May 24, 2022

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Sonic Automotive Acquires Subaru and Volkswagen Franchises, Increasing Its Franchised Dealership Network in the Condition of Colorado

CHARLOTTE, N.C.–(Business enterprise WIRE)–Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Firm and one particular of the nation’s most significant automotive vendors, now declared the acquisition of Grand Junction Subaru and Grand Junction Volkswagen in Grand Junction, Colorado.

“We are very energized to insert these two excellent franchises to the Sonic Automotive family members, even more strengthening our automotive profits and assistance network in the Colorado current market,” claimed David Smith, Main Govt Officer of Sonic Automotive and EchoPark Automotive. “Each of these award-profitable dealerships has demonstrated a extended-standing commitment to its clients and the neighborhood group, which is vital to the accomplishment of our growth tactic. These acquisitions depict a further measurable action toward our goal of $25 billion in full revenues by 2025.”

“These two franchises depict the to start with of quite a few forthcoming acquisitions for our franchised dealership organization, and we are happy to include Subaru to our brand name portfolio and carry on to mature our partnership with Volkswagen,” reported Jeff Dyke, President of Sonic Automotive and EchoPark Automotive. “Both of these models are in superior demand in the Colorado marketplace and will enable us to continue to grow our network in the western section of the condition, reaching new people past our present footprint.”

Inside the Point out of Colorado, Sonic Automotive operates BMW of Denver Downtown, Mercedes-Benz of Denver, Mountain States Toyota, and Land Rover of Roaring Fork, in addition to EchoPark Automotive locations in Thornton, Centennial and Colorado Springs.

Stop by Our Most recent Areas

Grand Junction Subaru is found at 651 Marketplace Street, Grand Junction, Colorado. It is open up Monday to Friday from 8:30am to 7pm, and Saturday from 8:30am to 6pm. The keep can be achieved at (888) 480-2307 or online at www.rockymtnsubaru.com.

Grand Junction Volkswagen is found at 653 Market place Road, Grand Junction, Colorado. It is open Monday to Friday from 8:30am to 7pm, and Saturday from 8:30am to 6pm. The retailer can be reached at (888) 461-2109 or online at www.grandjunctionvolkswagen.com.

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 500 corporation primarily based in Charlotte, North Carolina, is a single of the nation’s most significant automotive suppliers. Sonic can be attained on the net at www.sonicautomotive.com.

About EchoPark Automotive

EchoPark Automotive is a expanding running section in the Organization that specializes in pre-owned automobile product sales and presents a one of a kind guest experience not like traditional made use of automobile outlets. More information and facts about EchoPark Automotive can be discovered at www.echopark.com.

Forward-On the lookout Statements

Incorporated herein are ahead-looking statements, which includes statements pertaining to predicted potential income levels, potential acquisitions, and foreseeable future network enlargement. There are numerous things that have an effect on management’s views about upcoming events and trends of the Company’s enterprise. These factors entail hazards and uncertainties that could trigger precise final results or trends to vary materially from management’s sights, which includes, without limitation, financial ailments in the markets in which we function, new and utilized car or truck marketplace gross sales volume, anticipated long run progress in our EchoPark Phase, the accomplishment of our operational approaches, the charge and timing of total economic enlargement or contraction, the effect of the COVID-19 pandemic and connected federal government-imposed limits on operations, and the chance components described in the Company’s Once-a-year Report on Variety 10-K for the yr ended December 31, 2020 and other reviews and information and facts submitted with the Securities and Trade Fee (the “SEC”). The Firm does not undertake any obligation to update ahead-looking info, apart from as expected below federal securities laws and the policies and laws of the SEC.