Sonic Automotive, a Fortune 500 company and one of the nation’s largest automotive retailers, announced it has purchased approximately four acres of land directly adjacent to the company’s Charlotte, N.C., EchoPark location. The expanded property will accommodate approximately 400 additional inventory parking spaces, bringing the total inventory capacity at the Charlotte EchoPark retail hub location to approximately 1,000 vehicles.

“Our continued investment in our Charlotte EchoPark location reflects the increasing customer demand we’re seeing in the metro area and neighboring markets,”  said Chief Executive Officer David Smith. “Our Charlotte retail hub will continue to play a key role as we expand our EchoPark footprint throughout the region with the opening of additional EchoPark delivery and buy centers in the near future, which will enable consumers in new markets to experience the price, quality and convenience the EchoPark brand has to offer.”

The Charlotte EchoPark retail hub averages over 500 one to-four-year-old pre-owned vehicle sales per month.