Sonic Automotive Inc. (SAH) Maintains Consistency in Sales Volume through Innovation, Multiple Revenue Streams

August 15, 2019 10:25:23
  • Sonic Automotive ranks among the top five retail automotive groups in the United States each year, as reported by industry publication Automotive News
  • The company has a new vehicle-centered retail division and its EchoPark Automotive used car division, both focused on innovations to the buying experience
  • During the second quarter, EchoPark’s sales grew by 68.7 percent as new vehicle sales volume slowed
  • Despite a downturn in new vehicle sales during the quarter, Sonic’s total sales established a number of consolidated all-time quarterly records

Innovative automotive retailer Sonic Automotive Inc. (NYSE: SAH) is a Fortune 500 company that consistently ranks among the top five largest retail automotive groups in the United States, growing from a small business with 20 stores in 1997 to a group of more than 100 stores selling 24 brands currently.

Sonic was one of seven U.S. retailers to report over 100,000 new vehicle sales last year, rising to just shy of 300,000 units sold when used and wholesale transactions were…

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