Sonic Automotive Adds Additional Market To Its Growing EchoPark Nationwide Distribution Network & Digital Expansion In Louisville, Kentucky
Sonic Automotive (NYSE:SAH) announced the opening of a new EchoPark Automotive delivery center in Louisville, Kentucky, aimed at enhancing the pre-owned vehicle purchase experience. The center offers over 10,000 high-quality, pre-owned vehicles, priced up to $3,000 below market. Sonic aims for significant expansion, targeting 25% population coverage by the end of 2021 and 90% by 2025, with a goal of retailing 575,000 vehicles annually and generating $14 billion in revenues from EchoPark by 2025.
- Opening of a new EchoPark delivery center in Louisville expands market presence.
- Offers over 10,000 pre-owned vehicles at competitive pricing.
- Strong customer satisfaction evidenced by 15,000 five-star reviews.
- Plans for significant expansion with goals of covering 90% of the population by 2025 and reaching $14 billion in revenues.
- None.
Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the opening of an EchoPark Automotive delivery center in the Louisville, Kentucky market.
“The demand for a modern, consumer-friendly, pre-owned vehicle purchase experience continues to grow, and we are excited to introduce our unique EchoPark experience to Kentucky, where we will offer a new population of car buyers an exceptional selection of high-quality, pre-owned vehicles, priced up to
Guests are able to take delivery in person at our new Louisville location after conveniently shopping online at EchoPark.com and choosing from over 10,000 high quality, one- to four-year-old pre-owned vehicles under original factory warranty, with clean CarFax reports. From the EchoPark website, guests can complete a purchase online and schedule a convenient time for pickup at an EchoPark delivery center or retail sales center. Upon arrival, guests work with an EchoPark Experience Guide, who will help answer any questions and finalize all vehicle purchase details before quickly getting them on their way home with their new purchase. With over 15,000 five-star reviews to date, it’s clear that the EchoPark experience is resonating with our guests.
“Over the past year, car buyers in the Kentucky market have already discovered the value of the EchoPark brand, traveling hundreds of miles to save thousands of dollars purchasing a vehicle from our physical retail location in Nashville. We are happy to announce that we have reduced that travel time by bringing our flexible, seamless car-buying experience directly to this market as we continue to expand our nationwide reach,” said Jeff Dyke, President of Sonic Automotive and EchoPark Automotive.
Following its 2014 launch, EchoPark Automotive has rapidly become one of the pre-owned automotive retail industry’s most prominent success stories. The Company continues to expand its EchoPark footprint into new markets and anticipates
Find Our Newest Locations
EchoPark Louisville Delivery Center is located at 11601 Plantside Drive, Louisville, Kentucky. It is open Monday to Friday from 10am to 7pm, and Saturday from 10am to 6pm. The store can be reached at (502) 953-0503 or online at www.echopark.com/dealerships/louisville.
About EchoPark Automotive
EchoPark Automotive is a growing operating segment within the Company that specializes in pre-owned vehicle sales and provides a unique guest experience unlike traditional used car stores. More information about EchoPark Automotive can be found at www.echopark.com.
About Sonic Automotive
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is one of the nation’s largest automotive retailers. Sonic can be reached on the web at www.sonicautomotive.com.
Forward-Looking Statements
Included herein are forward-looking statements, including statements regarding anticipated future revenue levels, future profitability, pre-owned vehicle sales projections, the opening of additional EchoPark markets, and future population coverage. There are many factors that affect management’s views about future events and trends of the Company’s business. These factors involve risks and uncertainties that could cause actual results or trends to differ materially from management’s views, including, without limitation, economic conditions in the markets in which we operate, new and used vehicle industry sales volume, anticipated future growth in our EchoPark Segment, the success of our operational strategies, the rate and timing of overall economic expansion or contraction, the effect of the COVID-19 pandemic and related government-imposed restrictions on operations, and the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and other reports and information filed with the Securities and Exchange Commission (the “SEC”). The Company does not undertake any obligation to update forward-looking information, except as required under federal securities laws and the rules and regulations of the SEC.
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FAQ
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