE Details Administration OTHER AUTOMOTIVE Know-how Offer CHAIN Management Normal AUTOMOTIVE RETAIL

Source: Sonic Automotive

Copyright Business enterprise Wire 2020.

PUB: 12/09/2020 06:55 AM/DISC: 12/09/2020 06:55 AM