Sonic Invests in EchoPark

February 28, 2018

Sonic Automotive Inc. reports that its EchoPark stores grew their sales by over 2,800 units in the fourth quarter.

The standalone used-car stores sold over 10,600 units for the year with nearly 4,500 units retailed in the fourth quarter. 

EchoPark brand has become nearly 20 percent of Sonic's total pre-owned volume.

Sonic expects to open a third EchPark store in San Antonio, two stores in the Charlotte market, and its first EchoPark store in Houston during 2018. 

The vast majority of the company’s capital spending in 2018 will support the expansion of its EchoPark brand.

Carvana Co. has opened a Carvana Curbside operation in Birmingham, Ala. Carvana Curbside is a smaller format purchase fulfillment concept.

Robert Beck, president, Stop ‘N Drive Motors, San Antonio, Texas: “We have one location and we opened up in 2005.

Repay – Realtime Electronic Payments, a provider of payment technology products and processing services, announced a new partnership with PassTime.

CarMax Makes Fortune List

February 14, 2018

For 14 consecutive years, CarMax Inc.  has been named by Fortune magazine as one of its 100 Best Companies to Work For.

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