CHARLOTTE, North Carolina – (COMMERCIAL THREAD) – 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 acquisition of Bobby Ford Chrysler Dodge Jeep RAM in Sealy, Texas. Effective today, the company will operate the dealership as Sealy’s Momentum Chrysler Dodge Jeep RAM, marking the 88e franchise location in the Company’s portfolio and its first Chrysler Dodge Jeep RAM (CDJR) dealership.
The dealership serves residents of Houston, Katy, Columbus, Brookshire, Sealy and surrounding areas of South Texas with new and used vehicles.
“We continue to enhance our automotive sales and service network in the State of Texas, with the addition of the Chrysler Dodge Jeep RAM brands to our franchised dealer network,” said David Smith, CEO of Sonic Automotive and ‘EchoPark Automotive. “This is our third acquisition this year, which, combined with ongoing acquisitions, allows us to exceed our previously announced goal of reaching $ 25 billion in revenue by 2025.”
“We are excited to add our first Chrysler Dodge Jeep RAM dealership to our growing network,” said Jeff Dyke, president of Sonic Automotive and EchoPark Automotive. “The strength of the Bobby Ford team and the CDJR brands will reignite our brand expansion efforts, paving the way for other CDJR locations that we plan to begin operating in the Northwest later this year in in connection with the recently announced acquisition of RFJ Auto Partners. Our team is ready to provide an exceptional customer experience and competitive pricing to CDJR consumers in the great state of Texas and beyond. ”
Visit our newest location
Sealy’s Momentum Chrysler Dodge Jeep RAM is located at 3704 I-10 Frontage Road, Sealy, Texas. It is open Monday to Friday from 9:00 a.m. to 7:00 p.m. and Saturday from 9:00 a.m. to 6:00 p.m. The store can be reached at (979) 559-9600 or online at www.bobbyfordcdjr.com.
About Sonic Automobile
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is on a quest to become America’s most valuable automotive retailer and service brand. Our corporate culture is fueled by creating, innovating and delivering cutting-edge customer experiences, driven by strategic investments in technology, teammates and ideas that ultimately make dreams come true. ownership, enrich life and bring happiness to our customers and teammates. As one of the largest automotive retailers in America, we are committed to achieving this goal while pursuing expansive growth and taking incremental steps to be the leader in this category. Our new platforms, programs and people are ready to drive the next generation of automotive experiences. You can find more information about Sonic Automotive at www.sonicautomotive.com and ir.sonicautomotive.com.
About EchoPark Automobile
EchoPark Automotive is the fastest growing, most comprehensive retailer of near-new used vehicles in America today. Our rapid growth plan is expected to bring our unique business model to 90% of the U.S. population by 2025, using one of the most innovative technology-based sales strategies in our industry. Our approach provides a proven, personalized, customer-centric buying process that consistently delivers award-winning customer experiences and superior value to car buyers nationwide, with savings of up to $ 3,000 over to competition. EchoPark is on track to become the # 1 retailer in the near-new pre-owned vehicle market by 2025, and is already making its mark by winning the 2021 Consumer Satisfaction Award from DealerRater, expanding its centers of owner’s experience, developing an all-new digital e-commerce platform and focusing on growing its brand nationwide. EchoPark’s mission is in its name: Every VSar deserves a Happly Oowner. This boosts the car buying experience for customers and sets EchoPark apart from the competition. You can find more information about EchoPark Automotive at www.echopark.com.
Included herein are forward-looking statements, including statements regarding projections of anticipated future income, the pending anticipated acquisition of RFJ Auto Partners, the future coverage of the US population planned for EchoPark. Many factors influence management’s opinion of future events and trends in the Company’s business. These factors involve risks and uncertainties that could cause actual results or trends to differ materially from the views of management, including, without limitation, economic conditions in the markets in which we operate, the sales volume of the new and used vehicle industry, the expected future growth in our EchoPark segment, the success of our operational strategies, the rate and timing of the overall economic expansion or contraction, the effect of the COVID-19 pandemic and related government restrictions on operations, and the risk factors described in the Company’s Annual Report on Form 10-K for the fiscal 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 by federal securities laws and SEC rules and regulations.