{"id":441933,"date":"2021-02-23T08:58:16","date_gmt":"2021-02-23T13:58:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441933"},"modified":"2021-02-23T08:58:16","modified_gmt":"2021-02-23T13:58:16","slug":"sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\/","title":{"rendered":"Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market"},"content":{"rendered":"

<\/p>\n

Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market<\/b><\/p>\n

First Location in Arizona, 19th<\/sup> Location To-Date As Part of Rapidly Expanding 140-Point Nationwide Distribution Network<\/i><\/p>\n

PHOENIX–(BUSINESS WIRE<\/a>)–Sonic Automotive, Inc.<\/a> (\u201cSonic\u201d or the \u201cCompany\u201d) (NYSE:SAH<\/a>), a Fortune 500 Company and one of the nation\u2019s largest automotive retailers, today announced the opening of its newest EchoPark specialty pre-owned vehicle store in Avondale, Arizona (a suburb of Phoenix).\n<\/p>\n

\nEchoPark Phoenix is the Company\u2019s 19th<\/sup> location and follows recent openings in Atlanta, Georgia, and Knoxville, Tennessee. Guests in the Phoenix market will be able to visit in person or online at www.echopark.com<\/a> to shop an inventory of nearly 10,000 high quality one-to-four year-old pre-owned vehicles under original factory warranty, with clean CarFax reports, and priced up to 40 percent below new car pricing.\n<\/p>\n

\n\u201cOur fiscal year 2020 success reflects EchoPark\u2019s continued value proposition and its truly unique guest experience, inventory selection and unbeatable pricing,\u201d said Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. \u201cWe\u2019re kicking off the New Year by opening an EchoPark store in a new market, right here in Phoenix, Arizona and will continue executing our accelerated expansion plan, bringing the EchoPark guest experience to many additional markets in the coming months.\u201d\n<\/p>\n

\nIn the second quarter of 2020, Sonic Automotive announced it had accelerated its plans to expand its EchoPark footprint to a 140-point nationwide distribution network by 2025, which is expected to retail 575,000 vehicles annually and generate $14 billion in EchoPark revenues by that time.\n<\/p>\n

\n\u201cEchoPark continues to break records. For fiscal year 2020, we achieved all-time record revenue and retail sales volume while opening seven new EchoPark locations during the year,\u201d said Heath Byrd, Chief Financial Officer of Sonic Automotive and EchoPark Automotive. \u201cEchoPark\u2019s growth and performance tell us two things: the EchoPark hybrid business model continues to be compelling, and the market for specialty pre-owned vehicles continues to be favorable for expansion.\u201d\n<\/p>\n

\nEchoPark Phoenix is located at 10555 West Papago Fwy, Avondale, AZ 85323 and can be reached at (602) 654-4061, or online at www.echopark.com<\/a>.\n<\/p>\n

About EchoPark Automotive<\/span><\/b><\/p>\n

\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 www.echopark.com<\/a>.\n<\/p>\n

About Sonic Automotive<\/span><\/b><\/p>\n

\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 atwww.sonicautomotive.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/span><\/b><\/p>\n

\nIncluded herein are forward-looking statements, including statements regarding anticipated future revenue levels, future profitability, projected SG&A expense levels, pre-owned vehicle sales projections and the opening of additional EchoPark points. 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, 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>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210223005011\/en\/<\/a><\/span><\/p>\n

Investor Inquiries:
\n<\/b>
Heath Byrd, Executive Vice President and Chief Financial Officer (704) 566-2400
\n
Danny Wieland, Investor Relations (704) 927-3462
\n
ir@sonicautomotive.com<\/a><\/p>\n

Press Inquiries:
\n<\/b>
Danielle DeVoren \/ Anthony Feldman
\n
212-896-1272 \/ 347-487-6194
\n
ddevoren@kcsa.com<\/a>\/afeldman@kcsa.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Arizona<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Retail Automotive Specialty Other Transport Other Automotive General Automotive Transport Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market First Location in Arizona, 19th Location To-Date As Part of Rapidly Expanding 140-Point Nationwide Distribution Network PHOENIX–(BUSINESS WIRE)–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 the opening of its newest EchoPark specialty pre-owned vehicle store in Avondale, Arizona (a suburb of Phoenix). EchoPark Phoenix is the Company\u2019s 19th location and follows recent openings in Atlanta, Georgia, and Knoxville, Tennessee. Guests in the Phoenix market will be able to visit in person or online at www.echopark.com to shop an inventory of nearly 10,000 high quality one-to-four year-old pre-owned vehicles under original factory warranty, with … <\/p>\n

Continue reading “Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market”<\/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-441933","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market - 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-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market First Location in Arizona, 19th Location To-Date As Part of Rapidly Expanding 140-Point Nationwide Distribution Network PHOENIX–(BUSINESS WIRE)–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 the opening of its newest EchoPark specialty pre-owned vehicle store in Avondale, Arizona (a suburb of Phoenix). EchoPark Phoenix is the Company\u2019s 19th location and follows recent openings in Atlanta, Georgia, and Knoxville, Tennessee. Guests in the Phoenix market will be able to visit in person or online at www.echopark.com to shop an inventory of nearly 10,000 high quality one-to-four year-old pre-owned vehicles under original factory warranty, with … Continue reading "Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T13:58:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210223005011r1&sid=flmnd&distro=nx&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-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market\",\"datePublished\":\"2021-02-23T13:58:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\\\/\"},\"wordCount\":687,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210223005011r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sonic-automotive-expands-its-echopark-footprint-with-newest-store-in-phoenix-arizona-market\\\/\",\"name\":\"Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market - 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