Trending...
- Publicity For Good is Offering Free Exposure for Expo East Participants as a Way of Giving Back
- Easy Blog SEO Content Optimization for Non-Techie Writers
- Tim Ferguson Safe Money & Income Radio To Wilmington
GREENSBORO, N.C.--(BUSINESS WIRE)--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 recent opening of an EchoPark Automotive delivery center in the Greensboro, North Carolina market.
"The pre-owned vehicle market continues to grow, and the way consumers shop and buy vehicles is trending toward a more modern, consumer-friendly approach. We are excited to meet this growing demand by bringing our unique EchoPark experience to the Greensboro – Winston-Salem – High Point market, where we will offer a new population of car buyers an exceptional selection of high-quality, pre-owned vehicles, priced up to $3,000 below market with a modern, flexible guest-centric experience," said David Smith, Chief Executive Officer of Sonic Automotive and EchoPark Automotive.
Guests are able to visit in person or online at EchoPark.com to shop an inventory of 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. Upon arrival, guests work with an EchoPark experience guide, who will help answer any questions and finalize all transaction details before quickly getting them on their way home with their new purchase.
More on ncarol.com
"Over the past three years, consumers in the Piedmont Triad have already discovered the value of the EchoPark brand, traveling nearly 100 miles to save thousands of dollars purchasing a vehicle from our physical retail location in Charlotte. We are happy to announce that we have reduced that travel time by bringing our flexible, seamless car-buying experience to 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 25% population coverage by the end of 2021 and 90% population coverage by 2025, driving toward its interim goal of retailing 575,000 vehicles annually and generating $14 billion in EchoPark revenues by 2025.
Find Our Newest Locations
EchoPark Greensboro Delivery Center is located at 3604 West Wendover Avenue, Greensboro, North Carolina. It is open Monday to Friday from 10am to 7pm, and Saturday from 10am to 6pm. The store can be reached at (336) 815-4032 or online at www.echopark.com/dealerships/greensboro.
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.
More on ncarol.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.
"The pre-owned vehicle market continues to grow, and the way consumers shop and buy vehicles is trending toward a more modern, consumer-friendly approach. We are excited to meet this growing demand by bringing our unique EchoPark experience to the Greensboro – Winston-Salem – High Point market, where we will offer a new population of car buyers an exceptional selection of high-quality, pre-owned vehicles, priced up to $3,000 below market with a modern, flexible guest-centric experience," said David Smith, Chief Executive Officer of Sonic Automotive and EchoPark Automotive.
Guests are able to visit in person or online at EchoPark.com to shop an inventory of 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. Upon arrival, guests work with an EchoPark experience guide, who will help answer any questions and finalize all transaction details before quickly getting them on their way home with their new purchase.
More on ncarol.com
- Award Winning Clinician Returns to Gastonia
- America's Boating Channel Premieres INFLATABLE LIFE JACKETS
- Lee Enterprises Consulting Announces New Experts From Around the World
- New Real Estate "Just Looking" Program Is a Big Hit With Emerald Coast Home Buyers
- COVID-19 Vaccination Won't End at Two Shots, White House Says
"Over the past three years, consumers in the Piedmont Triad have already discovered the value of the EchoPark brand, traveling nearly 100 miles to save thousands of dollars purchasing a vehicle from our physical retail location in Charlotte. We are happy to announce that we have reduced that travel time by bringing our flexible, seamless car-buying experience to 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 25% population coverage by the end of 2021 and 90% population coverage by 2025, driving toward its interim goal of retailing 575,000 vehicles annually and generating $14 billion in EchoPark revenues by 2025.
Find Our Newest Locations
EchoPark Greensboro Delivery Center is located at 3604 West Wendover Avenue, Greensboro, North Carolina. It is open Monday to Friday from 10am to 7pm, and Saturday from 10am to 6pm. The store can be reached at (336) 815-4032 or online at www.echopark.com/dealerships/greensboro.
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.
More on ncarol.com
- The New Real Estate "Just Looking: Program Is A Big Hit With Orange Beach/Gulf Shores Area Residents!
- The New Real Estate "Just Looking" Program Is A Big Hit With Central Virginia Area Residents!
- 2021 Mensa Select® Winners Announced
- Publicity For Good is Offering Free Exposure for Expo East Participants as a Way of Giving Back
- The New Real Estate "Just Looking" Program Is A Big Hit With Triangle Area Residents!
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.
Filed Under: Business
0 Comments
Latest on ncarol.com
- Blue Line Aviation Welcomes New President as Aviation Training Company's Growth Continues
- Latino Author Wants Better Representation of Latino and Hispanic Creatives Beyond Hispanic Heritage Month
- EdTech Startup Builds on Early Traction in Remote Proctoring with New Crowdfunding Round
- First Prong of Federal COVID-19 Mandate to Require Millions of Vaccinations, Employers Held Accountable
- Tim Ferguson Safe Money & Income Radio To Wilmington
- The 5-Star Reviews Keep Coming for "Shadows in Light"
- 2021 Could Be 'Best Year Ever' for America's Nonprofits, New Report Suggests
- Kairos Strategy Group Announces Commitment to Global Efforts Advocating for Cybersecurity Best Practices during Cybersecurity Awareness Month
- SONSON® Launches New Bow Tie Collection Celebrating Creatives and Trailblazers: "EXCELLENCE"
- 2021 Triangle Parade of Homes Features 130 Homes Throughout Wake, Durham, Orange & Chatham Counties
- The Jewelers Loop: Make Sure You Go Out In Style With Premium Quality Jewelry And Accessories
- Professional Background Screening Association Announces 2021-22 Secretary/Treasurer
- RealResponse Continues Its Partner Expansion Program with Five New NCAA Division I Institutions
- KLC Hires Dan Womack As New President
- Weld Money, cryptocurrency bank card startup, raises capital from Magnus Capital, HSVC Capital, and Concorde Capital
- Obsidian Anime Lab, where fans get to create an anime!
- BeeRemote Launches Hive Working Revolution
- Four Seasons Plumbing Offers 7 Tips to Prep Homes for the Cold Season
- Calvetta Phair, Founder of 'The On It Foundation', Announces a Partnership with 3R Technology, a Seattle-based e-waste Recycling Company
- Announcing Two Japan Evening "Light-up" Events in Autumn 2021