Sonic Automotive
| Public | |
| Traded as | NYSE: SAH |
| Industry | Automotive |
| Founder | O Bruton Smith |
| Headquarters | Charlotte, North Carolina, United States |
Key people |
O Bruton Smith Chairman of the Board, Chief Executive Officer[1] B. Scott Smith President, Chief Strategic Officer, Director[1] |
| Subsidiaries | EchoPark Automotive |
| Website |
www |
Sonic Automotive, Inc. (NYSE: SAH) is a Fortune 500 company based in Charlotte, North Carolina, and is one of the largest automotive retailers in the United States. The company's founder and CEO is O Bruton Smith, who is also the founder and CEO of Speedway Motorsports (NYSE: TRK). [2] Sonic ranked 309th on the 2014 Fortune 500 list.[3] The company also is a member of the Russell 2000 Index.[4]
Sonic Automotive operates in 14 states with more than 100 dealerships representing 25 different brands of automobiles.These dealerships provide numerous services, including sales of new and used cars; sales of replacement parts; vehicle maintenance, warranty, paint, and collision repair services; and arrangement of extended warranty contracts, financing, and insurance for the company's customers.[5]
History
Sonic Automotive was launched as a public company in November 1997 by O. Bruton Smith. At the time, the company had 20 stores, representing 15 brands and several hundred employees.[5]
Sonic Automotive owns EchoPark Automotive, a used-car dealer based in Charlotte, North Carolina.
References
- 1 2 "Executive Team | Sonic Automotive". sonicautomotive.com. March 17, 2014. Archived from the original on March 17, 2014. Retrieved March 17, 2014.
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