Type Public CEO Bruton Smith (Jan 1997–) Founded 1997 | Industry Automotive Founder Bruton Smith | |
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Traded as NYSE: SAH
S&P 600 Component Key people O Bruton Smith (Chairman of the Board, CEO)
B. Scott Smith (President, Chief Strategic Officer, Director) Website www.sonicautomotive.com Headquarters Charlotte, North Carolina, United States Stock price SAH (NYSE) US$ 20.20 -0.05 (-0.25%)24 Mar, 4:02 PM GMT-4 - Disclaimer Subsidiaries FirstAmerica Automotive Inc Profiles | ||
Sonic automotive commercial
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 Executive Chairman O. Bruton Smith is also the Executive Chairman and a director of Speedway Motorsports (NYSE: TRK). Sonic ranked 297th on the 2016 Fortune 500 list. The company also is a member of the Russell 2000 index.
Contents
Sonic Automotive operates in 14 states with more than 100 dealerships representing 25 different brands of automobiles. The dealerships market new and used car, replacement parts and vehicle maintenance, as well as collision repair services.
Sonic Guest Experience is a service concept for Sonic Automotive created under the leadership of CEO Scott Smith.
Under this service model, customers are matched with a dedicated Experience Guide for the entire buying process. Since the pricing is set using fair market value, consumers do not need to negotiate and car buying times are reduced with this model to one hour or less.
Sonic performs on-site appraisals for trade-ins and sales to the dealership, during which actual market value is determined.
Sonic Guest Experience is currently available at five Charlotte, NC area locations. The concept will roll out to additional locations in 2017.
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. The company's founder and CEO is also the Executive Chairman and a director of Speedway Motorsports (NYSE: TRK).
Sonic ranked 287th on the 2016 Fortune 500 list. The company also is a member of the Russell 2000 Index.
EchoPark Automotive
Sonic Automotive owns EchoPark Automotive, a used-car dealer also based in Charlotte. EchoPark allows customers to look up competitors' prices on mobile devices located throughout the stores.
The first EchoPark location opened in the Thornton area of Denver, Colorado in 2014. Locations in Centennial and Highlands Ranch, Denver were later opened. EchoPark facilities are LEED certified and constructed with sustainable building technologies.
EchoPark is led by the Sonic Automotive team of President and CEO Scott Smith, Vice Chairman David Smith, Executive VP of Operations Jeff Dyke and Vice President Tim Keen.