News & Videos - SONIC AUTOMOTIVE INC.

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Summary All-time record quarterly revenues of $3.7 billion, up 4% year-over-year; quarterly gross profit of $568.9 million, down 3% year-over-year Reported second quarter net income of $23.4 million, down 75% year-over-year...

Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today announced it will release fiscal 2023 second quarter financial results on Thursday, July 27, 2023 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the...

Sonic Automotive, Inc. (“Sonic’’ or the “Company”) ( NYSE:SAH ), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the implementation of its plans to align the EchoPark brand with current pre-owned market conditions that are being negatively impacted by lower production of new vehicles over the past three years and historically low lease penetration and lease returns, resulting in lower availability of used vehicles and higher wholesale...

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary Record first quarter revenues of $3.5 billion, up 1% year-over-year; quarterly gross profit of $553.5 million, down 3% year-over-year Reported first quarter net income of $47.7 million, down 51% year-over-year ($1.29...

Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today announced it will release fiscal 2023 first quarter financial results on Thursday, April 27, 2023 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the...

Sonic Automotive, Inc. (“Sonic’’ or the “Company”) ( NYSE:SAH ), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the promotion of Angela Broadway to Chief Human Resources Officer (CHRO), effective February 8, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230228005404/en/ Angela Broadway, Chief Human Resources Officer, Sonic Automotive, Inc. (Photo: Business Wire) Angela...

Sonic Automotive, Inc. (“Sonic’’ or the “Company”) ( NYSE:SAH ), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the acquisition of Black Hills Harley-Davidson , the world-wide preeminent Harley-Davidson dealership located in Rapid City, South Dakota and home of the Sturgis Motorcycle Rally , the largest motorcycle rally in the world. This press release features multimedia. View the full release here:...

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Summary All-time record quarterly revenues of $3.6 billion, up 13% year-over-year; record fourth quarter gross profit of $576.1 million, up 9% year-over-year Reported fourth quarter net loss of $190.9...

Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today announced it will release fiscal 2022 fourth quarter and full year financial results on Wednesday, February 15, 2023 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the...

EchoPark and Matic, a leading digital insurtech platform, announced today a long-term partnership to provide property and casualty insurance products to EchoPark guests. Under the partnership, Matic’s innovative insurance marketplace of over 40 A-rated carriers will be integrated into EchoPark’s easy-to-use and award-winning online car buying experience, providing a frictionless way for buyers to shop for and purchase auto insurance. The two companies have a joint foundation of saving guests...

Marcus Lemonis, business mogul, TV personality, motivational speaker, and most importantly, philanthropist, is at it again this holiday season with another holiday giving spree. Every year, Marcus gives away almost $2 million in gifts with his social posts #HolidaysWithMarcus and this year he adds another exciting twist. Marcus often gives away unique gifts that include known and big brands to those in need, and this year he’s giving away several vehicles from EchoPark Automotive , a...

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the third quarter and nine months ended September 30, 2022. Key Highlights Record third quarter revenues of $3.4 billion, up 12% year-over-year; record third quarter gross profit of $580.7 million, up 23% year-over-year Record third quarter net income of $87.3 million ($2.23 per diluted share) Selling, general and...

Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today announced it will release fiscal 2022 third quarter financial results on Thursday, October 27, 2022 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the...

Sonic Automotive, Inc. (“Sonic’’ or the “Company”) ( NYSE:SAH ), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the continued expansion of the EchoPark Automotive brand with the opening of its newest Retail Hub in Roseville near Sacramento, California. EchoPark Sacramento is the brand’s second location in California. To date, EchoPark has 41 Retail Hubs and Delivery Centers across 21 states, and is continuing its expansion toward a...

Sonic Automotive, Inc. (“Sonic'' or the “Company”) ( NYSE:SAH ), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the continued expansion of the EchoPark Automotive brand with the opening of its newest Delivery Center in Tulsa, the second largest city in Oklahoma. The Tulsa Delivery Center is EchoPark’s first location in the state of Oklahoma, and 40th location to date. It follows the recent openings of its new retail hub in St. Louis,...

EchoPark Automotive , a subsidiary of Sonic Automotive , one of the largest automotive dealership groups in the United States, today announced that it has selected VaynerMedia as its fully integrated agency of record. In a first-of-its-kind partnership, the agency will be responsible for providing full creative, strategic, analytical, social and media services as the brand expands its advertising and marketing capabilities. VaynerMedia’s appointment was awarded following a competitive review....

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the second quarter and six months ended June 30, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220728005247/en/ Key Second Quarter 2022 Highlights All-time record quarterly revenues of $3.7 billion, up 9% year-over-year, all-time record quarterly...

Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), one of the nation’s largest automotive retailers, today announced it will release fiscal 2022 second quarter financial results on Thursday, July 28, 2022 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the...

EchoPark Automotive Tampa's new student-inspired exterior wall mural is already proving to be a positive addition to the surrounding community. The design of the recently completed mural celebrates the important role cars play in our everyday lives and in Tampa’s culture. EchoPark Tampa is located at 4636 N. Dale Mabry Highway, and the mural is highly visible to cars passing by on the busy roadway. This press release features multimedia. View the full release here:...

Please see the statement below from David Smith, CEO of Sonic Automotive, Inc. (“Sonic'' or the “Company”) ( NYSE:SAH ), on the passing of the Company’s founder and executive chairman Bruton Smith. “Yesterday, our company’s founder, executive chairman, and my father, Bruton Smith, passed away. He lived a truly remarkable life fulfilling his love for the automobile business, motorsports, philanthropy and most of all his family. I’m forever grateful for the countless opportunities he...