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Company Profile
- Sonic Automotive, Inc.
- Country : United States
- City: Charlotte
- State: North Carolina - NC
- Address: 5401 E. Independence Blvd.
- Zipcode: 28212
- Category: Fortune 500 Companies
- Description: No stranger to speed, Bruton Smith has raced Sonic Automotive into its place as the US's #3 dealer group (behind AutoNation and United Auto Group). Founded with five dealerships in 1997, Sonic owns about 190 new- and used-car dealerships and more than 40 collision repair centers in 13 states. Sonic sells some 30 brands of cars and light trucks. Luxury brands account for about 25% of new-car sales. The company has bought Don Massey Cadillac, the largest Cadillac dealer in the US. Sonic is selling 14 lots to Capital Automotive REIT. CEO Smith controls more than 70% of Sonic's voting power. He is also CEO and majority owner of Speedway Motorsports, which runs six racetracks.
- Products: Automotive Retailing, Services
- Employees: 10,000