About Business
Sonic Automotive is a public automotive that was founded on January 1, 1997, by Ollen Bruton Smith. The headquarters of the company is in Charlotte, North Carolina, U.S., and it is the fifth largest automotive retailer brand in the United States in terms of revenue. The current CEO and chairman of the company is David Smith. As of 2021, the company has a total number of 10,200 and operates in 24 states. Sonic Automotive has more than a hundred stores in the U.S., selling the products and cars of more than 25 brands. Moreover, during the launch of this company when it went public in 1997, it had only 20 stores. In 2022, Sonic Automotive got 300th place on the Fortune 500 companies list. Apart from that, it is also part of the S&P 600 components.
