Sonic Automotive

#3906

Rank

$2.88B

Marketcap

United States

Country

Leadership team

Mr. David Bruton Smith (CEO & Chairman)

Mr. Frank Jeff Dyke (Pres & Director)

Mr. Heath R. Byrd (Exec. VP & CFO)

Products/ Services

Automotive, Customer Service, Retail

Number of Employees

1,000 - 20,000

Headquarters

Charlotte, North Carolina, United States

Established

1997

Company Registration

SEC CIK number: 0001043509

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

SAH

Social Media

URL

https://www.sonicautomotive.com

Overview

Location

Recognition and Award

References

Summary

Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.

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. The Smith family holds over 30% of the total shares outstanding but has over 80% of the voting power because of a dual-class structure with Super-voting stock.

Sonic ranked 300th on the 2022 Fortune 500 list. The company also is a member of the Russell 2000 Index.

Mission

We are an industry-leading automotive retailer committed to providing our customers with an outstanding automotive experience that is delivered with professionalism, integrity and enthusiasm.

Vision

Our vision is to be the automotive retailer of choice for customers, employees, supplier partners and communities.

Key Team

Mr. B. Scott Smith (Co-Founder & Director)

Ms. Rachel M. Richards (Chief Marketing Officer & VP)

Mr. Steve Wittman (Chief Digital Retail Officer)

Mr. Thomas Keen (Chief Operating Officer)

Mr. Stephen Carvelli (Chief Technology Officer)

Mr. Danny Wieland (VP of Investor Relations & Financial Reporting)

Mr. Stephen K. Coss (Sr. VP, Gen. Counsel & Sec.)

Recognition and Awards

Sonic Automotive has been placed on the Fortune 500 list and has been recognized as the top automotive retailer in the United States by Automotive News in 2018. It was also recognized as the Best Automotive Retailer by Automotive News in 2017 and 2018.