{"id":396117,"date":"2020-12-09T06:58:19","date_gmt":"2020-12-09T11:58:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396117"},"modified":"2020-12-09T06:58:19","modified_gmt":"2020-12-09T11:58:19","slug":"sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/","title":{"rendered":"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award<\/b><\/p>\n<p>CHARLOTTE, N.C.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sonicautomotive.com%2F&amp;esheet=52344092&amp;newsitemid=20201209005027&amp;lan=en-US&amp;anchor=Sonic+Automotive%2C+Inc.&amp;index=1&amp;md5=dd3d3d159c330cf6fd83dc5d74203342\">Sonic Automotive, Inc.<\/a> (\u201cSonic\u201d or the \u201cCompany\u201d) (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.sonicautomotive.com%2Fstock-data%2Fquote&amp;esheet=52344092&amp;newsitemid=20201209005027&amp;lan=en-US&amp;anchor=NYSE%3ASAH&amp;index=2&amp;md5=aba240e284c0370ca928b497056ea766\">NYSE:SAH<\/a>), a Fortune 500 Company and one of the nation\u2019s largest automotive retailers, today announced it has been named the winner of the 13<sup>th<\/sup> Annual Ventana Research Overall Digital Leadership Award. The award highlights Sonic\u2019s use of Microstrategy HyperIntelligence to implement Buyer Hypercards, supporting Sonic\u2019s proprietary, industry-leading real-time vehicle inventory management platform.\n<\/p>\n<p>\nThe prestigious Ventana Research Digital Leadership Awards recognize leaders and pioneers who have contributed to their organization\u2019s success and championed improvements across their people, processes, and information technology. Buyer Hypercards are a key component of the Company\u2019s EchoPark pre-owned vehicle strategy, providing advanced, analytical inventory procurement support to enable the Company to source the right vehicles, at the right price, in a highly efficient manner.\n<\/p>\n<p>\n\u201cWe are tremendously proud of our team for developing and implementing our innovative Buyer Hypercards platform,\u201d said Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. \u201cAs a company, we are committed to driving advancements in automotive retailing technology to maximize operating efficiency and deliver a fantastic vehicle purchase experience for our guests.\u201d\n<\/p>\n<p>\n\u201cSonic Automotive\u2019s use of MicroStrategy HyperIntelligence brings data and information to employees rather than the other way around,\u201d said David Menninger, SVP and Research Director, Ventana Research. \u201cThe application is an innovative use of analytics technology designed around the way people do their jobs. Congratulations to all involved.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About EchoPark Automotive<\/span><\/b><\/p>\n<p>\nEchoPark Automotive is a growing operating segment within the Company that specializes in pre-owned vehicle sales and provides a unique guest experience unlike traditional used car stores. More information about EchoPark Automotive can be found at <span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.echopark.com&amp;esheet=52344092&amp;newsitemid=20201209005027&amp;lan=en-US&amp;anchor=www.echopark.com&amp;index=3&amp;md5=6cb44edf1326b710deb219ece59c5a44\">www.echopark.com<\/a><\/span>.\n<\/p>\n<p><b><span class=\"bwuline\">About Sonic Automotive<\/span><\/b><\/p>\n<p>\nSonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is one of the nation\u2019s largest automotive retailers. Sonic can be reached on the web at<b \/><span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sonicautomotive.com&amp;esheet=52344092&amp;newsitemid=20201209005027&amp;lan=en-US&amp;anchor=www.sonicautomotive.com&amp;index=4&amp;md5=8266317fec7ac0bf1b73b9a68165387f\">www.sonicautomotive.com<\/a><\/span>.\n<\/p>\n<p><b><span class=\"bwuline\">About Ventana Research<\/span><\/b><\/p>\n<p>\nVentana Research is an authoritative and respected benchmark business technology research and advisory services firm. Business and IT professionals worldwide are members of its community and benefit from Ventana Research&#8217;s insights, as do highly regarded media and association partners around the globe. To learn how Ventana Research advances the maturity of organizations\u2019 use of information and technology through benchmark research, education and advisory services, visit\u202f<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ventanaresearch.com%2F&amp;esheet=52344092&amp;newsitemid=20201209005027&amp;lan=en-US&amp;anchor=www.ventanaresearch.com&amp;index=5&amp;md5=087bdf9783dba5e17dec02c4ace447b2\">www.ventanaresearch.com<\/a>.\n<\/p>\n<p><b><span class=\"bwuline\">Forward-Looking Statements<\/span><\/b><\/p>\n<p>\nIncluded herein are forward-looking statements, including anticipated advancements in automotive retailing technology, operating efficiency and guest experience. There are many factors that affect management\u2019s views about future events and trends of the Company\u2019s business. These factors involve risks and uncertainties that could cause actual results or trends to differ materially from management\u2019s views, including, without limitation, economic conditions in the markets in which we operate, new and used vehicle industry sales volume, anticipated future growth in our EchoPark Segment, the success of our operational strategies, the rate and timing of overall economic expansion or contraction, the effect of the COVID-19 pandemic and related government-imposed restrictions on operations, and the risk factors described in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, the Company\u2019s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and other reports and information filed with the Securities and Exchange Commission (the \u201cSEC\u201d). The Company does not undertake any obligation to update forward-looking information, except as required under federal securities laws and the rules and regulations of the SEC.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005027r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201209005027\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201209005027\/en\/<\/a><\/span><\/p>\n<p><b>Investor Inquiries:<br \/>\n<\/b><br \/>Heath Byrd, Executive Vice President and Chief Financial Officer (704) 566-2400<br \/>\n<br \/>Danny Wieland, Investor Relations (704) 927-3462<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@sonicautomotive.com\">ir@sonicautomotive.com<\/a><b \/><\/p>\n<p><b>Press Inquiries:<br \/>\n<\/b><br \/>Danielle DeVoren \/ Anthony Feldman<br \/>\n<br \/>212-896-1272 \/ 347-487-6194<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ddevoren@kcsa.com\">ddevoren@kcsa.com<\/a>\/<a rel=\"nofollow\" href=\"mailto:afeldman@kcsa.com\">afeldman@kcsa.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America North Carolina<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Aftermarket Automotive Data Management Other Automotive Technology Supply Chain Management General Automotive Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award CHARLOTTE, N.C.&#8211;(BUSINESS WIRE)&#8211;Sonic Automotive, Inc. (\u201cSonic\u201d or the \u201cCompany\u201d) (NYSE:SAH), a Fortune 500 Company and one of the nation\u2019s largest automotive retailers, today announced it has been named the winner of the 13th Annual Ventana Research Overall Digital Leadership Award. The award highlights Sonic\u2019s use of Microstrategy HyperIntelligence to implement Buyer Hypercards, supporting Sonic\u2019s proprietary, industry-leading real-time vehicle inventory management platform. The prestigious Ventana Research Digital Leadership Awards recognize leaders and pioneers who have contributed to their organization\u2019s success and championed improvements across their people, processes, and information technology. Buyer Hypercards are a key component of the Company\u2019s EchoPark pre-owned vehicle strategy, providing advanced, analytical inventory procurement support &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396117","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award CHARLOTTE, N.C.&#8211;(BUSINESS WIRE)&#8211;Sonic Automotive, Inc. (\u201cSonic\u201d or the \u201cCompany\u201d) (NYSE:SAH), a Fortune 500 Company and one of the nation\u2019s largest automotive retailers, today announced it has been named the winner of the 13th Annual Ventana Research Overall Digital Leadership Award. The award highlights Sonic\u2019s use of Microstrategy HyperIntelligence to implement Buyer Hypercards, supporting Sonic\u2019s proprietary, industry-leading real-time vehicle inventory management platform. The prestigious Ventana Research Digital Leadership Awards recognize leaders and pioneers who have contributed to their organization\u2019s success and championed improvements across their people, processes, and information technology. Buyer Hypercards are a key component of the Company\u2019s EchoPark pre-owned vehicle strategy, providing advanced, analytical inventory procurement support &hellip; Continue reading &quot;Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T11:58:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005027r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award\",\"datePublished\":\"2020-12-09T11:58:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\\\/\"},\"wordCount\":666,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201209005027r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\\\/\",\"name\":\"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award - 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(\u201cSonic\u201d or the \u201cCompany\u201d) (NYSE:SAH), a Fortune 500 Company and one of the nation\u2019s largest automotive retailers, today announced it has been named the winner of the 13th Annual Ventana Research Overall Digital Leadership Award. The award highlights Sonic\u2019s use of Microstrategy HyperIntelligence to implement Buyer Hypercards, supporting Sonic\u2019s proprietary, industry-leading real-time vehicle inventory management platform. The prestigious Ventana Research Digital Leadership Awards recognize leaders and pioneers who have contributed to their organization\u2019s success and championed improvements across their people, processes, and information technology. Buyer Hypercards are a key component of the Company\u2019s EchoPark pre-owned vehicle strategy, providing advanced, analytical inventory procurement support &hellip; Continue reading \"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T11:58:19+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005027r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award","datePublished":"2020-12-09T11:58:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/"},"wordCount":666,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201209005027r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotives-inventory-management-technology-receives-ventana-research-overall-digital-leadership-award\/","name":"Sonic Automotive\u2019s Inventory Management Technology Receives Ventana Research Overall Digital Leadership Award - 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