Sonic Invests in EchoPark Featured
28 February 2018
Sonic Automotive Inc. reports that its EchoPark stores grew their sales by over 2,800 units in the fourth quarter. The standalone used-car stores sold over 10,600 units for the year with nearly 4,500 units retailed in the fourth quarter. EchoPark brand has become nearly 20 percent of Sonic's total pre-owned volume.Sonic expects to open a third EchoPark store in San Antonio, two stores in the Charlotte market, and its first EchoPark store in Houston during 2018. The vast majority of the company’s capital spending in 2018 will support the expansion of its EchoPark brand.