CHARLOTTE, N.C.–(Company WIRE)–Mar 22, 2022–
Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) ( NYSE:SAH ), a Fortune 500 business and one particular of the nation’s greatest automotive merchants, these days declared the appointment of Stephen Carvelli as Main Technologies Officer of Sonic Automotive and EchoPark Automotive, a subsidiary of Sonic Automotive.
Stephen Carvelli CTO, Sonic Automotive (Image: Organization Wire)
Carvelli joins the firm soon after most a short while ago serving as the Vice President of Software program Advancement Engineering for Comcast Company. He has about 25 many years of experience in engineering getting led a wide variety of technology approach, implementation, and electronic retailing capabilities at Lowe’s, Chico’s, and American Eagle.
“We are thrilled to provide Stephen Carvelli on board as our company’s 1st Main Know-how Officer,” mentioned David Smith, CEO of Sonic Automotive and EchoPark Automotive. “His knowledge in technological innovation tactic, merged with his prior perform developing digital retail answers, aligns with our motivation to furnishing an exceptional visitor encounter to consumers who shop on the net or in-store at our Sonic and EchoPark dealerships.”
The appointment of Carvelli as CTO even further solidifies Sonic Automotive’s motivation to the long-expression results of its expansion prepare for the franchised dealership community and EchoPark Automotive. Now, the company has 111 franchised dealership places, 36 EchoPark places, and an aggressive progress strategy to carry on expanding the community in 2022 and over and above.
“This is a significant working day for our organization and the future of our technology system,” explained Jeff Dyke, President of Sonic Automotive. “Stephen’s history primary engineering infrastructure approach and his achievement implementing digital retail initiatives complements our expansion strategy and goal to give an remarkable electronic and in-retail outlet knowledge for our visitors. He’s also a wonderful cultural suit with our teammates.”
“I am thrilled to be a part of Sonic and EchoPark and support the company’s target to provide an exceptional electronic and related in-keep guest working experience,” claimed Stephen Carvelli. “By holding our guests at the forefront of almost everything we do, and leveraging the most recent technology, we will deliver a differentiated digital automotive visitor encounter.”
Sonic Automotive, Inc., a Fortune 500 firm based mostly in Charlotte, North Carolina, is on a quest to develop into the most valuable automotive retailer and assistance manufacturer in The usa. Our Enterprise tradition thrives on creating, innovating, and providing market-primary guest activities, pushed by strategic investments in technological know-how, teammates, and strategies that in the end fulfill possession desires, enrich lives, and provide happiness to our friends and teammates. As a person of the premier automotive shops in The usa, we are dedicated to delivering on this objective even though pursuing expansive expansion and getting progressive actions to be the leader in this group. Our new platforms, plans, and persons are set to push the up coming era of automotive activities. More details about Sonic Automotive can be uncovered at www.sonicautomotive.com and ir.sonicautomotive.com.
About EchoPark Automotive
EchoPark Automotive is one of the quickest escalating and most extensive vendors of nearly new pre-owned vehicles in The us these days. Our quick development plan is predicted to provide our exclusive enterprise design to 90% of the U.S. populace by 2025, using one particular of the most innovative technology-enabled gross sales strategies in our marketplace. Our method delivers a customized and tested visitor-centric acquiring process that continuously provides award winning visitor encounters and excellent benefit to car or truck potential buyers nationwide, with discounts of up to $3,000 vs . the opposition. We feel EchoPark is on pace to come to be the #1 retailer in the practically new pre-owned car sector by 2025, and is already generating its mark by earning the 2021 Consumer Gratification Award from DealerRater, growing its Proprietor Practical experience Facilities, developing an all-new electronic ecommerce system and concentrating on escalating its manufacturer nationwide. EchoPark’s mission is in its name: Each and every Car or truck justifies a Joyful Operator. This drives the auto obtaining experience for company and differentiates EchoPark from the competitiveness. Additional details about EchoPark Automotive can be identified at www.echopark.com.
Forward-Seeking Statements
Integrated herein are forward-on the lookout statements, including statements relating to anticipated future U.S. populace coverage for EchoPark, expected upcoming revenue projections, and predicted long run retail unit gross sales quantity projections. There are a lot of variables that affect management’s sights about potential events and tendencies of the Company’s small business. These factors involve dangers and uncertainties that could cause real results or traits to differ materially from management’s sights, such as, devoid of limitation, economic situations in the marketplaces in which we function, new and applied car or truck industry revenue volume, anticipated future advancement in our EchoPark Segment, the good results of our operational methods, the amount and timing of in general financial growth or contraction, the impact of the COVID-19 pandemic and associated governing administration-imposed restrictions on operations, and the hazard elements described in the Company’s Once-a-year Report on Type 10-K for the year ended December 31, 2021 and other studies and facts submitted with the Securities and Exchange Commission (the “SEC”). The Business does not undertake any obligation to update forward-searching details, besides as demanded underneath federal securities legal guidelines and the regulations and rules of the SEC.
Make contact with: Trader Inquiries:
Heath Byrd, Govt Vice President and Main Economical Officer 704-566-2400
Danny Wieland, Vice President, Investor Relations 704-927-3462
Joshua Greenwald / Danielle DeVoren
646-379-7971 / 212-896-1272
Key phrase: UNITED STATES NORTH The usa NORTH CAROLINA
Industry Search term: AUTOMOTIVE Common AUTOMOTIVE
Source: Sonic Automotive, Inc.
Copyright Enterprise Wire 2022.
PUB: 03/22/2022 06:55 AM/DISC: 03/22/2022 06:55 AM
Copyright Organization Wire 2022.
