Sonic Automotive, Inc. · NYSE:SAH
Sonic Automotive — Corporate Update (September 2020)
10 slides from Sonic Automotive's corporate update, Sep 15, 2020
Slide 1: Sonic Automotive Provides Updated Outlook, EchoPark Expanding Nationwide Distribution Network
Exhibit 99.1 Sonic Automotive Provides Updated Outlook, EchoPark Expanding Nationwide Distribution Network CHARLOTTE, N.C. – September 15, 2020 - Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today provided an updated outlook on antic
Slide 2: Forward-Looking Statements
Forward-Looking Statements Included herein are forward-looking statements, including statements regarding anticipated new and used vehicle sales volume, anticipated parts and service gross profit, anticipated new vehicle inventory shortages, anticipated new vehicle gross profit per unit, anticipated
Slide 3: Sonic Automotive – Update On COVID-19 Impact On 2020 Outlook
Sonic Automotive – Update On COVID-19 Impact On 2020 Outlook Updated September 15, 2020
Slide 4: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events, are not historical facts and are based on our current expectations and assumptions regarding our bu
Slide 5: Update on COVID-19 Impact 2020 Outlook
UPDATE ON COVID-19 IMPACT 2020 OUTLOOK 3
Slide 6: Franchised New Vehicles
Outlook – Franchised New Vehicles Franchised Dealerships New Vehicle Unit Sales Volume 14,000 12,000 10,000 8,000 6,000 New Vehicle Demand Stable, Ongoing Inventory Constraints In Specific Makes/Models Limiting Sales Volume, 4,000 But Expected To Benefit Gross Profit Per Unit Through Q3 2020 2,000 -
Slide 7: Franchised Used Vehicles
Outlook – Franchised Used Vehicles Franchised Dealerships Retail Used Vehicle Unit Sales Volume 14,000 12,000 10,000 8,000 Rare Disconnect Between Wholesale And Retail Market Pricing In August Drove 6,000 Temporary Slowdown In Inventory Turns And Retail Volume 4,000 2,000 - Jan Feb Mar Apr May Jun J
Slide 8: EchoPark Used Vehicles
Outlook – EchoPark Used Vehicles EchoPark Retail Used Vehicle Unit Sales Volume 8,000 Current Forecast Reflects Adjustments To Timing Of 7,000 Opening New Locations – Remain On Track For 13 Retail Hubs, 3 Delivery And Buy Centers By Year End 6,000 5,000 Rare Disconnect Between Wholesale And 4,000 Re
Slide 9: Franchised Fixed Operations
Outlook – Franchised Fixed Operations Franchised Dealerships Fixed Operations Gross Profit $ $70,000 $60,000 $50,000 Steady Recovery $40,000 Continues, Expect Return To Pre-COVID-19 Levels In Early 2021 (In Thousands) $30,000 $20,000 $10,000 $- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Origina
Slide 10: Investor Relations Contact
Investor Relations Contact: Sonic Automotive Inc. (NYSE: SAH) KCSA Strategic Communications Danny Wieland, Director of Financial Reporting David Hanover / Scott Eckstein ir@sonicautomotive.com sonic@kcsa.com (704) 927-3462 (212) 896-1220