Echopark Guitars

Sonic Automotive Reports Record Third Quarter Revenues

Retrieved on:

Thursday, October 26, 2023

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 third quarter ended September 30, 2023.

Key Points:

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 third quarter ended September 30, 2023.
David Smith, Chairman and Chief Executive Officer of Sonic Automotive, stated, “We are proud of our team’s performance in the third quarter, delivering financial results that reflect our ability to leverage our diversified business model to adapt to changing market dynamics.
As we expected, despite reducing our EchoPark store footprint by 50%, in the third quarter we retailed 12% more vehicles than the second quarter and reduced our EchoPark adjusted EBITDA loss to $5.2 million, compared to a $31.8 million adjusted EBITDA loss in the second quarter of 2023.
For telephone access to this conference call, please dial (877) 407-8289 (domestic) or +1 (201) 689-8341 (international) and ask to be connected to the Sonic Automotive Third Quarter 2023 Earnings Conference Call.

Sonic Automotive Announces EchoPark’s Plans to Address Current Pre-Owned Market Volatility

Retrieved on:

Thursday, June 22, 2023

Other Retail, Automotive, Professional Services, Specialty, Online, Entertainment, Other Automotive, General Automotive, Retail, Other Professional Services, Insurance, SAH, Echopark Guitars, EBITDA, Sonic, Automotive industry, Environment, NYSE

In accordance with this plan, Sonic has indefinitely suspended operations at eight EchoPark locations and additional related Delivery/Buy Centers which will enable Sonic to allocate more vehicles to key markets and increase capacity to address current demand in those markets.

Key Points:

In accordance with this plan, Sonic has indefinitely suspended operations at eight EchoPark locations and additional related Delivery/Buy Centers which will enable Sonic to allocate more vehicles to key markets and increase capacity to address current demand in those markets.
Sonic has positioned EchoPark to quickly adjust as market conditions change.
Recent data shows improvement in pre-owned wholesale pricing but Sonic expects continued volatility in the wholesale price environment into 2024.
These improvements in market conditions will enable Sonic to continue the expansion of EchoPark’s geographic footprint into new markets.

Sonic Automotive Reports Record First Quarter Revenues

Retrieved on:

Thursday, April 27, 2023

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.

Key Points:

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.
David Smith, Chairman and Chief Executive Officer of Sonic Automotive, stated, “We are proud of our team’s performance in the first quarter, and are excited to build on last year's success as we move forward in 2023.
Despite ongoing challenges in the automotive retail industry, including rising interest rates and vehicle affordability concerns, we remain focused on delivering an exceptional guest experience and executing our long-term strategic plan.
For telephone access to this conference call, please dial (877) 407-8289 (domestic) or +1 (201) 689-8341 (international) and ask to be connected to the Sonic Automotive First Quarter 2023 Earnings Conference Call.

EchoPark Brings More Happiness to Owners With Digital Insurance Technology Platform Partner Matic

Retrieved on:

Tuesday, January 17, 2023

Insurance, Automotive, General Automotive, Other Retail, Specialty, Professional Services, Other Automotive, Retail, Online Retail, Partnership, Echopark Guitars, Matic, E-commerce, Sonic Automotive, Online shopping

EchoPark and Matic, a leading digital insurtech platform, announced today a long-term partnership to provide property and casualty insurance products to EchoPark guests.

Key Points:

EchoPark and Matic, a leading digital insurtech platform, announced today a long-term partnership to provide property and casualty insurance products to EchoPark guests.
EchoPark saves guests up to $3,000 on the purchase price of quality used vehicles, while Matic saves EchoPark guests up to $579 per year on auto insurance.
“We are thrilled to partner with EchoPark and their innovative eCommerce platform to further enhance the car buying experience.”
The new program will leverage Matic’s proprietary technology to automate personalized auto insurance offers to EchoPark guests.
Matic will continue to add new insurance offerings to meet customer needs within the EchoPark car buying experience.

EchoPark Automotive Is Excited to Be a Part of #HolidaysWithMarcus

Retrieved on:

Wednesday, December 7, 2022

Marcus didn't pick just any automotive retailer, he specifically sought EchoPark Automotive to participate in this years giving spree.

Key Points:

Marcus didn't pick just any automotive retailer, he specifically sought EchoPark Automotive to participate in this years giving spree.
We are excited to be a part of this experience with Marcus Lemonis and look forward to making @PatrickTheGiver a Happy Owner of a high-quality vehicle from EchoPark Automotive.
Were honored to be involved and look forward to making each experience at EchoPark Automotive special for the deserving winners, said Jeff Dyke, President of Sonic Automotive.
EchoPark Automotive is one of the fastest growing and most comprehensive retailers of nearly new pre-owned vehicles in America today.

Sonic Automotive Continues to Grow its EchoPark Nationwide Distribution Network with Retail Hub Opening near Sacramento, California

Retrieved on:

Wednesday, September 7, 2022

Sonic Automotive, Inc. (Sonic or the Company) ( NYSE:SAH ), a Fortune 500 Company and one of the nations 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.

Key Points:

Sonic Automotive, Inc. (Sonic or the Company) ( NYSE:SAH ), a Fortune 500 Company and one of the nations 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.
To date, EchoPark has 41 Retail Hubs and Delivery Centers across 21 states, and is continuing its expansion toward a nationwide distribution network that is expected to reach 90 percent of the U.S. population by 2025.
Regardless of location, EchoParks success has come from its award-winning guest experience that is grounded in the mission of creating Happy Owners.
EchoPark Automotive is one of the fastest growing and most comprehensive retailers of nearly new pre-owned vehicles in America today.

Sonic Automotive Continues to Expand its EchoPark Nationwide Distribution Network with Delivery Center Opening in Tulsa, Oklahoma

Retrieved on:

Wednesday, August 31, 2022

The Tulsa Delivery Center is EchoParks first location in the state of Oklahoma, and 40th location to date.

Key Points:

The Tulsa Delivery Center is EchoParks 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, Missouri and delivery center in Columbus, Georgia.
Oklahoma expands EchoPark into 21 states and continues the brands expansion toward a nationwide distribution network that is expected to reach 90 percent of the U.S. population by 2025.
We are pleased to announce the expansion of EchoPark into Oklahoma, said David Smith, CEO of Sonic Automotive.

Completed EchoPark Automotive Tampa Mural Attracts Attention Along Dale Mabry Highway

Retrieved on:

Thursday, July 7, 2022

EchoPark Automotive Tampa's new student-inspired exterior wall mural is already proving to be a positive addition to the surrounding community.

Key Points:

EchoPark Automotive Tampa's new student-inspired exterior wall mural is already proving to be a positive addition to the surrounding community.
EchoPark Tampa is located at 4636 N. Dale Mabry Highway, and the mural is highly visible to cars passing by on the busy roadway.
EchoPark Automotive is a subsidiary by Sonic Automotive, Inc. , a Fortune 500 Company and one of the nations largest automotive retailers.
Photos of the mural painting in progress, the completed mural, and the student artists with Carlos Pons are available upon request.

Sonic Automotive Continues to Grow its EchoPark Nationwide Distribution Network with Retail Hub Opening in St. Louis, Missouri

Retrieved on:

Tuesday, May 10, 2022

Sonic Automotive, Inc. (Sonic'' or the Company) ( NYSE:SAH ), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the continued expansion of the EchoPark Automotive brand with the opening of its newest Retail Hub in St. Louis, Missouri.

Key Points:

Sonic Automotive, Inc. (Sonic'' or the Company) ( NYSE:SAH ), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the continued expansion of the EchoPark Automotive brand with the opening of its newest Retail Hub in St. Louis, Missouri.
This location follows the recent opening of its new Delivery Center in Columbus, GA and Retail Hub in Raleigh, NC.
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We are very excited to announce the opening of our first EchoPark location in Missouri, said David Smith, CEO of Sonic Automotive.
Following its 2014 launch, EchoPark has rapidly become one of the pre-owned automotive retail industrys most prominent success stories.

EchoPark Automotive Tampa Announces Winners of Student Mural Contest

Retrieved on:

Monday, May 9, 2022

EchoPark Automotive Tampa is pleased to announce the winners of its student mural contest to celebrate cars and the importance they play in our everyday lives.

Key Points:

EchoPark Automotive Tampa is pleased to announce the winners of its student mural contest to celebrate cars and the importance they play in our everyday lives.
EchoPark Tampa is located at 4636 N. Dale Mabry Highway, and the mural will be highly visible to cars passing by on the busy roadway.
The mural will be painted by local artist Carlos Pons , and EchoPark Tampa partnered with Blake High School art teachers Molly Dressel and Linda Galgani to have their students participate in the contest.
EchoPark Automotive is owned by Sonic Automotive, Inc. , a Fortune 500 Company and one of the nations largest automotive retailers.