| Market Capitalization (Millions $) |
2,656 |
| Shares
Outstanding (Millions) |
34 |
| Employees |
11,000 |
| Revenues (TTM) (Millions $) |
15,190 |
| Net Income (TTM) (Millions $) |
109 |
| Cash Flow (TTM) (Millions $) |
-59 |
| Capital Exp. (TTM) (Millions $) |
142 |
Business Description
Sonic Automotive Inc. is a well-known automotive company based in Charlotte, North Carolina. The company was founded in 1997 by the Scott Smith family, and it has grown into a publicly traded company operating over 100 dealerships across 12 states.
Sonic Automotive Inc. is a technology-driven company that prides itself on providing exceptional customer service while improving the car buying and ownership experience. The company generates revenue by selling new and used vehicles, as well as providing a range of services such as financing, insurance, and vehicle maintenance.
Sonic Automotive Inc. operates under various brand names, including EchoPark Automotive, BMW, MINI, Honda, Acura, Chevrolet, and Cadillac. EchoPark Automotive is Sonic Automotive Inc.es standalone brand that offers a new way of buying a used car. The brand sells high-quality used cars at fair prices and offers a unique customer experience where customers can shop and buy cars online or in-person.
Sonic Automotive Inc.es approach to customer service is based on a eOne Sonic, One Experiencee philosophy. The company aims to provide a seamless and consistent experience for customers across all of its dealerships. The companyes sales staff is not paid on commission, which promotes transparency and trust in the car buying process.
Sonic Automotive Inc.es commitment to innovation has led the company to develop and implement a range of technologies to streamline the car buying process. The company has invested in technologies such as online shopping and financing, virtual reality test drives, and a mobile app that offers real-time access to vehicle information.
Sonic Automotive Inc. has received numerous awards and recognition for its commitment to customer service and innovation. The company has been honored by Automotive News as one of the eBest Dealerships to Work Fore and has received accolades for its commitment to diversity and inclusion.
In 2020, Sonic Automotive Inc. reported revenue of $8 billion, a decrease from the previous year due to the COVID-19 pandemic. However, the company has implemented a cost-cutting strategy to improve profitability and remains optimistic about the future of the automotive industry.
In summary, Sonic Automotive Inc. is a technology-driven automotive company that prioritizes customer service and innovation. The company operates multiple dealerships across the United States, offers a range of services, and has received numerous awards and recognition for its commitment to excellence.
Company Address: 4401 Colwick Road Charlotte, 28211 NC
Company Phone Number: 566-2400 Stock Exchange / Ticker: SAH
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2.79% 
43.59 %