Used Cars

Higher pricing a speed bump for Sonic, Penske used-only stores

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July 31, 2022 04:00 AM

EchoPark's growing map

Used-vehicle seller EchoPark, launched by Sonic Automotive in 2014 as a single store in the Denver market, has expanded to 50 outlets nationwide, including 3 locations that opened in the 2nd quarter. Sonic says EchoPark is on pace to reach 50% U.S. population coverage by the end of 2022 and 90% by 2025. The map shows a sampling of locations.

Existing delivery centerFuture market opportunities
Existing retail hubFuture coverage area

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Note: Future locations and U.S. population coverage are based on projections. Actual results may differ.

Retail giants Sonic Automotive Inc. and Penske Automotive Group Inc. continue to grapple with challenges facing their used-only vehicle ventures, largely driven by elevated vehicle pricing.

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