(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
☒ | Accelerated filer | ☐ | |||||||||
Non-accelerated filer | ☐ | Smaller reporting company | |||||||||
Emerging growth company |
Page | ||||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 1. | ||||||||
Item 1A. | ||||||||
Item 2. | ||||||||
Item 6. | ||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(Dollars and shares in thousands, except per share amounts) | |||||||||||||||||||||||
Revenues: | |||||||||||||||||||||||
New vehicles | $ | $ | $ | $ | |||||||||||||||||||
Used vehicles | |||||||||||||||||||||||
Wholesale vehicles | |||||||||||||||||||||||
Total vehicles | |||||||||||||||||||||||
Parts, service and collision repair | |||||||||||||||||||||||
Finance, insurance and other, net | |||||||||||||||||||||||
Total revenues | |||||||||||||||||||||||
Cost of Sales: | |||||||||||||||||||||||
New vehicles | ( | ( | ( | ( | |||||||||||||||||||
Used vehicles | ( | ( | ( | ( | |||||||||||||||||||
Wholesale vehicles | ( | ( | ( | ( | |||||||||||||||||||
Total vehicles | ( | ( | ( | ( | |||||||||||||||||||
Parts, service and collision repair | ( | ( | ( | ( | |||||||||||||||||||
Total cost of sales | ( | ( | ( | ( | |||||||||||||||||||
Gross profit | |||||||||||||||||||||||
Selling, general and administrative expenses | ( | ( | ( | ( | |||||||||||||||||||
Impairment charges | ( | ( | ( | ( | |||||||||||||||||||
Depreciation and amortization | ( | ( | ( | ( | |||||||||||||||||||
Operating income (loss) | ( | ||||||||||||||||||||||
Other income (expense): | |||||||||||||||||||||||
Interest expense, floor plan | ( | ( | ( | ( | |||||||||||||||||||
Interest expense, other, net | ( | ( | ( | ( | |||||||||||||||||||
Other income (expense), net | ( | ||||||||||||||||||||||
Total other income (expense) | ( | ( | ( | ( | |||||||||||||||||||
Income (loss) from continuing operations before taxes | ( | ||||||||||||||||||||||
Provision for income taxes for continuing operations - benefit (expense) | ( | ( | ( | ||||||||||||||||||||
Income (loss) from continuing operations | ( | ||||||||||||||||||||||
Discontinued operations: | |||||||||||||||||||||||
Income (loss) from discontinued operations before taxes | ( | ( | ( | ( | |||||||||||||||||||
Provision for income taxes for discontinued operations - benefit (expense) | |||||||||||||||||||||||
Income (loss) from discontinued operations | ( | ( | ( | ( | |||||||||||||||||||
Net income (loss) | $ | $ | $ | ( | $ | ||||||||||||||||||
Basic earnings (loss) per common share: | |||||||||||||||||||||||
Earnings (loss) per share from continuing operations | $ | $ | $ | ( | $ | ||||||||||||||||||
Earnings (loss) per share from discontinued operations | ( | ( | ( | ||||||||||||||||||||
Earnings (loss) per common share | $ | $ | $ | ( | $ | ||||||||||||||||||
Weighted-average common shares outstanding | |||||||||||||||||||||||
Diluted earnings (loss) per common share: | |||||||||||||||||||||||
Earnings (loss) per share from continuing operations | $ | $ | $ | ( | $ | ||||||||||||||||||
Earnings (loss) per share from discontinued operations | ( | ( | ( | ||||||||||||||||||||
Earnings (loss) per common share | $ | $ | $ | ( | $ | ||||||||||||||||||
Weighted-average common shares outstanding |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||
Net income (loss) | $ | $ | $ | ( | $ | ||||||||||||||||||
Other comprehensive income (loss) before taxes: | |||||||||||||||||||||||
Change in fair value of interest rate swap and interest rate cap agreements | ( | ( | |||||||||||||||||||||
Amortization of terminated interest rate swap agreements | ( | ( | ( | ( | |||||||||||||||||||
Total other comprehensive income (loss) before taxes | ( | ( | ( | ||||||||||||||||||||
Provision for income tax benefit (expense) related to components of other comprehensive income (loss) | |||||||||||||||||||||||
Other comprehensive income (loss) | ( | ( | ( | ||||||||||||||||||||
Comprehensive income (loss) | $ | $ | $ | ( | $ |
September 30, 2020 | December 31, 2019 | ||||||||||
(Dollars in thousands) | |||||||||||
ASSETS | |||||||||||
Current Assets: | |||||||||||
Cash and cash equivalents | $ | $ | |||||||||
Receivables, net | |||||||||||
Inventories | |||||||||||
Other current assets | |||||||||||
Total current assets | |||||||||||
Property and Equipment, net | |||||||||||
Goodwill | |||||||||||
Other Intangible Assets, net | |||||||||||
Operating Right-of-Use Lease Assets | |||||||||||
Finance Right-of-Use Lease Assets | |||||||||||
Other Assets | |||||||||||
Total Assets | $ | $ | |||||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current Liabilities: | |||||||||||
Notes payable - floor plan - trade | $ | $ | |||||||||
Notes payable - floor plan - non-trade | |||||||||||
Trade accounts payable | |||||||||||
Operating short-term lease liabilities | |||||||||||
Finance short-term lease liabilities | |||||||||||
Accrued interest | |||||||||||
Other accrued liabilities | |||||||||||
Current maturities of long-term debt | |||||||||||
Total current liabilities | |||||||||||
Long-Term Debt | |||||||||||
Other Long-Term Liabilities | |||||||||||
Operating Long-Term Lease Liabilities | |||||||||||
Finance Long-Term Lease Liabilities | |||||||||||
Deferred Income Taxes | |||||||||||
Commitments and Contingencies | |||||||||||
Stockholders’ Equity: | |||||||||||
Class A Convertible Preferred Stock, | |||||||||||
Class A Common Stock, $ | |||||||||||
Class B Common Stock, $ | |||||||||||
Paid-in capital | |||||||||||
Retained earnings | |||||||||||
Accumulated other comprehensive income (loss) | ( | ( | |||||||||
Treasury stock, at cost; | ( | ( | |||||||||
Total Stockholders’ Equity | |||||||||||
Total Liabilities and Stockholders’ Equity | $ | $ |
Class A Common Stock | Class A Treasury Stock | Class B Common Stock | Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars and shares in thousands, except per share amounts) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at June 30, 2019 | $ | ( | $ | ( | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares awarded under stock compensation plans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases of treasury stock | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect of cash flow hedge instruments, net of tax benefit of $330 | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock amortization | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class A dividends declared ($0.10) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Class B dividends declared ($0.10) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2019 | $ | ( | $ | ( | $ | $ | $ | $ | $ |
Class A Common Stock | Class A Treasury Stock | Class B Common Stock | Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars and shares in thousands, except per share amounts) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at June 30, 2020 | $ | ( | $ | ( | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||||||||||||||||||||||||
Shares awarded under stock compensation plans | — | — | — | — | ( | — | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases of treasury stock | — | — | ( | ( | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Effect of cash flow hedge instruments, net of tax benefit of $9 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock and option amortization | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Class A dividends declared ($0.10) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Class B dividends declared ($0.10) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2020 | $ | ( | $ | ( | $ | $ | $ | $ | ( | $ |
Class A Common Stock | Class A Treasury Stock | Class B Common Stock | Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars and shares in thousands, except per share amounts) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2018 | $ | ( | $ | ( | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||||||
Shares awarded under stock compensation plans | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases of treasury stock | — | — | ( | ( | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Effect of cash flow hedge instruments, net of tax benefit of $1,726 | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock amortization | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Cumulative effect of change in accounting principle (1) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Class A dividends declared ($0.30) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Class B dividends declared ($0.30) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2019 | $ | ( | $ | ( | $ | $ | $ | $ | $ |
Class A Common Stock | Class A Treasury Stock | Class B Common Stock | Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Shares | Amount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Dollars and shares in thousands, except per share amounts) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2019 | $ | ( | $ | ( | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||||||||||||||||||||||||
Shares awarded under stock compensation plans | — | — | — | — | ( | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchases of treasury stock | — | — | ( | ( | — | — | — | — | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Effect of cash flow hedge instruments, net of tax benefit of $334 | — | — | — | — | — | — | — | — | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Restricted stock and option amortization | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Class A dividends declared ($0.30) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Class B dividends declared ($0.30) | — | — | — | — | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Balance at September 30, 2020 | $ | ( | $ | ( | $ | $ | $ | $ | ( | $ |
Nine Months Ended September 30, | |||||||||||
2020 | 2019 | ||||||||||
(Dollars in thousands) | |||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
Net income (loss) | $ | ( | $ | ||||||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization of property and equipment | |||||||||||
Provision for bad debt expense | |||||||||||
Debt issuance cost amortization | |||||||||||
Stock-based compensation expense | |||||||||||
Deferred income taxes | ( | ( | |||||||||
Net distributions from equity investee | |||||||||||
Asset impairment charges | |||||||||||
Loss (gain) on disposal of dealerships and property and equipment | ( | ( | |||||||||
Loss (gain) on exit of leased dealerships | ( | ||||||||||
Changes in assets and liabilities that relate to operations: | |||||||||||
Receivables | |||||||||||
Inventories | ( | ||||||||||
Other assets | ( | ( | |||||||||
Notes payable - floor plan - trade | ( | ( | |||||||||
Trade accounts payable and other liabilities | ( | ( | |||||||||
Total adjustments | ( | ||||||||||
Net cash provided by (used in) operating activities | ( | ||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
Purchases of land, property and equipment | ( | ( | |||||||||
Proceeds from sales of property and equipment | |||||||||||
Proceeds from sales of dealerships | |||||||||||
Net cash provided by (used in) investing activities | ( | ||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
Net (repayments) borrowings on notes payable - floor plan - non-trade | ( | ( | |||||||||
Borrowings on revolving credit facilities | |||||||||||
Repayments on revolving credit facilities | ( | ( | |||||||||
Proceeds from issuance of long-term debt | |||||||||||
Debt issuance costs | ( | ||||||||||
Principal payments and repurchase of long-term debt | ( | ( | |||||||||
Principal payments of long-term lease liabilities | ( | ( | |||||||||
Purchases of treasury stock | ( | ( | |||||||||
Issuance of shares under stock compensation plans | |||||||||||
Dividends paid | ( | ( | |||||||||
Net cash provided by (used in) financing activities | ( | ( | |||||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ( | ||||||||||
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | |||||||||||
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | $ | |||||||||
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES: | |||||||||||
Effect of cash flow hedge instruments (net of tax benefit of $ | $ | ( | $ | ( | |||||||
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||||||||||
Cash paid (received) during the period for: | |||||||||||
Interest, including amount capitalized | $ | $ | |||||||||
Income taxes | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Income (loss) from operations | $ | ( | $ | $ | ( | $ | ( | ||||||||||||||||
Gain (loss) on disposal | ( | ||||||||||||||||||||||
Lease exit accrual adjustments and charges | |||||||||||||||||||||||
Pre-tax income (loss) | $ | $ | ( | $ | $ | ||||||||||||||||||
Total revenues | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Income (loss) from operations | $ | ( | $ | ( | $ | ( | $ | ( | |||||||||||||||
Pre-tax income (loss) | $ | ( | $ | ( | $ | ( | $ | ( | |||||||||||||||
Total revenues | $ | $ | $ | $ |
September 30, 2020 | December 31, 2019 | ||||||||||
(In thousands) | |||||||||||
New vehicles | $ | $ | |||||||||
Used vehicles | |||||||||||
Service loaners | |||||||||||
Parts, accessories and other | |||||||||||
Net inventories | $ | $ |
September 30, 2020 | December 31, 2019 | ||||||||||
(In thousands) | |||||||||||
Land | $ | $ | |||||||||
Building and improvements | |||||||||||
Furniture, fixtures and equipment | |||||||||||
Construction in progress | |||||||||||
Total, at cost | |||||||||||
Less accumulated depreciation | ( | ( | |||||||||
Subtotal | |||||||||||
Less assets held for sale (1) | ( | ( | |||||||||
Property and equipment, net | $ | $ | |||||||||
September 30, 2020 | December 31, 2019 | ||||||||||
(In thousands) | |||||||||||
2016 Revolving Credit Facility (1) | $ | $ | |||||||||
6.125% Senior Subordinated Notes due 2027 (the “6.125% Notes”) | |||||||||||
2019 Mortgage Facility (2) | |||||||||||
Mortgage notes to finance companies - fixed rate, bearing interest from 2.41% to 7.03% | |||||||||||
Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR | |||||||||||
Subtotal | $ | $ | |||||||||
Debt issuance costs | ( | ( | |||||||||
Total debt | |||||||||||
Less current maturities | ( | ( | |||||||||
Long-term debt | $ | $ |
Redemption Price | |||||
Beginning on March 15, 2022 | % | ||||
Beginning on March 15, 2023 | % | ||||
Beginning on March 15, 2024 | % | ||||
Beginning on March 15, 2025 and thereafter | % |
Covenant | |||||||||||||||||
Minimum Consolidated Liquidity Ratio | Minimum Consolidated Fixed Charge Coverage Ratio | Maximum Consolidated Total Lease Adjusted Leverage Ratio | |||||||||||||||
Required ratio | |||||||||||||||||
September 30, 2020 actual |
Notional Amount | Cap Rate (1) | Receive Rate (1) (2) | Start Date | End Date | ||||||||||||||||||||||
(In millions) | ||||||||||||||||||||||||||
$ | one-month LIBOR | July 1, 2019 | June 30, 2020 | |||||||||||||||||||||||
$ | one-month LIBOR | July 1, 2019 | June 30, 2020 | |||||||||||||||||||||||
$ | one-month LIBOR | July 1, 2020 | June 30, 2021 | |||||||||||||||||||||||
$ | one-month LIBOR | July 1, 2020 | July 1, 2021 | |||||||||||||||||||||||
$ | one-month LIBOR | July 1, 2021 | July 1, 2022 |
Fair Value Based on Significant Other Observable Inputs (Level 2) | |||||||||||
September 30, 2020 | December 31, 2019 | ||||||||||
(In thousands) | |||||||||||
Assets: | |||||||||||
Cash surrender value of life insurance policies (1) | $ | $ | |||||||||
Interest rate caps designated as hedges (1) | |||||||||||
Total assets | $ | $ | |||||||||
Liabilities: | |||||||||||
Deferred compensation plan (2) | $ | $ | |||||||||
Total liabilities | $ | $ |
September 30, 2020 | December 31, 2019 | ||||||||||||||||||||||
Fair Value | Carrying Value | Fair Value | Carrying Value | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
6.125% Notes (1) | $ | $ | $ | $ | |||||||||||||||||||
Mortgage Notes (2) | $ | $ | $ | $ | |||||||||||||||||||
Gains and (Losses) on Cash Flow Hedges | Defined Benefit Pension Plan | Total Accumulated Other Comprehensive Income (Loss) | |||||||||||||||
(In thousands) | |||||||||||||||||
Balance at December 31, 2019 | $ | ( | $ | ( | $ | ( | |||||||||||
Other comprehensive income (loss) before reclassifications (1) | |||||||||||||||||
Amounts reclassified out of accumulated other comprehensive income (loss) (2) | ( | ( | |||||||||||||||
Net current-period other comprehensive income (loss) | ( | ( | |||||||||||||||
Balance at September 30, 2020 | $ | ( | $ | ( | $ | ( |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Segment Revenues: | |||||||||||||||||||||||
Franchised Dealerships Segment revenues: | |||||||||||||||||||||||
New vehicles | $ | $ | $ | $ | |||||||||||||||||||
Used vehicles | |||||||||||||||||||||||
Wholesale vehicles | |||||||||||||||||||||||
Parts, service and collision repair | |||||||||||||||||||||||
Finance, insurance and other, net | |||||||||||||||||||||||
Franchised Dealerships Segment revenues | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment revenues: | |||||||||||||||||||||||
Used vehicles | $ | $ | $ | $ | |||||||||||||||||||
Wholesale vehicles | |||||||||||||||||||||||
Parts, service and collision repair | |||||||||||||||||||||||
Finance, insurance and other, net | |||||||||||||||||||||||
EchoPark Segment revenues | $ | $ | $ | $ | |||||||||||||||||||
Total consolidated revenues | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Segment Income (Loss) (1): | |||||||||||||||||||||||
Franchised Dealerships Segment (2) | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total segment income (loss) | $ | $ | $ | $ | |||||||||||||||||||
Impairment charges (3) | ( | ( | ( | ( | |||||||||||||||||||
Income (loss) from continuing operations before taxes | $ | $ | $ | ( | $ | ||||||||||||||||||
Retail New and Used Vehicle Unit Sales Volume: | |||||||||||||||||||||||
Franchised Dealerships Segment | |||||||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total retail new and used vehicle unit sales volume |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Impairment Charges: | |||||||||||||||||||||||
Franchised Dealerships Segment | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total impairment charges | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Depreciation and Amortization: | |||||||||||||||||||||||
Franchised Dealerships Segment | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total depreciation and amortization | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Floor Plan Interest Expense: | |||||||||||||||||||||||
Franchised Dealerships Segment | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total floor plan interest expense | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Interest Expense, Other, Net: | |||||||||||||||||||||||
Franchised Dealerships Segment | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total interest expense, other, net | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Capital Expenditures: | |||||||||||||||||||||||
Franchised Dealerships Segment | $ | $ | $ | $ | |||||||||||||||||||
EchoPark Segment | |||||||||||||||||||||||
Total capital expenditures | $ | $ | $ | $ |
September 30, 2020 | December 31, 2019 | ||||||||||
(In thousands) | |||||||||||
Assets: | |||||||||||
Franchised Dealerships Segment assets | $ | $ | |||||||||
EchoPark Segment assets | |||||||||||
Corporate and other: | |||||||||||
Cash and cash equivalents | |||||||||||
Total assets | $ | $ |
December 31, 2019 | New Leases | Modifications (1) | Reduction / Amortization | September 30, 2020 | |||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||
ROU Assets: | |||||||||||||||||||||||||||||
Finance Leases | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Operating Leases | ( | ||||||||||||||||||||||||||||
Total ROU Assets | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Current Lease Liabilities: | |||||||||||||||||||||||||||||
Finance Leases | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Operating Leases | ( | ||||||||||||||||||||||||||||
Total Current Lease Liabilities | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Long-Term Lease Liabilities: | |||||||||||||||||||||||||||||
Finance Leases | $ | $ | $ | $ | ( | $ | |||||||||||||||||||||||
Operating Leases | ( | ||||||||||||||||||||||||||||
Total Long-Term Lease Liabilities | $ | $ | $ | $ | ( | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Lease Expense: | |||||||||||||||||||||||
Finance lease expense: | |||||||||||||||||||||||
Reduction of ROU assets | $ | $ | $ | $ | |||||||||||||||||||
Interest on lease liabilities | |||||||||||||||||||||||
Operating lease expense (1): | |||||||||||||||||||||||
Short-term lease expense (1) | |||||||||||||||||||||||
Variable lease expense | |||||||||||||||||||||||
Sublease income | ( | ( | ( | ( | |||||||||||||||||||
Total | $ | $ | $ | $ |
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Other Information: | |||||||||||||||||||||||
Cash paid for amounts included in the measurement of lease liabilities | |||||||||||||||||||||||
Financing cash flows for finance leases | $ | $ | $ | $ | |||||||||||||||||||
Operating cash flows for finance leases | $ | $ | $ | $ | |||||||||||||||||||
Operating cash flows for operating leases | $ | $ | $ | $ | |||||||||||||||||||
ROU assets obtained in exchange for lease liabilities | |||||||||||||||||||||||
Finance leases | $ | ( | $ | $ | $ | ||||||||||||||||||
Operating leases (1) | $ | $ | $ | $ | ( |
September 30, 2020 | September 30, 2019 | ||||||||||
Other Information: | |||||||||||
Weighted-average remaining lease term (in years) | |||||||||||
Finance leases | |||||||||||
Operating leases | |||||||||||
Weighted-average discount rate | |||||||||||
Finance leases | % | % | |||||||||
Operating leases | % | % |
Undiscounted Lease Cash Flows Under ASC 842 as of September 30, 2020 | |||||||||||||||||
Finance | Operating | Receipts from Subleases | |||||||||||||||
Year Ending December 31, | (In thousands) | ||||||||||||||||
Remainder of 2020 | $ | $ | $ | ( | |||||||||||||
2021 | ( | ||||||||||||||||
2022 | ( | ||||||||||||||||
2023 | ( | ||||||||||||||||
2024 | ( | ||||||||||||||||
Thereafter | ( | ||||||||||||||||
Total | $ | $ | $ | ( | |||||||||||||
Less: Present value discount | ( | ( | |||||||||||||||
Lease liabilities | $ | $ |
Region | Number of EchoPark Locations | |||||||
Texas | 5 | |||||||
Colorado | 3 | |||||||
California | 1 | |||||||
Florida | 1 | |||||||
North Carolina | 1 | |||||||
South Carolina | 1 | |||||||
Total | 12 | |||||||
Three Months Ended September 30, 2020 | Three Months Ended September 30, 2019 | ||||||||||||||||||||||||||||||||||||||||
(Amounts are before the effect of income taxes, except tax items) | Franchised Dealerships Segment | EchoPark Segment | Total | Franchised Dealerships Segment | EchoPark Segment | Total | Operations Statement Line Impacted | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||
Gain (loss) on franchise disposals | $ | 3,150 | $ | — | $ | 3,150 | $ | — | $ | — | $ | — | SG&A expenses | ||||||||||||||||||||||||||||
Impairment charges | $ | (26) | $ | — | $ | (26) | $ | — | $ | (1,124) | $ | (1,124) | Impairment charges | ||||||||||||||||||||||||||||
Nine Months Ended September 30, 2020 | Nine Months Ended September 30, 2019 | ||||||||||||||||||||||||||||||||||||||||
(Amounts are before the effect of income taxes, except tax items) | Franchised Dealerships Segment | EchoPark Segment | Total | Franchised Dealerships Segment | EchoPark Segment | Total | Operations Statement Line Impacted | ||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||
Gain (loss) on franchise disposals | $ | 3,150 | $ | — | $ | 3,150 | $ | 46,680 | $ | — | $ | 46,680 | SG&A expenses | ||||||||||||||||||||||||||||
Executive transition costs | $ | — | $ | — | $ | — | $ | (6,264) | $ | — | $ | (6,264) | SG&A expenses | ||||||||||||||||||||||||||||
Impairment charges | $ | (268,859) | $ | — | $ | (268,859) | $ | (26) | $ | (3,050) | $ | (3,076) | Impairment charges | ||||||||||||||||||||||||||||
Non-recurring tax benefit | $ | 3,175 | $ | — | $ | 3,175 | $ | — | $ | — | $ | — | Income taxes | ||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
Brand | 2020 | 2019 | 2020 | 2019 | |||||||||||||||||||
Luxury: | |||||||||||||||||||||||
BMW | 24.2 | % | 23.9 | % | 23.8 | % | 23.4 | % | |||||||||||||||
Mercedes | 12.8 | % | 11.2 | % | 13.1 | % | 11.9 | % | |||||||||||||||
Audi | 6.6 | % | 6.6 | % | 6.3 | % | 6.8 | % | |||||||||||||||
Lexus | 5.1 | % | 4.9 | % | 4.7 | % | 4.8 | % | |||||||||||||||
Land Rover | 3.7 | % | 3.7 | % | 4.6 | % | 4.1 | % | |||||||||||||||
Porsche | 3.6 | % | 2.5 | % | 3.4 | % | 2.8 | % | |||||||||||||||
Cadillac | 2.0 | % | 2.2 | % | 2.1 | % | 2.3 | % | |||||||||||||||
MINI | 1.3 | % | 1.6 | % | 1.1 | % | 1.3 | % | |||||||||||||||
Other luxury (1) | 2.5 | % | 2.5 | % | 2.7 | % | 2.6 | % | |||||||||||||||
Total Luxury | 61.8 | % | 59.1 | % | 61.8 | % | 60.0 | % | |||||||||||||||
Mid-line Import: | |||||||||||||||||||||||
Honda | 14.3 | % | 15.3 | % | 14.5 | % | 15.8 | % | |||||||||||||||
Toyota | 9.5 | % | 11.2 | % | 9.0 | % | 10.1 | % | |||||||||||||||
Hyundai | 1.0 | % | 1.9 | % | 1.0 | % | 1.7 | % | |||||||||||||||
Volkswagen | 1.0 | % | 1.4 | % | 1.0 | % | 1.3 | % | |||||||||||||||
Other imports (2) | 0.6 | % | 1.4 | % | 0.6 | % | 1.4 | % | |||||||||||||||
Total Mid-line Import | 26.4 | % | 31.2 | % | 26.1 | % | 30.3 | % | |||||||||||||||
Domestic: | |||||||||||||||||||||||
Ford | 5.8 | % | 5.0 | % | 6.2 | % | 4.9 | % | |||||||||||||||
General Motors (3) | 6.0 | % | 4.7 | % | 5.9 | % | 4.8 | % | |||||||||||||||
Total Domestic | 11.8 | % | 9.7 | % | 12.1 | % | 9.7 | % | |||||||||||||||
Total | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % |
Three Months Ended September 30, | Better / (Worse) | Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||||||||||||
2020 | 2019 | % Change | 2020 | 2019 | % Change | ||||||||||||||||||||||||||||||
(In millions of vehicles) | |||||||||||||||||||||||||||||||||||
Retail new vehicle SAAR (1) | 13.4 | 14.0 | (4.3) | % | 11.8 | 13.4 | (11.9) | % | |||||||||||||||||||||||||||
Fleet new vehicle SAAR | 1.9 | 3.0 | (36.7) | % | 2.1 | 3.6 | (41.7) | % | |||||||||||||||||||||||||||
Total new vehicle SAAR (2) | 15.3 | 17.0 | (10.0) | % | 13.9 | 17.0 | (18.2) | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total new vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 1,092,360 | $ | 1,194,486 | $ | (102,126) | (8.5) | % | |||||||||||||||
Acquisitions, open points and dispositions | 5,942 | 63,532 | (57,590) | NM | |||||||||||||||||||
Total as reported | $ | 1,098,302 | $ | 1,258,018 | $ | (159,716) | (12.7) | % | |||||||||||||||
Total new vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 62,237 | $ | 52,657 | $ | 9,580 | 18.2 | % | |||||||||||||||
Acquisitions, open points and dispositions | 441 | 2,651 | (2,210) | NM | |||||||||||||||||||
Total as reported | $ | 62,678 | $ | 55,308 | $ | 7,370 | 13.3 | % | |||||||||||||||
Total new vehicle unit sales: | |||||||||||||||||||||||
Same store | 23,875 | 27,971 | (4,096) | (14.6) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 225 | 2,176 | (1,951) | NM | |||||||||||||||||||
Total as reported | 24,100 | 30,147 | (6,047) | (20.1) | % | ||||||||||||||||||
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total new vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 2,937,057 | $ | 3,329,926 | $ | (392,869) | (11.8) | % | |||||||||||||||
Acquisitions, open points and dispositions | 20,737 | 199,180 | (178,443) | NM | |||||||||||||||||||
Total as reported | $ | 2,957,794 | $ | 3,529,106 | $ | (571,312) | (16.2) | % | |||||||||||||||
Total new vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 151,250 | $ | 157,799 | $ | (6,549) | (4.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 2,230 | 7,704 | (5,474) | NM | |||||||||||||||||||
Total as reported | $ | 153,480 | $ | 165,503 | $ | (12,023) | (7.3) | % | |||||||||||||||
Total new vehicle unit sales: | |||||||||||||||||||||||
Same store | 64,955 | 76,653 | (11,698) | (15.3) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 760 | 6,887 | (6,127) | NM | |||||||||||||||||||
Total as reported | 65,715 | 83,540 | (17,825) | (21.3) | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported new vehicle: | |||||||||||||||||||||||
Revenue | $ | 1,098,302 | $ | 1,258,018 | $ | (159,716) | (12.7) | % | |||||||||||||||
Gross profit | $ | 62,678 | $ | 55,308 | $ | 7,370 | 13.3 | % | |||||||||||||||
Unit sales | 24,100 | 30,147 | (6,047) | (20.1) | % | ||||||||||||||||||
Revenue per unit | $ | 45,573 | $ | 41,729 | $ | 3,844 | 9.2 | % | |||||||||||||||
Gross profit per unit | $ | 2,601 | $ | 1,835 | $ | 766 | 41.7 | % | |||||||||||||||
Gross profit as a % of revenue | 5.7 | % | 4.4 | % | 130 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported new vehicle: | |||||||||||||||||||||||
Revenue | $ | 2,957,794 | $ | 3,529,106 | $ | (571,312) | (16.2) | % | |||||||||||||||
Gross profit | $ | 153,480 | $ | 165,503 | $ | (12,023) | (7.3) | % | |||||||||||||||
Unit sales | 65,715 | 83,540 | (17,825) | (21.3) | % | ||||||||||||||||||
Revenue per unit | $ | 45,009 | $ | 42,245 | $ | 2,764 | 6.5 | % | |||||||||||||||
Gross profit per unit | $ | 2,336 | $ | 1,981 | $ | 355 | 17.9 | % | |||||||||||||||
Gross profit as a % of revenue | 5.2 | % | 4.7 | % | 50 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store new vehicle: | |||||||||||||||||||||||
Revenue | $ | 1,092,360 | $ | 1,194,486 | $ | (102,126) | (8.5) | % | |||||||||||||||
Gross profit | $ | 62,237 | $ | 52,657 | $ | 9,580 | 18.2 | % | |||||||||||||||
Unit sales | 23,875 | 27,971 | (4,096) | (14.6) | % | ||||||||||||||||||
Revenue per unit | $ | 45,753 | $ | 42,704 | $ | 3,049 | 7.1 | % | |||||||||||||||
Gross profit per unit | $ | 2,607 | $ | 1,883 | $ | 724 | 38.4 | % | |||||||||||||||
Gross profit as a % of revenue | 5.7 | % | 4.4 | % | 130 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store new vehicle: | |||||||||||||||||||||||
Revenue | $ | 2,937,057 | $ | 3,329,926 | $ | (392,869) | (11.8) | % | |||||||||||||||
Gross profit | $ | 151,250 | $ | 157,799 | $ | (6,549) | (4.2) | % | |||||||||||||||
Unit sales | 64,955 | 76,653 | (11,698) | (15.3) | % | ||||||||||||||||||
Revenue per unit | $ | 45,217 | $ | 43,442 | $ | 1,775 | 4.1 | % | |||||||||||||||
Gross profit per unit | $ | 2,329 | $ | 2,059 | $ | 270 | 13.1 | % | |||||||||||||||
Gross profit as a % of revenue | 5.1 | % | 4.7 | % | 40 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total used vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 895,056 | $ | 886,544 | $ | 8,512 | 1.0 | % | |||||||||||||||
Acquisitions, open points and dispositions | 50,972 | 27,728 | 23,244 | NM | |||||||||||||||||||
Total as reported | $ | 946,028 | $ | 914,272 | $ | 31,756 | 3.5 | % | |||||||||||||||
Total used vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 26,896 | $ | 32,091 | $ | (5,195) | (16.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 1,139 | 4,737 | (3,598) | NM | |||||||||||||||||||
Total as reported | $ | 28,035 | $ | 36,828 | $ | (8,793) | (23.9) | % | |||||||||||||||
Total used vehicle unit sales: | |||||||||||||||||||||||
Same store | 39,085 | 40,696 | (1,611) | (4.0) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 2,405 | 1,757 | 648 | NM | |||||||||||||||||||
Total as reported | 41,490 | 42,453 | (963) | (2.3) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total used vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 2,497,251 | $ | 2,527,052 | $ | (29,801) | (1.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 107,706 | 93,212 | 14,494 | NM | |||||||||||||||||||
Total as reported | $ | 2,604,957 | $ | 2,620,264 | $ | (15,307) | (0.6) | % | |||||||||||||||
Total used vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 80,037 | $ | 96,664 | $ | (16,627) | (17.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 7,499 | 13,901 | (6,402) | NM | |||||||||||||||||||
Total as reported | $ | 87,536 | $ | 110,565 | $ | (23,029) | (20.8) | % | |||||||||||||||
Total used vehicle unit sales: | |||||||||||||||||||||||
Same store | 113,330 | 116,415 | (3,085) | (2.7) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 5,364 | 5,959 | (595) | NM | |||||||||||||||||||
Total as reported | 118,694 | 122,374 | (3,680) | (3.0) | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported used vehicle: | |||||||||||||||||||||||
Revenue | $ | 946,028 | $ | 914,272 | $ | 31,756 | 3.5 | % | |||||||||||||||
Gross profit | $ | 28,035 | $ | 36,828 | $ | (8,793) | (23.9) | % | |||||||||||||||
Unit sales | 41,490 | 42,453 | (963) | (2.3) | % | ||||||||||||||||||
Revenue per unit | $ | 22,801 | $ | 21,536 | $ | 1,265 | 5.9 | % | |||||||||||||||
Gross profit per unit | $ | 676 | $ | 868 | $ | (192) | (22.1) | % | |||||||||||||||
Gross profit as a % of revenue | 3.0 | % | 4.0 | % | (100) | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported used vehicle: | |||||||||||||||||||||||
Revenue | $ | 2,604,957 | $ | 2,620,264 | $ | (15,307) | (0.6) | % | |||||||||||||||
Gross profit | $ | 87,536 | $ | 110,565 | $ | (23,029) | (20.8) | % | |||||||||||||||
Unit sales | 118,694 | 122,374 | (3,680) | (3.0) | % | ||||||||||||||||||
Revenue per unit | $ | 21,947 | $ | 21,412 | $ | 535 | 2.5 | % | |||||||||||||||
Gross profit per unit | $ | 737 | $ | 904 | $ | (167) | (18.5) | % | |||||||||||||||
Gross profit as a % of revenue | 3.4 | % | 4.2 | % | (80) | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store used vehicle: | |||||||||||||||||||||||
Revenue | $ | 895,056 | $ | 886,544 | $ | 8,512 | 1.0 | % | |||||||||||||||
Gross profit | $ | 26,896 | $ | 32,091 | $ | (5,195) | (16.2) | % | |||||||||||||||
Unit sales | 39,085 | 40,696 | (1,611) | (4.0) | % | ||||||||||||||||||
Revenue per unit | $ | 22,900 | $ | 21,785 | $ | 1,115 | 5.1 | % | |||||||||||||||
Gross profit per unit | $ | 688 | $ | 789 | $ | (101) | (12.8) | % | |||||||||||||||
Gross profit as a % of revenue | 3.0 | % | 3.6 | % | (60) | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store used vehicle: | |||||||||||||||||||||||
Revenue | $ | 2,497,251 | $ | 2,527,052 | $ | (29,801) | (1.2) | % | |||||||||||||||
Gross profit | $ | 80,037 | $ | 96,664 | $ | (16,627) | (17.2) | % | |||||||||||||||
Unit sales | 113,330 | 116,415 | (3,085) | (2.7) | % | ||||||||||||||||||
Revenue per unit | $ | 22,035 | $ | 21,707 | $ | 328 | 1.5 | % | |||||||||||||||
Gross profit per unit | $ | 706 | $ | 830 | $ | (124) | (14.9) | % | |||||||||||||||
Gross profit as a % of revenue | 3.2 | % | 3.8 | % | (60) | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total wholesale vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 55,521 | $ | 49,905 | $ | 5,616 | 11.3 | % | |||||||||||||||
Acquisitions, open points and dispositions | 981 | 1,637 | (656) | NM | |||||||||||||||||||
Total as reported | $ | 56,502 | $ | 51,542 | $ | 4,960 | 9.6 | % | |||||||||||||||
Total wholesale vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | 2,659 | $ | (921) | $ | 3,580 | 388.7 | % | |||||||||||||||
Acquisitions, open points and dispositions | (115) | (185) | 70 | NM | |||||||||||||||||||
Total as reported | $ | 2,544 | $ | (1,106) | $ | 3,650 | 330.0 | % | |||||||||||||||
Total wholesale vehicle unit sales: | |||||||||||||||||||||||
Same store | 8,358 | 8,383 | (25) | (0.3) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 276 | 578 | (302) | NM | |||||||||||||||||||
Total as reported | 8,634 | 8,961 | (327) | (3.6) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total wholesale vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 136,162 | $ | 149,619 | $ | (13,457) | (9.0) | % | |||||||||||||||
Acquisitions, open points and dispositions | 2,059 | 6,732 | (4,673) | NM | |||||||||||||||||||
Total as reported | $ | 138,221 | $ | 156,351 | $ | (18,130) | (11.6) | % | |||||||||||||||
Total wholesale vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | 2,175 | $ | (2,390) | $ | 4,565 | 191.0 | % | |||||||||||||||
Acquisitions, open points and dispositions | (214) | (696) | 482 | NM | |||||||||||||||||||
Total as reported | $ | 1,961 | $ | (3,086) | $ | 5,047 | 163.5 | % | |||||||||||||||
Total wholesale vehicle unit sales: | |||||||||||||||||||||||
Same store | 22,986 | 24,297 | (1,311) | (5.4) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 604 | 1,957 | (1,353) | NM | |||||||||||||||||||
Total as reported | 23,590 | 26,254 | (2,664) | (10.1) | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 56,502 | $ | 51,542 | $ | 4,960 | 9.6 | % | |||||||||||||||
Gross profit (loss) | $ | 2,544 | $ | (1,106) | $ | 3,650 | 330.0 | % | |||||||||||||||
Unit sales | 8,634 | 8,961 | (327) | (3.6) | % | ||||||||||||||||||
Revenue per unit | $ | 6,544 | $ | 5,752 | $ | 792 | 13.8 | % | |||||||||||||||
Gross profit (loss) per unit | $ | 295 | $ | (123) | $ | 418 | 339.8 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 4.5 | % | (2.1) | % | 660 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 138,221 | $ | 156,351 | $ | (18,130) | (11.6) | % | |||||||||||||||
Gross profit (loss) | $ | 1,961 | $ | (3,086) | $ | 5,047 | 163.5 | % | |||||||||||||||
Unit sales | 23,590 | 26,254 | (2,664) | (10.1) | % | ||||||||||||||||||
Revenue per unit | $ | 5,859 | $ | 5,955 | $ | (96) | (1.6) | % | |||||||||||||||
Gross profit (loss) per unit | $ | 83 | $ | (118) | $ | 201 | 170.3 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 1.4 | % | (2.0) | % | 340 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 55,521 | $ | 49,905 | $ | 5,616 | 11.3 | % | |||||||||||||||
Gross profit (loss) | $ | 2,659 | $ | (921) | $ | 3,580 | 388.7 | % | |||||||||||||||
Unit sales | 8,358 | 8,383 | (25) | (0.3) | % | ||||||||||||||||||
Revenue per unit | $ | 6,643 | $ | 5,953 | $ | 690 | 11.6 | % | |||||||||||||||
Gross profit (loss) per unit | $ | 318 | $ | (110) | $ | 428 | 389.1 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 4.8 | % | (1.8) | % | 660 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 136,162 | $ | 149,619 | $ | (13,457) | (9.0) | % | |||||||||||||||
Gross profit (loss) | $ | 2,175 | $ | (2,390) | $ | 4,565 | 191.0 | % | |||||||||||||||
Unit sales | 22,986 | 24,297 | (1,311) | (5.4) | % | ||||||||||||||||||
Revenue per unit | $ | 5,924 | $ | 6,158 | $ | (234) | (3.8) | % | |||||||||||||||
Gross profit (loss) per unit | $ | 95 | $ | (98) | $ | 193 | 196.9 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 1.6 | % | (1.6) | % | 320 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total Fixed Operations revenue: | |||||||||||||||||||||||
Same store | $ | 318,058 | $ | 339,474 | $ | (21,416) | (6.3) | % | |||||||||||||||
Acquisitions, open points and dispositions | 2,871 | 12,573 | (9,702) | NM | |||||||||||||||||||
Total as reported | $ | 320,929 | $ | 352,047 | $ | (31,118) | (8.8) | % | |||||||||||||||
Total Fixed Operations gross profit: | |||||||||||||||||||||||
Same store | $ | 156,351 | $ | 162,561 | $ | (6,210) | (3.8) | % | |||||||||||||||
Acquisitions, open points and dispositions | 175 | 6,379 | (6,204) | NM | |||||||||||||||||||
Total as reported | $ | 156,526 | $ | 168,940 | $ | (12,414) | (7.3) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total Fixed Operations revenue: | |||||||||||||||||||||||
Same store | $ | 903,715 | $ | 1,003,374 | $ | (99,659) | (9.9) | % | |||||||||||||||
Acquisitions, open points and dispositions | 10,952 | 45,415 | (34,463) | NM | |||||||||||||||||||
Total as reported | $ | 914,667 | $ | 1,048,789 | $ | (134,122) | (12.8) | % | |||||||||||||||
Total Fixed Operations gross profit: | |||||||||||||||||||||||
Same store | $ | 435,089 | $ | 479,336 | $ | (44,247) | (9.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 3,614 | 23,386 | (19,772) | NM | |||||||||||||||||||
Total as reported | $ | 438,703 | $ | 502,722 | $ | (64,019) | (12.7) | % | |||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Reported Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 129,779 | $ | 140,146 | $ | (10,367) | (7.4) | % | |||||||||||||||
Warranty | 58,294 | 69,894 | (11,600) | (16.6) | % | ||||||||||||||||||
Wholesale parts | 32,515 | 38,345 | (5,830) | (15.2) | % | ||||||||||||||||||
Internal, sublet and other | 100,341 | 103,662 | (3,321) | (3.2) | % | ||||||||||||||||||
Total revenue | $ | 320,929 | $ | 352,047 | $ | (31,118) | (8.8) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 73,652 | $ | 76,625 | $ | (2,973) | (3.9) | % | |||||||||||||||
Warranty | 33,548 | 38,235 | (4,687) | (12.3) | % | ||||||||||||||||||
Wholesale parts | 5,654 | 6,651 | (997) | (15.0) | % | ||||||||||||||||||
Internal, sublet and other | 43,672 | 47,429 | (3,757) | (7.9) | % | ||||||||||||||||||
Total gross profit | $ | 156,526 | $ | 168,940 | $ | (12,414) | (7.3) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.8 | % | 54.7 | % | 210 | bps | |||||||||||||||||
Warranty | 57.5 | % | 54.7 | % | 280 | bps | |||||||||||||||||
Wholesale parts | 17.4 | % | 17.3 | % | 10 | bps | |||||||||||||||||
Internal, sublet and other | 43.5 | % | 45.8 | % | (230) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 48.8 | % | 48.0 | % | 80 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Reported Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 375,436 | $ | 419,980 | $ | (44,544) | (10.6) | % | |||||||||||||||
Warranty | 168,380 | 208,676 | (40,296) | (19.3) | % | ||||||||||||||||||
Wholesale parts | 97,573 | 117,669 | (20,096) | (17.1) | % | ||||||||||||||||||
Internal, sublet and other | 273,278 | 302,464 | (29,186) | (9.6) | % | ||||||||||||||||||
Total revenue | $ | 914,667 | $ | 1,048,789 | $ | (134,122) | (12.8) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 210,712 | $ | 228,604 | $ | (17,892) | (7.8) | % | |||||||||||||||
Warranty | 95,014 | 115,682 | (20,668) | (17.9) | % | ||||||||||||||||||
Wholesale parts | 16,827 | 20,319 | (3,492) | (17.2) | % | ||||||||||||||||||
Internal, sublet and other | 116,150 | 138,117 | (21,967) | (15.9) | % | ||||||||||||||||||
Total gross profit | $ | 438,703 | $ | 502,722 | $ | (64,019) | (12.7) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.1 | % | 54.4 | % | 170 | bps | |||||||||||||||||
Warranty | 56.4 | % | 55.4 | % | 100 | bps | |||||||||||||||||
Wholesale parts | 17.2 | % | 17.3 | % | (10) | bps | |||||||||||||||||
Internal, sublet and other | 42.5 | % | 45.7 | % | (320) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 48.0 | % | 47.9 | % | 10 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Same store Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 128,854 | $ | 135,055 | $ | (6,201) | (4.6) | % | |||||||||||||||
Warranty | 58,179 | 67,360 | (9,181) | (13.6) | % | ||||||||||||||||||
Wholesale parts | 32,467 | 37,666 | (5,199) | (13.8) | % | ||||||||||||||||||
Internal, sublet and other | 98,558 | 99,393 | (835) | (0.8) | % | ||||||||||||||||||
Total revenue | $ | 318,058 | $ | 339,474 | $ | (21,416) | (6.3) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 73,379 | $ | 74,029 | $ | (650) | (0.9) | % | |||||||||||||||
Warranty | 33,553 | 36,883 | (3,330) | (9.0) | % | ||||||||||||||||||
Wholesale parts | 5,647 | 6,534 | (887) | (13.6) | % | ||||||||||||||||||
Internal, sublet and other | 43,772 | 45,115 | (1,343) | (3.0) | % | ||||||||||||||||||
Total gross profit | $ | 156,351 | $ | 162,561 | $ | (6,210) | (3.8) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.9 | % | 54.8 | % | 210 | bps | |||||||||||||||||
Warranty | 57.7 | % | 54.8 | % | 290 | bps | |||||||||||||||||
Wholesale parts | 17.4 | % | 17.3 | % | 10 | bps | |||||||||||||||||
Internal, sublet and other | 44.4 | % | 45.4 | % | (100) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 49.2 | % | 47.9 | % | 130 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Same store Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 370,674 | $ | 400,844 | $ | (30,170) | (7.5) | % | |||||||||||||||
Warranty | 167,648 | 200,424 | (32,776) | (16.4) | % | ||||||||||||||||||
Wholesale parts | 97,140 | 115,072 | (17,932) | (15.6) | % | ||||||||||||||||||
Internal, sublet and other | 268,253 | 287,034 | (18,781) | (6.5) | % | ||||||||||||||||||
Total revenue | $ | 903,715 | $ | 1,003,374 | $ | (99,659) | (9.9) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 208,525 | $ | 218,688 | $ | (10,163) | (4.6) | % | |||||||||||||||
Warranty | 94,541 | 111,202 | (16,661) | (15.0) | % | ||||||||||||||||||
Wholesale parts | 16,786 | 19,838 | (3,052) | (15.4) | % | ||||||||||||||||||
Internal, sublet and other | 115,237 | 129,608 | (14,371) | (11.1) | % | ||||||||||||||||||
Total gross profit | $ | 435,089 | $ | 479,336 | $ | (44,247) | (9.2) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.3 | % | 54.6 | % | 170 | bps | |||||||||||||||||
Warranty | 56.4 | % | 55.5 | % | 90 | bps | |||||||||||||||||
Wholesale parts | 17.3 | % | 17.2 | % | 10 | bps | |||||||||||||||||
Internal, sublet and other | 43.0 | % | 45.2 | % | (220) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 48.1 | % | 47.8 | % | 30 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Total F&I revenue: | |||||||||||||||||||||||
Same store | $ | 116,494 | $ | 117,773 | $ | (1,279) | (1.1) | % | |||||||||||||||
Acquisitions, open points and dispositions | 10,290 | 9,068 | 1,222 | NM | |||||||||||||||||||
Total as reported | $ | 126,784 | $ | 126,841 | $ | (57) | — | % | |||||||||||||||
Total F&I gross profit per retail unit (excludes fleet): | |||||||||||||||||||||||
Same store | $ | 1,855 | $ | 1,740 | $ | 115 | 6.6 | % | |||||||||||||||
Reported | $ | 1,938 | $ | 1,771 | $ | 167 | 9.4 | % | |||||||||||||||
Total combined new and used retail unit sales: | |||||||||||||||||||||||
Same store | 62,794 | 67,703 | (4,909) | (7.3) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 2,630 | 3,933 | (1,303) | NM | |||||||||||||||||||
Total as reported | 65,424 | 71,636 | (6,212) | (8.7) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Total F&I revenue: | |||||||||||||||||||||||
Same store | $ | 326,124 | $ | 326,323 | $ | (199) | (0.1) | % | |||||||||||||||
Acquisitions, open points and dispositions | 26,724 | 25,106 | 1,618 | NM | |||||||||||||||||||
Total as reported | $ | 352,848 | $ | 351,429 | $ | 1,419 | 0.4 | % | |||||||||||||||
Total F&I gross profit per retail unit (excludes fleet): | |||||||||||||||||||||||
Same store | $ | 1,839 | $ | 1,705 | $ | 134 | 7.9 | % | |||||||||||||||
Reported | $ | 1,923 | $ | 1,721 | $ | 202 | 11.7 | % | |||||||||||||||
Total combined new and used retail unit sales: | |||||||||||||||||||||||
Same store | 177,384 | 191,384 | (14,000) | (7.3) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 6,124 | 12,846 | (6,722) | (52.3) | % | ||||||||||||||||||
Total as reported | 183,508 | 204,230 | (20,722) | (10.1) | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported F&I: | |||||||||||||||||||||||
Revenue | $ | 126,784 | $ | 126,841 | $ | (57) | — | % | |||||||||||||||
Unit sales | 65,424 | 71,636 | (6,212) | (8.7) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,938 | $ | 1,771 | $ | 167 | 9.4 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported F&I: | |||||||||||||||||||||||
Revenue | $ | 352,848 | $ | 351,429 | $ | 1,419 | 0.4 | % | |||||||||||||||
Unit sales | 183,508 | 204,230 | (20,722) | (10.1) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,923 | $ | 1,721 | $ | 202 | 11.7 | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store F&I: | |||||||||||||||||||||||
Revenue | $ | 116,494 | $ | 117,773 | $ | (1,279) | (1.1) | % | |||||||||||||||
Unit sales | 62,794 | 67,703 | (4,909) | (7.3) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,855 | $ | 1,740 | $ | 115 | 6.6 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store F&I: | |||||||||||||||||||||||
Revenue | $ | 326,124 | $ | 326,323 | $ | (199) | (0.1) | % | |||||||||||||||
Unit sales | 177,384 | 191,384 | (14,000) | (7.3) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,839 | $ | 1,705 | $ | 134 | 7.9 | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total new vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 1,092,360 | $ | 1,194,486 | $ | (102,126) | (8.5) | % | |||||||||||||||
Acquisitions, open points and dispositions | 5,942 | 63,532 | (57,590) | NM | |||||||||||||||||||
Total as reported | $ | 1,098,302 | $ | 1,258,018 | $ | (159,716) | (12.7) | % | |||||||||||||||
Total new vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 62,237 | $ | 52,657 | $ | 9,580 | 18.2 | % | |||||||||||||||
Acquisitions, open points and dispositions | 441 | 2,651 | (2,210) | NM | |||||||||||||||||||
Total as reported | $ | 62,678 | $ | 55,308 | $ | 7,370 | 13.3 | % | |||||||||||||||
Total new vehicle unit sales: | |||||||||||||||||||||||
Same store | 23,875 | 27,971 | (4,096) | (14.6) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 225 | 2,176 | (1,951) | NM | |||||||||||||||||||
Total as reported | 24,100 | 30,147 | (6,047) | (20.1) | % | ||||||||||||||||||
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total new vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 2,937,057 | $ | 3,329,926 | $ | (392,869) | (11.8) | % | |||||||||||||||
Acquisitions, open points and dispositions | 20,737 | 199,180 | (178,443) | NM | |||||||||||||||||||
Total as reported | $ | 2,957,794 | $ | 3,529,106 | $ | (571,312) | (16.2) | % | |||||||||||||||
Total new vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 151,250 | $ | 157,799 | $ | (6,549) | (4.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 2,230 | 7,704 | (5,474) | NM | |||||||||||||||||||
Total as reported | $ | 153,480 | $ | 165,503 | $ | (12,023) | (7.3) | % | |||||||||||||||
Total new vehicle unit sales: | |||||||||||||||||||||||
Same store | 64,955 | 76,653 | (11,698) | (15.3) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 760 | 6,887 | (6,127) | NM | |||||||||||||||||||
Total as reported | 65,715 | 83,540 | (17,825) | (21.3) | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported new vehicle: | |||||||||||||||||||||||
Revenue | $ | 1,098,302 | $ | 1,258,018 | $ | (159,716) | (12.7) | % | |||||||||||||||
Gross profit | $ | 62,678 | $ | 55,308 | $ | 7,370 | 13.3 | % | |||||||||||||||
Unit sales | 24,100 | 30,147 | (6,047) | (20.1) | % | ||||||||||||||||||
Revenue per unit | $ | 45,573 | $ | 41,729 | $ | 3,844 | 9.2 | % | |||||||||||||||
Gross profit per unit | $ | 2,601 | $ | 1,835 | $ | 766 | 41.7 | % | |||||||||||||||
Gross profit as a % of revenue | 5.7 | % | 4.4 | % | 130 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported new vehicle: | |||||||||||||||||||||||
Revenue | $ | 2,957,794 | $ | 3,529,106 | $ | (571,312) | (16.2) | % | |||||||||||||||
Gross profit | $ | 153,480 | $ | 165,503 | $ | (12,023) | (7.3) | % | |||||||||||||||
Unit sales | 65,715 | 83,540 | (17,825) | (21.3) | % | ||||||||||||||||||
Revenue per unit | $ | 45,009 | $ | 42,245 | $ | 2,764 | 6.5 | % | |||||||||||||||
Gross profit per unit | $ | 2,336 | $ | 1,981 | $ | 355 | 17.9 | % | |||||||||||||||
Gross profit as a % of revenue | 5.2 | % | 4.7 | % | 50 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store new vehicle: | |||||||||||||||||||||||
Revenue | $ | 1,092,360 | $ | 1,194,486 | $ | (102,126) | (8.5) | % | |||||||||||||||
Gross profit | $ | 62,237 | $ | 52,657 | $ | 9,580 | 18.2 | % | |||||||||||||||
Unit sales | 23,875 | 27,971 | (4,096) | (14.6) | % | ||||||||||||||||||
Revenue per unit | $ | 45,753 | $ | 42,704 | $ | 3,049 | 7.1 | % | |||||||||||||||
Gross profit per unit | $ | 2,607 | $ | 1,883 | $ | 724 | 38.4 | % | |||||||||||||||
Gross profit as a % of revenue | 5.7 | % | 4.4 | % | 130 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store new vehicle: | |||||||||||||||||||||||
Revenue | $ | 2,937,057 | $ | 3,329,926 | $ | (392,869) | (11.8) | % | |||||||||||||||
Gross profit | $ | 151,250 | $ | 157,799 | $ | (6,549) | (4.2) | % | |||||||||||||||
Unit sales | 64,955 | 76,653 | (11,698) | (15.3) | % | ||||||||||||||||||
Revenue per unit | $ | 45,217 | $ | 43,442 | $ | 1,775 | 4.1 | % | |||||||||||||||
Gross profit per unit | $ | 2,329 | $ | 2,059 | $ | 270 | 13.1 | % | |||||||||||||||
Gross profit as a % of revenue | 5.1 | % | 4.7 | % | 40 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total used vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 613,097 | $ | 620,278 | $ | (7,181) | (1.2) | % | |||||||||||||||
Acquisitions, open points and dispositions | 2,468 | 27,728 | (25,260) | NM | |||||||||||||||||||
Total as reported | $ | 615,565 | $ | 648,006 | $ | (32,441) | (5.0) | % | |||||||||||||||
Total used vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 34,261 | $ | 34,592 | $ | (331) | (1.0) | % | |||||||||||||||
Acquisitions, open points and dispositions | 124 | 3,031 | (2,907) | NM | |||||||||||||||||||
Total as reported | $ | 34,385 | $ | 37,623 | $ | (3,238) | (8.6) | % | |||||||||||||||
Total used vehicle unit sales: | |||||||||||||||||||||||
Same store | 26,216 | 27,490 | (1,274) | (4.6) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 147 | 1,757 | (1,610) | NM | |||||||||||||||||||
Total as reported | 26,363 | 29,247 | (2,884) | (9.9) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total used vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 1,706,949 | $ | 1,795,833 | $ | (88,884) | (4.9) | % | |||||||||||||||
Acquisitions, open points and dispositions | 11,202 | 93,212 | (82,010) | NM | |||||||||||||||||||
Total as reported | $ | 1,718,151 | $ | 1,889,045 | $ | (170,894) | (9.0) | % | |||||||||||||||
Total used vehicle gross profit: | |||||||||||||||||||||||
Same store | $ | 93,234 | $ | 101,886 | $ | (8,652) | (8.5) | % | |||||||||||||||
Acquisitions, open points and dispositions | 3,880 | 9,929 | (6,049) | NM | |||||||||||||||||||
Total as reported | $ | 97,114 | $ | 111,815 | $ | (14,701) | (13.1) | % | |||||||||||||||
Total used vehicle unit sales: | |||||||||||||||||||||||
Same store | 75,678 | 79,571 | (3,893) | (4.9) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 696 | 5,959 | (5,263) | NM | |||||||||||||||||||
Total as reported | 76,374 | 85,530 | (9,156) | (10.7) | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported used vehicle: | |||||||||||||||||||||||
Revenue | $ | 615,565 | $ | 648,006 | $ | (32,441) | (5.0) | % | |||||||||||||||
Gross profit | $ | 34,385 | $ | 37,623 | $ | (3,238) | (8.6) | % | |||||||||||||||
Unit sales | 26,363 | 29,247 | (2,884) | (9.9) | % | ||||||||||||||||||
Revenue per unit | $ | 23,350 | $ | 22,156 | $ | 1,194 | 5.4 | % | |||||||||||||||
Gross profit per unit | $ | 1,304 | $ | 1,286 | $ | 18 | 1.4 | % | |||||||||||||||
Gross profit as a % of revenue | 5.6 | % | 5.8 | % | (20) | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported used vehicle: | |||||||||||||||||||||||
Revenue | $ | 1,718,151 | $ | 1,889,045 | $ | (170,894) | (9.0) | % | |||||||||||||||
Gross profit | $ | 97,114 | $ | 111,815 | $ | (14,701) | (13.1) | % | |||||||||||||||
Unit sales | 76,374 | 85,530 | (9,156) | (10.7) | % | ||||||||||||||||||
Revenue per unit | $ | 22,497 | $ | 22,086 | $ | 411 | 1.9 | % | |||||||||||||||
Gross profit per unit | $ | 1,272 | $ | 1,307 | $ | (35) | (2.7) | % | |||||||||||||||
Gross profit as a % of revenue | 5.7 | % | 5.9 | % | (20) | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store used vehicle: | |||||||||||||||||||||||
Revenue | $ | 613,097 | $ | 620,278 | $ | (7,181) | (1.2) | % | |||||||||||||||
Gross profit | $ | 34,261 | $ | 34,592 | $ | (331) | (1.0) | % | |||||||||||||||
Unit sales | 26,216 | 27,490 | (1,274) | (4.6) | % | ||||||||||||||||||
Revenue per unit | $ | 23,386 | $ | 22,564 | $ | 822 | 3.6 | % | |||||||||||||||
Gross profit per unit | $ | 1,307 | $ | 1,258 | $ | 49 | 3.9 | % | |||||||||||||||
Gross profit as a % of revenue | 5.6 | % | 5.6 | % | — | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store used vehicle: | |||||||||||||||||||||||
Revenue | $ | 1,706,949 | $ | 1,795,833 | $ | (88,884) | (4.9) | % | |||||||||||||||
Gross profit | $ | 93,234 | $ | 101,886 | $ | (8,652) | (8.5) | % | |||||||||||||||
Unit sales | 75,678 | 79,571 | (3,893) | (4.9) | % | ||||||||||||||||||
Revenue per unit | $ | 22,555 | $ | 22,569 | $ | (14) | (0.1) | % | |||||||||||||||
Gross profit per unit | $ | 1,232 | $ | 1,280 | $ | (48) | (3.8) | % | |||||||||||||||
Gross profit as a % of revenue | 5.5 | % | 5.7 | % | (20) | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total wholesale vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 48,326 | $ | 42,880 | $ | 5,446 | 12.7 | % | |||||||||||||||
Acquisitions, open points and dispositions | 200 | 1,637 | (1,437) | NM | |||||||||||||||||||
Total as reported | $ | 48,526 | $ | 44,517 | $ | 4,009 | 9.0 | % | |||||||||||||||
Total wholesale vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | 2,676 | $ | (786) | $ | 3,462 | 440.5 | % | |||||||||||||||
Acquisitions, open points and dispositions | (120) | (185) | 65 | NM | |||||||||||||||||||
Total as reported | $ | 2,556 | $ | (971) | $ | 3,527 | 363.2 | % | |||||||||||||||
Total wholesale vehicle unit sales: | |||||||||||||||||||||||
Same store | 6,638 | 6,545 | 93 | 1.4 | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 41 | 578 | (537) | NM | |||||||||||||||||||
Total as reported | 6,679 | 7,123 | (444) | (6.2) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total wholesale vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 118,744 | $ | 134,038 | $ | (15,294) | (11.4) | % | |||||||||||||||
Acquisitions, open points and dispositions | 730 | 6,732 | (6,002) | NM | |||||||||||||||||||
Total as reported | $ | 119,474 | $ | 140,770 | $ | (21,296) | (15.1) | % | |||||||||||||||
Total wholesale vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | 2,331 | $ | (2,150) | $ | 4,481 | 208.4 | % | |||||||||||||||
Acquisitions, open points and dispositions | (215) | (695) | 480 | NM | |||||||||||||||||||
Total as reported | $ | 2,116 | $ | (2,845) | $ | 4,961 | 174.4 | % | |||||||||||||||
Total wholesale vehicle unit sales: | |||||||||||||||||||||||
Same store | 18,271 | 20,274 | (2,003) | (9.9) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 145 | 1,957 | (1,812) | NM | |||||||||||||||||||
Total as reported | 18,416 | 22,231 | (3,815) | (17.2) | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 48,526 | $ | 44,517 | $ | 4,009 | 9.0 | % | |||||||||||||||
Gross profit (loss) | $ | 2,556 | $ | (971) | $ | 3,527 | 363.2 | % | |||||||||||||||
Unit sales | 6,679 | 7,123 | (444) | (6.2) | % | ||||||||||||||||||
Revenue per unit | $ | 7,265 | $ | 6,250 | $ | 1,015 | 16.2 | % | |||||||||||||||
Gross profit (loss) per unit | $ | 383 | $ | (136) | $ | 519 | 381.6 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 5.3 | % | (2.2) | % | 750 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 119,474 | $ | 140,770 | $ | (21,296) | (15.1) | % | |||||||||||||||
Gross profit (loss) | $ | 2,116 | $ | (2,845) | $ | 4,961 | 174.4 | % | |||||||||||||||
Unit sales | 18,416 | 22,231 | (3,815) | (17.2) | % | ||||||||||||||||||
Revenue per unit | $ | 6,488 | $ | 6,332 | $ | 156 | 2.5 | % | |||||||||||||||
Gross profit (loss) per unit | $ | 115 | $ | (128) | $ | 243 | 189.8 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 1.8 | % | (2.0) | % | 380 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 48,326 | $ | 42,880 | $ | 5,446 | 12.7 | % | |||||||||||||||
Gross profit (loss) | $ | 2,676 | $ | (786) | $ | 3,462 | 440.5 | % | |||||||||||||||
Unit sales | 6,638 | 6,545 | 93 | 1.4 | % | ||||||||||||||||||
Revenue per unit | $ | 7,280 | $ | 6,552 | $ | 728 | 11.1 | % | |||||||||||||||
Gross profit (loss) per unit | $ | 403 | $ | (120) | $ | 523 | 435.8 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 5.5 | % | (1.8) | % | 730 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 118,744 | $ | 134,038 | $ | (15,294) | (11.4) | % | |||||||||||||||
Gross profit (loss) | $ | 2,331 | $ | (2,150) | $ | 4,481 | 208.4 | % | |||||||||||||||
Unit sales | 18,271 | 20,274 | (2,003) | (9.9) | % | ||||||||||||||||||
Revenue per unit | $ | 6,499 | $ | 6,611 | $ | (112) | (1.7) | % | |||||||||||||||
Gross profit (loss) per unit | $ | 128 | $ | (106) | $ | 234 | 220.8 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | 2.0 | % | (1.6) | % | 360 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total Fixed Operations revenue: | |||||||||||||||||||||||
Same store | $ | 308,385 | $ | 331,247 | $ | (22,862) | (6.9) | % | |||||||||||||||
Acquisitions, open points and dispositions | 1,650 | 12,573 | (10,923) | NM | |||||||||||||||||||
Total as reported | $ | 310,035 | $ | 343,820 | $ | (33,785) | (9.8) | % | |||||||||||||||
Total Fixed Operations gross profit: | |||||||||||||||||||||||
Same store | $ | 156,446 | $ | 162,779 | $ | (6,333) | (3.9) | % | |||||||||||||||
Acquisitions, open points and dispositions | 265 | 6,379 | (6,114) | NM | |||||||||||||||||||
Total as reported | $ | 156,711 | $ | 169,158 | $ | (12,447) | (7.4) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total Fixed Operations revenue: | |||||||||||||||||||||||
Same store | $ | 878,191 | $ | 981,967 | $ | (103,776) | (10.6) | % | |||||||||||||||
Acquisitions, open points and dispositions | 8,343 | 45,415 | (37,072) | NM | |||||||||||||||||||
Total as reported | $ | 886,534 | $ | 1,027,382 | $ | (140,848) | (13.7) | % | |||||||||||||||
Total Fixed Operations gross profit: | |||||||||||||||||||||||
Same store | $ | 435,484 | $ | 479,904 | $ | (44,420) | (9.3) | % | |||||||||||||||
Acquisitions, open points and dispositions | 3,788 | 23,407 | (19,619) | NM | |||||||||||||||||||
Total as reported | $ | 439,272 | $ | 503,311 | $ | (64,039) | (12.7) | % | |||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Reported Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 129,556 | $ | 139,969 | $ | (10,413) | (7.4) | % | |||||||||||||||
Warranty | 58,294 | 69,894 | (11,600) | (16.6) | % | ||||||||||||||||||
Wholesale parts | 32,515 | 38,345 | (5,830) | (15.2) | % | ||||||||||||||||||
Internal, sublet and other | 89,670 | 95,612 | (5,942) | (6.2) | % | ||||||||||||||||||
Total revenue | $ | 310,035 | $ | 343,820 | $ | (33,785) | (9.8) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 73,652 | $ | 76,607 | $ | (2,955) | (3.9) | % | |||||||||||||||
Warranty | 33,548 | 38,235 | (4,687) | (12.3) | % | ||||||||||||||||||
Wholesale parts | 5,654 | 6,651 | (997) | (15.0) | % | ||||||||||||||||||
Internal, sublet and other | 43,857 | 47,665 | (3,808) | (8.0) | % | ||||||||||||||||||
Total gross profit | $ | 156,711 | $ | 169,158 | $ | (12,447) | (7.4) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.8 | % | 54.7 | % | 210 | bps | |||||||||||||||||
Warranty | 57.5 | % | 54.7 | % | 280 | bps | |||||||||||||||||
Wholesale parts | 17.4 | % | 17.3 | % | 10 | bps | |||||||||||||||||
Internal, sublet and other | 48.9 | % | 49.9 | % | (100) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 50.5 | % | 49.2 | % | 130 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Reported Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 374,798 | $ | 419,482 | $ | (44,684) | (10.7) | % | |||||||||||||||
Warranty | 168,380 | 208,676 | (40,296) | (19.3) | % | ||||||||||||||||||
Wholesale parts | 97,573 | 117,669 | (20,096) | (17.1) | % | ||||||||||||||||||
Internal, sublet and other | 245,783 | 281,555 | (35,772) | (12.7) | % | ||||||||||||||||||
Total revenue | $ | 886,534 | $ | 1,027,382 | $ | (140,848) | (13.7) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 210,706 | $ | 228,584 | $ | (17,878) | (7.8) | % | |||||||||||||||
Warranty | 95,014 | 115,682 | (20,668) | (17.9) | % | ||||||||||||||||||
Wholesale parts | 16,827 | 20,319 | (3,492) | (17.2) | % | ||||||||||||||||||
Internal, sublet and other | 116,725 | 138,726 | (22,001) | (15.9) | % | ||||||||||||||||||
Total gross profit | $ | 439,272 | $ | 503,311 | $ | (64,039) | (12.7) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.2 | % | 54.5 | % | 170 | bps | |||||||||||||||||
Warranty | 56.4 | % | 55.4 | % | 100 | bps | |||||||||||||||||
Wholesale parts | 17.2 | % | 17.3 | % | (10) | bps | |||||||||||||||||
Internal, sublet and other | 47.5 | % | 49.3 | % | (180) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 49.5 | % | 49.0 | % | 50 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Same store Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 128,668 | $ | 134,878 | $ | (6,210) | (4.6) | % | |||||||||||||||
Warranty | 58,179 | 67,360 | (9,181) | (13.6) | % | ||||||||||||||||||
Wholesale parts | 32,467 | 37,666 | (5,199) | (13.8) | % | ||||||||||||||||||
Internal, sublet and other | 89,071 | 91,343 | (2,272) | (2.5) | % | ||||||||||||||||||
Total revenue | $ | 308,385 | $ | 331,247 | $ | (22,862) | (6.9) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 73,379 | $ | 74,011 | $ | (632) | (0.9) | % | |||||||||||||||
Warranty | 33,553 | 36,883 | (3,330) | (9.0) | % | ||||||||||||||||||
Wholesale parts | 5,647 | 6,534 | (887) | (13.6) | % | ||||||||||||||||||
Internal, sublet and other | 43,867 | 45,351 | (1,484) | (3.3) | % | ||||||||||||||||||
Total gross profit | $ | 156,446 | $ | 162,779 | $ | (6,333) | (3.9) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 57.0 | % | 54.9 | % | 210 | bps | |||||||||||||||||
Warranty | 57.7 | % | 54.8 | % | 290 | bps | |||||||||||||||||
Wholesale parts | 17.4 | % | 17.3 | % | 10 | bps | |||||||||||||||||
Internal, sublet and other | 49.2 | % | 49.6 | % | (40) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 50.7 | % | 49.1 | % | 160 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Same store Fixed Operations: | |||||||||||||||||||||||
Revenue | |||||||||||||||||||||||
Customer pay | $ | 370,126 | $ | 400,346 | $ | (30,220) | (7.5) | % | |||||||||||||||
Warranty | 167,648 | 200,424 | (32,776) | (16.4) | % | ||||||||||||||||||
Wholesale parts | 97,140 | 115,072 | (17,932) | (15.6) | % | ||||||||||||||||||
Internal, sublet and other | 243,277 | 266,125 | (22,848) | (8.6) | % | ||||||||||||||||||
Total revenue | $ | 878,191 | $ | 981,967 | $ | (103,776) | (10.6) | % | |||||||||||||||
Gross profit | |||||||||||||||||||||||
Customer pay | $ | 208,519 | $ | 218,668 | $ | (10,149) | (4.6) | % | |||||||||||||||
Warranty | 94,541 | 111,202 | (16,661) | (15.0) | % | ||||||||||||||||||
Wholesale parts | 16,786 | 19,838 | (3,052) | (15.4) | % | ||||||||||||||||||
Internal, sublet and other | 115,638 | 130,196 | (14,558) | (11.2) | % | ||||||||||||||||||
Total gross profit | $ | 435,484 | $ | 479,904 | $ | (44,420) | (9.3) | % | |||||||||||||||
Gross profit as a % of revenue | |||||||||||||||||||||||
Customer pay | 56.3 | % | 54.6 | % | 170 | bps | |||||||||||||||||
Warranty | 56.4 | % | 55.5 | % | 90 | bps | |||||||||||||||||
Wholesale parts | 17.3 | % | 17.2 | % | 10 | bps | |||||||||||||||||
Internal, sublet and other | 47.5 | % | 48.9 | % | (140) | bps | |||||||||||||||||
Total gross profit as a % of revenue | 49.6 | % | 48.9 | % | 70 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Total F&I revenue: | |||||||||||||||||||||||
Same store | $ | 85,971 | $ | 87,185 | $ | (1,214) | (1.4) | % | |||||||||||||||
Acquisitions, open points and dispositions | 5,064 | 8,957 | (3,893) | NM | |||||||||||||||||||
Total as reported | $ | 91,035 | $ | 96,142 | $ | (5,107) | (5.3) | % | |||||||||||||||
Total F&I gross profit per retail unit (excludes fleet): | |||||||||||||||||||||||
Same store | $ | 1,722 | $ | 1,600 | $ | 122 | 7.6 | % | |||||||||||||||
Reported | $ | 1,810 | $ | 1,645 | $ | 165 | 10.0 | % | |||||||||||||||
Total combined new and used retail unit sales: | |||||||||||||||||||||||
Same store | 49,925 | 54,497 | (4,572) | (8.4) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 372 | 3,933 | (3,561) | NM | |||||||||||||||||||
Total as reported | 50,297 | 58,430 | (8,133) | (13.9) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Total F&I revenue: | |||||||||||||||||||||||
Same store | $ | 238,328 | $ | 241,483 | $ | (3,155) | (1.3) | % | |||||||||||||||
Acquisitions, open points and dispositions | 16,137 | 24,688 | (8,551) | NM | |||||||||||||||||||
Total as reported | $ | 254,465 | $ | 266,171 | $ | (11,706) | (4.4) | % | |||||||||||||||
Total F&I gross profit per retail unit (excludes fleet): | |||||||||||||||||||||||
Same store | $ | 1,706 | $ | 1,563 | $ | 143 | 9.1 | % | |||||||||||||||
Reported | $ | 1,802 | $ | 1,590 | $ | 212 | 13.3 | % | |||||||||||||||
Total combined new and used retail unit sales: | |||||||||||||||||||||||
Same store | 139,732 | 154,540 | (14,808) | (9.6) | % | ||||||||||||||||||
Acquisitions, open points and dispositions | 1,456 | 12,846 | (11,390) | NM | |||||||||||||||||||
Total as reported | 141,188 | 167,386 | (26,198) | (15.7) | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported F&I: | |||||||||||||||||||||||
Revenue | $ | 91,035 | $ | 96,142 | $ | (5,107) | (5.3) | % | |||||||||||||||
Unit sales | 50,297 | 58,430 | (8,133) | (13.9) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,810 | $ | 1,645 | $ | 165 | 10.0 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported F&I: | |||||||||||||||||||||||
Revenue | $ | 254,465 | $ | 266,171 | $ | (11,706) | (4.4) | % | |||||||||||||||
Unit sales | 141,188 | 167,386 | (26,198) | (15.7) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,802 | $ | 1,590 | $ | 212 | 13.3 | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store F&I: | |||||||||||||||||||||||
Revenue | $ | 85,971 | $ | 87,185 | $ | (1,214) | (1.4) | % | |||||||||||||||
Unit sales | 49,925 | 54,497 | (4,572) | (8.4) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,722 | $ | 1,600 | $ | 122 | 7.6 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store F&I: | |||||||||||||||||||||||
Revenue | $ | 238,328 | $ | 241,483 | $ | (3,155) | (1.3) | % | |||||||||||||||
Unit sales | 139,732 | 154,540 | (14,808) | (9.6) | % | ||||||||||||||||||
Gross profit per retail unit (excludes fleet) | $ | 1,706 | $ | 1,563 | $ | 143 | 9.1 | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total used vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 281,959 | $ | 266,266 | $ | 15,693 | 5.9 | % | |||||||||||||||
Acquisitions, open points and closures | 48,504 | — | 48,504 | NM | |||||||||||||||||||
Total as reported | $ | 330,463 | $ | 266,266 | $ | 64,197 | 24.1 | % | |||||||||||||||
Total used vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | (7,365) | $ | (2,501) | $ | (4,864) | (194.5) | % | |||||||||||||||
Acquisitions, open points and closures | 1,015 | 1,706 | (691) | NM | |||||||||||||||||||
Total as reported | $ | (6,350) | $ | (795) | $ | (5,555) | (698.7) | % | |||||||||||||||
Total used vehicle unit sales: | |||||||||||||||||||||||
Same store | 12,869 | 13,206 | (337) | (2.6) | % | ||||||||||||||||||
Acquisitions, open points and closures | 2,258 | — | 2,258 | NM | |||||||||||||||||||
Total as reported | 15,127 | 13,206 | 1,921 | 14.5 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total used vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 790,302 | $ | 731,219 | $ | 59,083 | 8.1 | % | |||||||||||||||
Acquisitions, open points and closures | 96,504 | — | 96,504 | NM | |||||||||||||||||||
Total as reported | $ | 886,806 | $ | 731,219 | $ | 155,587 | 21.3 | % | |||||||||||||||
Total used vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | (13,197) | $ | (5,222) | $ | (7,975) | (152.7) | % | |||||||||||||||
Acquisitions, open points and closures | 3,619 | 3,972 | (353) | NM | |||||||||||||||||||
Total as reported | $ | (9,578) | $ | (1,250) | $ | (8,328) | (666.2) | % | |||||||||||||||
Total used vehicle unit sales: | |||||||||||||||||||||||
Same store | 37,652 | 36,844 | 808 | 2.2 | % | ||||||||||||||||||
Acquisitions, open points and closures | 4,668 | — | 4,668 | NM | |||||||||||||||||||
Total as reported | 42,320 | 36,844 | 5,476 | 14.9 | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total F&I revenue: | |||||||||||||||||||||||
Same store | $ | 30,523 | $ | 30,588 | $ | (65) | (0.2) | % | |||||||||||||||
Acquisitions, open points and closures | 5,226 | 111 | 5,115 | NM | |||||||||||||||||||
Total as reported | $ | 35,749 | $ | 30,699 | $ | 5,050 | 16.5 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total F&I revenue: | |||||||||||||||||||||||
Same store | $ | 87,796 | $ | 84,840 | $ | 2,956 | 3.5 | % | |||||||||||||||
Acquisitions, open points and closures | 10,587 | 418 | 10,169 | NM | |||||||||||||||||||
Total as reported | $ | 98,383 | $ | 85,258 | $ | 13,125 | 15.4 | % | |||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported used vehicle and F&I: | |||||||||||||||||||||||
Used vehicle revenue | $ | 330,463 | $ | 266,266 | $ | 64,197 | 24.1 | % | |||||||||||||||
Used vehicle gross profit (loss) | $ | (6,350) | $ | (795) | $ | (5,555) | (698.7) | % | |||||||||||||||
Used vehicle unit sales | 15,127 | 13,206 | 1,921 | 14.5 | % | ||||||||||||||||||
Used vehicle revenue per unit | $ | 21,846 | $ | 20,163 | $ | 1,683 | 8.3 | % | |||||||||||||||
F&I revenue | $ | 35,749 | $ | 30,699 | $ | 5,050 | 16.5 | % | |||||||||||||||
Combined used vehicle gross profit and F&I revenue | $ | 29,399 | $ | 29,904 | $ | (505) | (1.7) | % | |||||||||||||||
Total used vehicle and F&I gross profit per unit | $ | 1,943 | $ | 2,264 | $ | (321) | (14.2) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported used vehicle and F&I: | |||||||||||||||||||||||
Used vehicle revenue | $ | 886,806 | $ | 731,219 | $ | 155,587 | 21.3 | % | |||||||||||||||
Used vehicle gross profit (loss) | $ | (9,578) | $ | (1,250) | $ | (8,328) | (666.2) | % | |||||||||||||||
Used vehicle unit sales | 42,320 | 36,844 | 5,476 | 14.9 | % | ||||||||||||||||||
Used vehicle revenue per unit | $ | 20,955 | $ | 19,846 | $ | 1,109 | 5.6 | % | |||||||||||||||
F&I revenue | $ | 98,383 | $ | 85,258 | $ | 13,125 | 15.4 | % | |||||||||||||||
Combined used vehicle gross profit and F&I revenue | $ | 88,805 | $ | 84,008 | $ | 4,797 | 5.7 | % | |||||||||||||||
Total used vehicle and F&I gross profit per unit | $ | 2,098 | $ | 2,280 | $ | (182) | (8.0) | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store used vehicle and F&I: | |||||||||||||||||||||||
Used vehicle revenue | $ | 281,959 | $ | 266,266 | $ | 15,693 | 5.9 | % | |||||||||||||||
Used vehicle gross profit (loss) | $ | (7,365) | $ | (2,501) | $ | (4,864) | (194.5) | % | |||||||||||||||
Used vehicle unit sales | 12,869 | 13,206 | (337) | (2.6) | % | ||||||||||||||||||
Used vehicle revenue per unit | $ | 21,910 | $ | 20,163 | $ | 1,747 | 8.7 | % | |||||||||||||||
F&I revenue | $ | 30,523 | $ | 30,588 | $ | (65) | (0.2) | % | |||||||||||||||
Combined used vehicle gross profit and F&I revenue | $ | 23,158 | $ | 28,087 | $ | (4,929) | (17.5) | % | |||||||||||||||
Total used vehicle and F&I gross profit per unit | $ | 1,800 | $ | 2,127 | $ | (327) | (15.4) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store used vehicle and F&I: | |||||||||||||||||||||||
Used vehicle revenue | $ | 790,302 | $ | 731,219 | $ | 59,083 | 8.1 | % | |||||||||||||||
Used vehicle gross profit (loss) | $ | (13,197) | $ | (5,222) | $ | (7,975) | (152.7) | % | |||||||||||||||
Used vehicle unit sales | 37,652 | 36,844 | 808 | 2.2 | % | ||||||||||||||||||
Used vehicle revenue per unit | $ | 20,990 | $ | 19,846 | $ | 1,144 | 5.8 | % | |||||||||||||||
F&I revenue | $ | 87,796 | $ | 84,840 | $ | 2,956 | 3.5 | % | |||||||||||||||
Combined used vehicle gross profit and F&I revenue | $ | 74,599 | $ | 79,618 | $ | (5,019) | (6.3) | % | |||||||||||||||
Total used vehicle and F&I gross profit per unit | $ | 1,981 | $ | 2,161 | $ | (180) | (8.3) | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total wholesale vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 7,195 | $ | 7,025 | $ | 170 | 2.4 | % | |||||||||||||||
Acquisitions, open points and closures | 781 | — | 781 | NM | |||||||||||||||||||
Total as reported | $ | 7,976 | $ | 7,025 | $ | 951 | 13.5 | % | |||||||||||||||
Total wholesale vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | (17) | $ | (135) | $ | 118 | 87.4 | % | |||||||||||||||
Acquisitions, open points and closures | 5 | — | 5 | NM | |||||||||||||||||||
Total as reported | $ | (12) | $ | (135) | $ | 123 | 91.1 | % | |||||||||||||||
Total wholesale vehicle unit sales: | |||||||||||||||||||||||
Same store | 1,720 | 1,838 | (118) | (6.4) | % | ||||||||||||||||||
Acquisitions, open points and closures | 235 | — | 235 | NM | |||||||||||||||||||
Total as reported | 1,955 | 1,838 | 117 | 6.4 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Total wholesale vehicle revenue: | |||||||||||||||||||||||
Same store | $ | 17,418 | $ | 15,581 | $ | 1,837 | 11.8 | % | |||||||||||||||
Acquisitions, open points and closures | 1,329 | — | 1,329 | NM | |||||||||||||||||||
Total as reported | $ | 18,747 | $ | 15,581 | $ | 3,166 | 20.3 | % | |||||||||||||||
Total wholesale vehicle gross profit (loss): | |||||||||||||||||||||||
Same store | $ | (156) | $ | (240) | $ | 84 | 35.0 | % | |||||||||||||||
Acquisitions, open points and closures | 1 | (1) | 2 | NM | |||||||||||||||||||
Total as reported | $ | (155) | $ | (241) | $ | 86 | 35.7 | % | |||||||||||||||
Total wholesale vehicle unit sales: | |||||||||||||||||||||||
Same store | 4,715 | 4,023 | 692 | 17.2 | % | ||||||||||||||||||
Acquisitions, open points and closures | 459 | — | 459 | NM | |||||||||||||||||||
Total as reported | 5,174 | 4,023 | 1,151 | 28.6 | % | ||||||||||||||||||
NM = Not Meaningful |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 7,976 | $ | 7,025 | $ | 951 | 13.5 | % | |||||||||||||||
Gross profit (loss) | $ | (12) | $ | (135) | $ | 123 | 91.1 | % | |||||||||||||||
Unit sales | 1,955 | 1,838 | 117 | 6.4 | % | ||||||||||||||||||
Revenue per unit | $ | 4,080 | $ | 3,822 | $ | 258 | 6.8 | % | |||||||||||||||
Gross profit (loss) per unit | $ | (6) | $ | (73) | $ | 67 | 91.8 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (0.2) | % | (1.9) | % | 170 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Reported wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 18,747 | $ | 15,581 | $ | 3,166 | 20.3 | % | |||||||||||||||
Gross profit (loss) | $ | (155) | $ | (241) | $ | 86 | 35.7 | % | |||||||||||||||
Unit sales | 5,174 | 4,023 | 1,151 | 28.6 | % | ||||||||||||||||||
Revenue per unit | $ | 3,623 | $ | 3,873 | $ | (250) | (6.5) | % | |||||||||||||||
Gross profit (loss) per unit | $ | (30) | $ | (60) | $ | 30 | 50.0 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (0.8) | % | (1.5) | % | 70 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 7,195 | $ | 7,025 | $ | 170 | 2.4 | % | |||||||||||||||
Gross profit (loss) | $ | (17) | $ | (135) | $ | 118 | 87.4 | % | |||||||||||||||
Unit sales | 1,720 | 1,838 | (118) | (6.4) | % | ||||||||||||||||||
Revenue per unit | $ | 4,183 | $ | 3,822 | $ | 361 | 9.4 | % | |||||||||||||||
Gross profit (loss) per unit | $ | (10) | $ | (73) | $ | 63 | 86.3 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (0.2) | % | (1.9) | % | 170 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit and per unit data) | |||||||||||||||||||||||
Same store wholesale vehicle: | |||||||||||||||||||||||
Revenue | $ | 17,418 | $ | 15,581 | $ | 1,837 | 11.8 | % | |||||||||||||||
Gross profit (loss) | $ | (156) | $ | (240) | $ | 84 | 35.0 | % | |||||||||||||||
Unit sales | 4,715 | 4,023 | 692 | 17.2 | % | ||||||||||||||||||
Revenue per unit | $ | 3,694 | $ | 3,873 | $ | (179) | (4.6) | % | |||||||||||||||
Gross profit (loss) per unit | $ | (33) | $ | (60) | $ | 27 | 45.0 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (0.9) | % | (1.5) | % | 60 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total Fixed Operations revenue: | |||||||||||||||||||||||
Same store | $ | 9,673 | $ | 8,227 | $ | 1,446 | 17.6 | % | |||||||||||||||
Acquisitions, open points and closures | 1,221 | — | 1,221 | NM | |||||||||||||||||||
Total as reported | $ | 10,894 | $ | 8,227 | $ | 2,667 | 32.4 | % | |||||||||||||||
Total Fixed Operations gross profit (loss): | |||||||||||||||||||||||
Same store | $ | (95) | $ | (218) | $ | 123 | 56.4 | % | |||||||||||||||
Acquisitions, open points and closures | (90) | — | (90) | NM | |||||||||||||||||||
Total as reported | $ | (185) | $ | (218) | $ | 33 | 15.1 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total Fixed Operations revenue: | |||||||||||||||||||||||
Same store | $ | 25,524 | $ | 21,407 | $ | 4,117 | 19.2 | % | |||||||||||||||
Acquisitions, open points and closures | 2,609 | — | 2,609 | 100.0 | % | ||||||||||||||||||
Total as reported | $ | 28,133 | $ | 21,407 | $ | 6,726 | 31.4 | % | |||||||||||||||
Total Fixed Operations gross profit (loss): | |||||||||||||||||||||||
Same store | $ | (395) | $ | (568) | $ | 173 | 30.5 | % | |||||||||||||||
Acquisitions, open points and closures | (174) | (21) | (153) | (728.6) | % | ||||||||||||||||||
Total as reported | $ | (569) | $ | (589) | $ | 20 | 3.4 | % | |||||||||||||||
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total reported Fixed Operations: | |||||||||||||||||||||||
Revenue | $ | 10,894 | $ | 8,227 | $ | 2,667 | 32.4 | % | |||||||||||||||
Gross profit (loss) | $ | (185) | $ | (218) | $ | 33 | 15.1 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (1.7) | % | (2.6) | % | 90 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total reported Fixed Operations: | |||||||||||||||||||||||
Revenue | $ | 28,133 | $ | 21,407 | $ | 6,726 | 31.4 | % | |||||||||||||||
Gross profit (loss) | $ | (569) | $ | (589) | $ | 20 | 3.4 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (2.0) | % | (2.8) | % | 80 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total same store Fixed Operations: | |||||||||||||||||||||||
Revenue | $ | 9,673 | $ | 8,227 | $ | 1,446 | 17.6 | % | |||||||||||||||
Gross profit (loss) | $ | (95) | $ | (218) | $ | 123 | 56.4 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (1.0) | % | (2.6) | % | 160 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Total same store Fixed Operations: | |||||||||||||||||||||||
Revenue | $ | 25,524 | $ | 21,407 | $ | 4,117 | 19.2 | % | |||||||||||||||
Gross profit (loss) | $ | (395) | $ | (568) | $ | 173 | 30.5 | % | |||||||||||||||
Gross profit (loss) as a % of revenue | (1.5) | % | (2.7) | % | 120 | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Segment Revenues: | |||||||||||||||||||||||
Franchised Dealerships Segment revenues: | |||||||||||||||||||||||
New vehicles | $ | 1,098,302 | $ | 1,258,018 | $ | (159,716) | (12.7) | % | |||||||||||||||
Used vehicles | 615,565 | 648,006 | (32,441) | (5.0) | % | ||||||||||||||||||
Wholesale vehicles | 48,526 | 44,517 | 4,009 | 9.0 | % | ||||||||||||||||||
Parts, service and collision repair | 310,035 | 343,820 | (33,785) | (9.8) | % | ||||||||||||||||||
Finance, insurance and other, net | 91,035 | 96,142 | (5,107) | (5.3) | % | ||||||||||||||||||
Franchised Dealerships Segment revenues | $ | 2,163,463 | $ | 2,390,503 | $ | (227,040) | (9.5) | % | |||||||||||||||
EchoPark Segment revenues: | |||||||||||||||||||||||
Used vehicles | $ | 330,463 | $ | 266,266 | $ | 64,197 | 24.1 | % | |||||||||||||||
Wholesale vehicles | 7,976 | 7,025 | 951 | 13.5 | % | ||||||||||||||||||
Parts, service and collision repair | 10,894 | 8,227 | 2,667 | 32.4 | % | ||||||||||||||||||
Finance, insurance and other, net | 35,749 | 30,699 | 5,050 | 16.5 | % | ||||||||||||||||||
EchoPark Segment revenues | $ | 385,082 | $ | 312,217 | $ | 72,865 | 23.3 | % | |||||||||||||||
Total consolidated revenues | $ | 2,548,545 | $ | 2,702,720 | $ | (154,175) | (5.7) | % | |||||||||||||||
Segment Income (Loss) (1): | |||||||||||||||||||||||
Franchised Dealerships Segment (2) | $ | 80,460 | $ | 38,417 | $ | 42,043 | 109.4 | % | |||||||||||||||
EchoPark Segment | 239 | 3,247 | (3,008) | (92.6) | % | ||||||||||||||||||
Total segment income (loss) | $ | 80,699 | $ | 41,664 | $ | 39,035 | 93.7 | % | |||||||||||||||
Impairment charges (3) | (26) | (1,124) | 1,098 | 97.7 | % | ||||||||||||||||||
Income (loss) from continuing operations before taxes | $ | 80,673 | $ | 40,540 | $ | 40,133 | 99.0 | % | |||||||||||||||
Retail New and Used Vehicle Unit Sales Volume: | |||||||||||||||||||||||
Franchised Dealerships Segment | 50,463 | 59,394 | (8,931) | (15.0) | % | ||||||||||||||||||
EchoPark Segment | 15,127 | 13,206 | 1,921 | 14.5 | % | ||||||||||||||||||
Total retail new and used vehicle unit sales volume | 65,590 | 72,600 | (7,010) | (9.7) | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands, except unit data) | |||||||||||||||||||||||
Segment Revenues: | |||||||||||||||||||||||
Franchised Dealerships Segment revenues: | |||||||||||||||||||||||
New vehicles | $ | 2,957,794 | $ | 3,529,106 | $ | (571,312) | (16.2) | % | |||||||||||||||
Used vehicles | 1,718,151 | 1,889,045 | (170,894) | (9.0) | % | ||||||||||||||||||
Wholesale vehicles | 119,474 | 140,770 | (21,296) | (15.1) | % | ||||||||||||||||||
Parts, service and collision repair | 886,534 | 1,027,382 | (140,848) | (13.7) | % | ||||||||||||||||||
Finance, insurance and other, net | 254,465 | 266,171 | (11,706) | (4.4) | % | ||||||||||||||||||
Franchised Dealerships Segment revenues | $ | 5,936,418 | $ | 6,852,474 | $ | (916,056) | (13.4) | % | |||||||||||||||
EchoPark Segment revenues: | |||||||||||||||||||||||
Used vehicles | $ | 886,806 | $ | 731,219 | $ | 155,587 | 21.3 | % | |||||||||||||||
Wholesale vehicles | 18,747 | 15,581 | 3,166 | 20.3 | % | ||||||||||||||||||
Parts, service and collision repair | 28,133 | 21,407 | 6,726 | 31.4 | % | ||||||||||||||||||
Finance, insurance and other, net | 98,383 | 85,258 | 13,125 | 15.4 | % | ||||||||||||||||||
EchoPark Segment revenues | $ | 1,032,069 | $ | 853,465 | $ | 178,604 | 20.9 | % | |||||||||||||||
Total consolidated revenues | $ | 6,968,487 | $ | 7,705,939 | $ | (737,452) | (9.6) | % | |||||||||||||||
Segment Income (Loss) (1): | |||||||||||||||||||||||
Franchised Dealerships Segment (2) | $ | 138,805 | $ | 134,727 | $ | 4,078 | 3.0 | % | |||||||||||||||
EchoPark Segment | 4,912 | 7,047 | (2,135) | (30.3) | % | ||||||||||||||||||
Total segment income (loss) | $ | 143,717 | $ | 141,774 | $ | 1,943 | 1.4 | % | |||||||||||||||
Impairment charges (3) | (268,859) | (3,076) | (265,783) | (8,640.5) | % | ||||||||||||||||||
Income (loss) from continuing operations before taxes | $ | (125,142) | $ | 138,698 | $ | (263,840) | (190.2) | % | |||||||||||||||
Retail New and Used Vehicle Unit Sales Volume: | |||||||||||||||||||||||
Franchised Dealerships Segment | 142,089 | 169,070 | (26,981) | (16.0) | % | ||||||||||||||||||
EchoPark Segment | 42,320 | 36,844 | 5,476 | 14.9 | % | ||||||||||||||||||
Total retail new and used vehicle unit sales volume | 184,409 | 205,914 | (21,505) | (10.4) | % |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
SG&A expenses: | |||||||||||||||||||||||
Compensation | $ | 169,097 | $ | 184,089 | $ | 14,992 | 8.1 | % | |||||||||||||||
Advertising | 9,455 | 15,856 | 6,401 | 40.4 | % | ||||||||||||||||||
Rent | 13,846 | 12,721 | (1,125) | (8.8) | % | ||||||||||||||||||
Other | 64,776 | 84,160 | 19,384 | 23.0 | % | ||||||||||||||||||
Total SG&A expenses | $ | 257,174 | $ | 296,826 | $ | 39,652 | 13.4 | % | |||||||||||||||
SG&A expenses as a % of gross profit: | |||||||||||||||||||||||
Compensation | 44.9 | % | 47.6 | % | 270 | bps | |||||||||||||||||
Advertising | 2.5 | % | 4.1 | % | 160 | bps | |||||||||||||||||
Rent | 3.7 | % | 3.3 | % | (40) | bps | |||||||||||||||||
Other | 17.2 | % | 21.7 | % | 450 | bps | |||||||||||||||||
Total SG&A expenses as a % of gross profit | 68.3 | % | 76.7 | % | 840 | bps |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
SG&A expenses: | |||||||||||||||||||||||
Compensation | $ | 483,784 | $ | 549,470 | $ | 65,686 | 12.0 | % | |||||||||||||||
Advertising | 31,677 | 46,308 | 14,631 | 31.6 | % | ||||||||||||||||||
Rent | 40,934 | 41,308 | 374 | 0.9 | % | ||||||||||||||||||
Other | 213,293 | 201,367 | (11,926) | (5.9) | % | ||||||||||||||||||
Total SG&A expenses | $ | 769,688 | $ | 838,453 | $ | 68,765 | 8.2 | % | |||||||||||||||
SG&A expenses as a % of gross profit: | |||||||||||||||||||||||
Compensation | 46.8 | % | 48.7 | % | 190 | bps | |||||||||||||||||
Advertising | 3.1 | % | 4.1 | % | 100 | bps | |||||||||||||||||
Rent | 4.0 | % | 3.7 | % | (30) | bps | |||||||||||||||||
Other | 20.5 | % | 17.9 | % | (260) | bps | |||||||||||||||||
Total SG&A expenses as a % of gross profit | 74.4 | % | 74.4 | % | — | bps |
Three Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Stated/coupon interest | $ | 8,347 | $ | 12,088 | $ | 3,741 | 30.9 | % | |||||||||||||||
Discount/premium amortization | 260 | — | (260) | (100.0) | % | ||||||||||||||||||
Deferred loan cost amortization | 575 | 600 | 25 | 4.2 | % | ||||||||||||||||||
Interest rate hedge expense (benefit) | 68 | (854) | (922) | (108.0) | % | ||||||||||||||||||
Capitalized interest | 16 | (278) | (294) | (105.8) | % | ||||||||||||||||||
Interest on finance lease liabilities | 1,330 | 1,305 | (25) | (1.9) | % | ||||||||||||||||||
Other interest | 166 | 152 | (14) | (9.2) | % | ||||||||||||||||||
Total interest expense, other, net | $ | 10,762 | $ | 13,013 | $ | 2,251 | 17.3 | % |
Nine Months Ended September 30, | Better / (Worse) | ||||||||||||||||||||||
2020 | 2019 | Change | % Change | ||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||
Stated/coupon interest | $ | 26,302 | $ | 36,994 | $ | 10,692 | 28.9 | % | |||||||||||||||
Discount/premium amortization | 260 | — | (260) | (100.0) | % | ||||||||||||||||||
Deferred loan cost amortization | 1,757 | 1,789 | 32 | 1.8 | % | ||||||||||||||||||
Interest rate hedge expense (benefit) | (740) | (2,368) | (1,628) | (68.8) | % | ||||||||||||||||||
Capitalized interest | (528) | (1,162) | (634) | (54.6) | % | ||||||||||||||||||
Interest on finance lease liabilities | 4,009 | 3,820 | (189) | (4.9) | % | ||||||||||||||||||
Other interest | 463 | 421 | (42) | (10.0) | % | ||||||||||||||||||
Total interest expense, other, net | $ | 31,523 | $ | 39,494 | $ | 7,971 | 20.2 | % | |||||||||||||||
September 30, 2020 | December 31, 2019 | ||||||||||
(In thousands) | |||||||||||
Cash and cash equivalents | $ | 125,739 | $ | 29,103 | |||||||
Availability under the 2016 Revolving Credit Facility | 189,072 | 230,689 | |||||||||
Availability under our used vehicle floor plan facilities (1) | — | 17,090 | |||||||||
Availability under the 2019 Mortgage Facility | 8,554 | 3,090 | |||||||||
Availability under the 2020 Line of Credit Facility | 57,000 | — | |||||||||
Floor plan deposit balance | 73,180 | — | |||||||||
Total available liquidity resources | $ | 453,545 | $ | 279,972 |
Three Months Ended September 30, 2020 | Three Months Ended September 30, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||
Franchised Dealerships Segment | EchoPark Segment | Discontinued Operations | Total | Franchised Dealerships Segment | EchoPark Segment | Discontinued Operations | Total | ||||||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 59,818 | $ | 29,010 | |||||||||||||||||||||||||||||||||||||||||||
Provision for income taxes | 20,621 | 11,307 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before taxes | $ | 80,434 | $ | 239 | $ | (234) | $ | 80,439 | $ | 38,417 | $ | 2,123 | $ | (223) | $ | 40,317 | |||||||||||||||||||||||||||||||
Non-floor plan interest (1) | 9,786 | 141 | — | 9,927 | 12,011 | 402 | — | 12,413 | |||||||||||||||||||||||||||||||||||||||
Depreciation & amortization (2) | 20,999 | 2,769 | — | 23,768 | 21,561 | 2,703 | — | 24,264 | |||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | 3,154 | — | — | 3,154 | 2,681 | — | — | 2,681 | |||||||||||||||||||||||||||||||||||||||
Asset impairment charges | 26 | — | — | 26 | — | 1,124 | — | 1,124 | |||||||||||||||||||||||||||||||||||||||
Loss (gain) on franchise disposals | (3,388) | — | — | (3,388) | 823 | — | — | 823 | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA (3) | $ | 111,011 | $ | 3,149 | $ | (234) | $ | 113,926 | $ | 75,493 | $ | 6,352 | $ | (223) | $ | 81,622 |
Nine Months Ended September 30, 2020 | Nine Months Ended September 30, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||
Franchised Dealerships Segment | EchoPark Segment | Discontinued Operations | Total | Franchised Dealerships Segment | EchoPark Segment | Discontinued Operations | Total | ||||||||||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | (108,724) | $ | 97,831 | |||||||||||||||||||||||||||||||||||||||||||
Provision for income taxes | (17,226) | 40,251 | |||||||||||||||||||||||||||||||||||||||||||||
Income (loss) before taxes | $ | (130,054) | $ | 4,912 | $ | (808) | $ | (125,950) | $ | 134,701 | $ | 3,997 | $ | (616) | $ | 138,082 | |||||||||||||||||||||||||||||||
Non-floor plan interest (1) | 28,770 | 737 | — | 29,507 | 36,440 | 1,266 | — | 37,706 | |||||||||||||||||||||||||||||||||||||||
Depreciation & amortization (2) | 61,655 | 8,239 | — | 69,894 | 64,121 | 7,788 | — | 71,909 | |||||||||||||||||||||||||||||||||||||||
Stock-based compensation expense | 8,551 | — | — | 8,551 | 8,107 | — | — | 8,107 | |||||||||||||||||||||||||||||||||||||||
Loss (gain) on exit of leased dealerships | — | — | — | — | (170) | — | — | (170) | |||||||||||||||||||||||||||||||||||||||
Asset impairment charges | 268,859 | — | — | 268,859 | 25 | 3,051 | — | 3,076 | |||||||||||||||||||||||||||||||||||||||
Loss (gain) on franchise disposals | (2,273) | — | — | (2,273) | (45,570) | — | — | (45,570) | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA (3) | $ | 235,508 | $ | 13,888 | $ | (808) | $ | 248,588 | $ | 197,654 | $ | 16,102 | $ | (616) | $ | 213,140 |
Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) | ||||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||
July 2020 | 376,804 | $ | 36.19 | 376,804 | $ | 99,735 | |||||||||||||||||
August 2020 | 153,274 | $ | 38.57 | 153,274 | $ | 93,873 | |||||||||||||||||
September 2020 | 253,229 | $ | 38.97 | 253,229 | $ | 84,102 | |||||||||||||||||
Total | 783,307 | 783,307 |
(In thousands) | |||||
February 2017 authorization | $ | 100,000 | |||
July 2020 authorization (2) | 60,000 | ||||
Total active program repurchases prior to September 30, 2020 | (75,898) | ||||
Current remaining availability as of September 30, 2020 | $ | 84,102 |
Exhibit No. | Description | |||||||
3.1 | ||||||||
3.2 | ||||||||
3.3 | ||||||||
3.4 | ||||||||
3.5 | ||||||||
10.1 | ||||||||
10.2* | ||||||||
10.3* | ||||||||
10.4* | ||||||||
31.1* | ||||||||
31.2* | ||||||||
32.1** | ||||||||
32.2** | ||||||||
101.INS* | Inline XBRL Instance Document. | |||||||
101.SCH* | Inline XBRL Taxonomy Extension Schema Document. | |||||||
101.CAL* | Inline XBRL Taxonomy Extension Calculation Linkbase Document. | |||||||
101.DEF* | Inline XBRL Taxonomy Extension Definition Linkbase Document. | |||||||
101.LAB* | Inline XBRL Taxonomy Extension Label Linkbase Document. | |||||||
101.PRE* | Inline XBRL Taxonomy Extension Presentation Linkbase Document. | |||||||
104* | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
SONIC AUTOMOTIVE, INC. | ||||||||
October 29, 2020 | By: | /s/ DAVID BRUTON SMITH | ||||||
David Bruton Smith | ||||||||
Chief Executive Officer | ||||||||
October 29, 2020 | By: | /s/ HEATH R. BYRD | ||||||
Heath R. Byrd | ||||||||
Executive Vice President and Chief Financial Officer |
Pricing Level | Consolidated Total Lease Adjusted Leverage Ratio | Commitment Fee | Eurodollar Rate Loans | Letter of Credit Fee | Base Rate Loans | ||||||||||||
1 | Less than 3.50:1.00 | 0.25% | 1.50% | 1.375% | 0.50% | ||||||||||||
2 | Less than 4.00:1.00 but greater than or equal to 3.50:1.00 | 0.30% | 1.75% | 1.625% | 0.75% | ||||||||||||
3 | Less than 4.50:1.00 but greater than or equal to 4.00:1.00 | 0.35% | 2.00% | 1.875% | 1.00% | ||||||||||||
4 | Less than 5.00:1.00 but greater than or equal to 4.50:1.00 | 0.40% | 2.25% | 2.125% | 1.25% | ||||||||||||
5 | Less than 5.50:1.00 but greater than or equal to 5.00:1.00 | 0.45% | 2.50% | 2.375% | 1.50% | ||||||||||||
6 | Greater than or equal to 5.50:1.00 | 0.50% | 2.75% | 2.625% | 1.75% |
Lender | Swing Line Commitment | ||||
Bank of America, N.A. | $ 35,000,000.00 | ||||
Total | $ 35,000,000.00 |
Lender | L/C Commitment | ||||
Bank of America, N.A. | $ 50,000,000.00 | ||||
Total | $ 50,000,000.00 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
1. | Sonic Automotive, Inc. | Delaware Corporation 2714319 | The chief executive office for all entities is 4401 Colwick Rd., Charlotte, NC | 4401 Colwick Rd. Charlotte, NC In addition to the locations listed below, books and records for all entities are located at 4401 Colwick Rd., Charlotte, NC. | |||||||||||||||||||
2. | EchoPark GA, LLC | Georgia Limited Liability Company 16063806 | AutoMatch | 8805 Abercorn Street Savannah GA 31406 | AM Realty GA, LLC | AM Realty GA, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
3. | AM Realty GA, LLC | Georgia Limited Liability Company 16063850 | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
4. | AnTrev, LLC | North Carolina Limited Liability Company 0659676 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
5. | Arngar, Inc. | North Carolina Corporation 0005612 | Cadillac of South Charlotte | 10725 Pineville Rd. Pineville, NC | CAR SON MAS, L.P. | All Owners of Collateral Locations (if other than Grantor) are unrelated lessors, except where noted. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
6. | Autobahn, Inc. | California Corporation C1548941 | Autobahn Motors Main Facility Airspace Lease Remnant Parcel Autobahn Motors-Service / Storage Autobahn Motors Vehicle Storage/Detailing Autobahn Motors – Lot Parking | 700 Island Pkwy. Belmont, CA Beneath Island Pkwy. north of Ralston Ave. Belmont, CA East of Island Pkwy. and north of Ralston Ave. Belmont, CA 500-510 Harbor Blvd. Belmont, CA 1315 Elmer St. Belmont, CA Elmer Street Lot Belmont, CA | SRE California – 3, LLC City of Belmont, CA SRE California – 3, LLC David S. Lake Trust George W. Williams III, Co-Trustee, George W. Williams III G.S. Trust George W. Williams III and Borel Bank, Co-Trustees, Hortense Williams Trust Lois Hortense Rosebrook Trust Katherine B. Woodlard, Robert P. Berryman and Mark A. Berryman G.W. Williams Co. | SRE California – 3, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
7. | EchoPark AZ, LLC | Arizona Limited Liability 23032012 | EchoPark | Not yet known |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
8. | EchoPark CA, LLC | California Limited Liability Company 201923110260 | EchoPark | 2998 Cherry Avenue Signal Hill, CA 90755 | EchoPark Realty CA, LLC | EchoPark Realty CA, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
9. | EchoPark Realty CA, LLC | California Limited Liability Company 201923910263 | N/A | ||||||||||||||||||||
10. | EchoPark FL, LLC | Florida Limited Liability Company L16000126299 | EchoPark | 4636 N. Dale Mabry Hwy Tampa, FL 33614 | JT Dale Mabry Holdings LLC | Lessor | |||||||||||||||||
11. | EchoPark NC, LLC | North Carolina Limited Liability Company 1436923 | EchoPark | 13231 Statesville Road Huntersville, NC 28078 | EP Realty NC, LLC | EP Realty NC, LLC is an indirect subsidiary of Sonic Automotive, Inc |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
12. | EchoPark SC, LLC | South Carolina Limited Liability Company | EchoPark | 107 Duvall Drive Greenville, SC 29067 | EP Realty SC, LLC | EP Realty SC, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
13. | EchoPark TX, LLC | Texas Limited Liability Company 802448793 | EchoPark | ||||||||||||||||||||
14. | EchoPark Realty TX, LLC | Texas Limited Liability Company 802302813 | |||||||||||||||||||||
15. | EP Realty NC, LLC | North Carolina Limited Liability Company 1436919 | |||||||||||||||||||||
16. | EP Realty SC, LLC | South Carolina Limited Liability Company |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
17. | FA FAA Beverly Hills, Inc. FAA Beverly Hills, Inc. (continued) | California Corporation C2069519 | Beverly Hills BMW Sales Service Service & CPO Facility 8850 Wilshire Blvd. (BMW Beverly Hills – Storage and Service Overflow 8844 Wilshire Blvd. (BMW Beverly Hills Storage & Service Overflow) Parking Lot | 5050 – 5070 Wilshire Blvd. Beverly Hills, CA 5151 Wilshire Blvd. Beverly Hills, CA 8833 Wilshire Blvd. Beverly Hills, CA 8850 Wilshire Blvd. Beverly Hills, CA 8844 Wilshire Blvd. Beverly Hills, CA NE Corner Citrus Ave. & Carling Way Beverly Hills, CA | Ehlers Enterprises, Ltd. Ehlers Investment Co. Duesenberg Investment Company 8850 Wilshire Partners, LLC Illoulian Properties DSG Wilshire LLC and JW Wilshire LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
18. | FAA Concord H, Inc. | California Corporation C2004304 | Concord Honda Main Parking | 1300 Concord Ave. Concord, CA 1461 Concord Ave. Concord, CA 2655 Stanwell Drive Concord, CA | Rosewood Village Associates SRE California – 6, LLC SVC Properties, LLC | SRE California – 6, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
19. | FAA Concord T, Inc. | California Corporation C0613543 | Concord Toyota Concord Scion Parking | 1090 Concord Ave. Concord, CA Buchanan Field Airport, Area 7 West of Solano Way | 1090 Concord Associates, LLC County of Contra Costa | ||||||||||||||||||
20. | FAA Holding LLC | California Limited Liability Company 202022510001 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
21. | FAA Las Vegas H, Inc. | Nevada Corporation C13186-1999 | Honda West | 7615 W. Sahara Ave. Las Vegas, NV | CARS CNI-2 L.P. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
22. | FAA Poway H, Inc. | California Corporation C2006230 | Poway Honda Parking | 13747 Poway Rd. Poway, CA 13875 Kirkham Way Poway, CA | Bay Automotive Properties, LLC Poway Auto Dealers Association LLC | ||||||||||||||||||
23. | FAA San Bruno, Inc. | California Corporation C2004303 | Melody Toyota Melody Scion (Main Facility) (Service and Parts Facility) (Parking Lot – New and Used) (Main Facility) (Used Car Facility) (Parking – Used Cars) (Used Cars) (Parking Lot) | 750 El Camino Real San Bruno, CA 222 E. San Bruno Ave. San Bruno, CA 732 El Camino Real San Bruno, CA 750 El Camino Real San Bruno, CA 650 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA | Bill & Sylvia Wilson L & P Kaplan Peter J. Mandell and Susan Gootnick Chapman Hui California, LLC Martha E. Bishop, Helen J. Carey, The Mary Colter McDonald Trust Bill Malkason Sonic Development, LLC Tommie Carol Ann Mobley and Larry Malasoma | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
(Used Cars) (Parking Lot) | 650 and 660 El Camino Real San Bruno, CA 692 El Camino Real San Bruno, CA | Sonic Development, LLC Tommie Carol Ann Mobley and Larry Malasoma | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc | ||||||||||||||||||||
24. | FAA Serramonte H, Inc. | California Corporation C2069465 | Honda of Serramonte | 485 Serramonte Blvd. Colma, CA | Price Trust | ||||||||||||||||||
25. | FAA Serramonte L, Inc. | California Corporation C2004222 | Lexus of Serramonte Lexus of Marin Main Used Car | 700 Serramonte Blvd. Colma, CA 513 Francisco Blvd. E. San Rafael, CA 535 Francisco Blvd. E. San Rafael, CA | Price Trust CAR FAA II LLC Hendrickson Development, Inc. | ||||||||||||||||||
26. | FirstAmerica Automotive, LLC | Delaware Limited Liability Company 2761294 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
27. | Fort Mill Ford, Inc. | South Carolina Corporation | Fort Mill Ford | 801 Gold Hill Rd. Fort Mill, SC | SRE South Carolina-1, LLC | SRE South Carolina-1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
28. | Franciscan Motors, Inc. | California Corporation C1532758 | Acura of Serramonte | 465/475 Serramonte Blvd. Colma, CA | Price Trust | ||||||||||||||||||
29. | L Dealership Group, LLC | Texas Limited Liability Company 0803708626 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
30. | Marcus David Corporation | North Carolina Corporation 0272880 | Town and Country Toyota Certified Used Cars Lot CPO and Truck Sales Town and Country Toyota-Scion Town and Country Toyota | 9900 South Blvd. Charlotte, NC 1300 Cressida Dr. Charlotte, NC 9101 South Blvd. Charlotte, NC | Jessco Ltd. National Retail Properties, LP MMR Holdings, LLC | ||||||||||||||||||
31. | Ontario L, LLC | California Limited Liability Company 200330110050 | Crown Lexus | 1125 Kettering Dr. Ontario, CA | M.F. Salta Co., Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
32. | Philpott Motors, LLC | Texas Limited Liability Company 0803707706 | Philpott Motors Hyundai (Hangar Lease) Philpott Ford Philpott Toyota Philpott Ford-Toyota (Fleet/Body Shop) | 1900 U.S. Hwy. 69 Nederland, TX 4605 Third St. Airport Beaumont, TX 1400 U.S. Hwy. 69 Nederland, TX 2727 Nall St. Port Neches, TX | Rustin B. Penland Jefferson County, Texas Philpott Properties, Ltd. Philpott Properties, Ltd. | ||||||||||||||||||
33. | SAI AL HC1, Inc. | Alabama Corporation D/C 206-272 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
34. | SAI AL HC2, Inc. | Alabama Corporation D/C 199-217 | Tom Williams Collision Center | 1874 Grants Mill Rd. Irondale, AL | SRE Alabama–2, LLC | SRE Alabama–2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
35. | SAI Atlanta B, LLC | Georgia Limited Liability Company 08083814 | Global Imports BMW Global Imports MINI Parking (BMW) Collision Center (MINI) | 500 Interstate North Pkwy. SE Atlanta, GA 2100-2120 Powers Ferry Rd Atlanta, GA 5925 Peachtree Industrial Blvd. Atlanta, GA | MMR Holdings, LLC c/o Capital Automotive REIT McLean, VA 22102 Attn: Portfolio Manager Shadowood Office Park, LLC SRE Georgia 4, LLC | SRE Georgia 4, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
36. | SAI Chattanooga N, LLC | Tennessee Limited Liability Company 000767923 | Nissan of Chattanooga East | 2121 Chapman Road Chattanooga TN 37421 | |||||||||||||||||||
37. | SAI Chamblee V, LLC | Georgia Limited Liability Company K734665 | Dyer and Dyer Volvo (Chamblee location) | 5260 Peacthree Industrial Blvd., Chamblee, GA | D & R Investments 200 Branch Hill Lane Columbia, SC 29223 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
38. | SAI Clearwater T, LLC | Florida Limited Liability Company L08000116713 | Clearwater Toyota Clearwater Scion | 21799 U.S. Hwy. 19 N. Clearwater, FL | |||||||||||||||||||
39. | SAI Columbus T, LLC | Ohio Limited Liability Company CP13128 | Toyota West Scion West Hatfield Automall | 1500 Auto Mall Dr. Columbus, OH | SRE Ohio - 1, LLC | SRE Ohio - 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
40. | SAI Denver B, Inc. | Colorado Corporation 20131294528 | Murray BMW of Denver Bodyworks Murray Motorworks Sales - Used Parking | 900 S. Colorado Blvd. Denver, CO 2201 S. Wabash St. Denver, CO 4300 E. Kentucky Ave. Denver, CO 7750 E. Cherry Creek South Dr. Denver, CO 4677 S. Broadway Denver, CO 4651 S. Broadway Denver, CO | SRE Colorado – 2, LLC SRE Colorado – 2, LLC SRE Colorado – 2, LLC SRE Colorado – 2, LLC Moreland Properties, LLC William J. Markel | SRE Colorado – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
41. | SAI Denver M, Inc. | Colorado Corporation 20131291339 | Mercedes-Benz of Denver CPO & Service Sales | 4300 E. Kentucky Ave. 4677 S. Broadway 940 S. Colorado Blvd. 4677 S. Broadway | SRE Colorado 2, LLC SRE Colorado 2, LLC | SRE Colorado – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
42. | SAI DS, LLC | Texas Limited Liability 802514325 | driversselect | 13615 N. Central Expressway Dallas, TX 75243 | SAI DS Realty TX, LLC | SAI DS Realty TX, LLC is a direct subsidiary of SAI DS, LLC | |||||||||||||||||
43. | SAI DS Realty TX, LLC | Texas Limited Liability Company 802797035 | 13615 N. Central Expressway Dallas, TX 75243 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
44. | SAI Fairfax B, LLC | Virginia Limited Liability Company S4346344 | BMW of Fairfax Main Body Shop Service Parking Parking Body Shop | 8427 Lee Hwy. Fairfax, VA 2730 Dorr Avenue Fairfax, VA 2805 Old Lee Hwy. Fairfax, VA 8431 Lee Hwy. Fairfax, VA 8111 Gatehouse Rd. Falls Church, VA 8504 Lee Hwy. Fairfax, VA | MMR Holdings, LLC Craven, LLC Holman @ Merrifield, LLC 8431 Lee Highway, LLC 8111 Gatehouse Road Investors, LLC Euridiki and Nicholas Myseros | ||||||||||||||||||
45. | SAI FL HC2, Inc. | Florida Corporation P98000016038 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
46. | SAI FL HC3, Inc. | Florida Corporation P98000064012 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
47. | SAI FL HC4, Inc. | Florida Corporation P98000064009 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
48. | SAI FL HC7, Inc. | Florida Corporation F86660 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
49. | SAI Fort Myers B, LLC | Florida Limited Liability Company L08000116712 | BMW of Fort Myers MINI of Fort Myers | 15421 S. Tamiami Tr. Fort Myers, FL 13880 S. Tamiami Tr. Fort Myers, FL | SRE Florida – 1, LLC CARS (SON-064) | SRE Florida – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc.. | |||||||||||||||||
50. | SAI Fort Myers M, LLC | Florida Limited Liability Company L98000002089 | Mercedes-Benz of Fort Myers | 15461 S. Tamiami Tr. Fort Myers, FL | SRE Florida – 1, LLC | SRE Florida – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
51. | SAI Fort Myers VW, LLC | Florida Limited Liability Company L08000116709 | Volkswagen of Fort Myers | 14060 S. Tamiami Tr. Fort Myers, FL | CAR SONFREE, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
52. | SAI GA HC1, LLC | Georgia Limited Partnership 0224680 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
53. | SAI Irondale Imports, LLC | Alabama Limited Liability Company 428-744 | Tom Williams Imports (BMW) Tom Williams Audi Tom Williams Porsche Land Rover Birmingham MINI of Birmingham Jaguar Birmingham | 1000 Tom Williams Way Irondale, AL 3001 Tom Williams Way Irondale, AL 3000 Tom Williams Way Irondale, AL 2001 Tom Williams Way Irondale, AL 1001 Tom Williams Way Irondale, AL 1314 Grants Mill Way Irondale, AL | SRE Alabama–2, LLC SRE Alabama–2, LLC SRE Alabama–2, LLC SRE Alabama–2, LLC | SRE Alabama–2, LLC is an indirect subsidiary of Sonic Automotive, Inc.. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
54. | SAI Irondale L, LLC | Alabama Corporation DLL 662-073 | Tom Williams Lexus | 1001 Tom Williams Way Irondale, AL | SRE Alabama–2, LLC | ||||||||||||||||||
55. | SAI Long Beach B, Inc. | California Corporation C2998588 | Long Beach BMW Long Beach MINI | 2998 Cherry Ave. Signal Hill, CA 90755 1660 E. Spring Street Signal Hill, CA 90756 | Velma M. Robinett, Trustee of the Alda C. Jones Trust c/o Signal Hill Redevelopment Agency 2175 Cherry Ave. Signal Hill, CA 90806 | ||||||||||||||||||
56. | SAI McKinney M, LLC | Texas Limited Liability Company 802180025 | Mercedes-Benz of McKinney | 2080 North Central Expressway McKinney, TX 75069 | |||||||||||||||||||
57. | SAI MD HC1, Inc. | Maryland Corporation D05310776 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
58. | SAI Monrovia B, Inc. | California Corporation C2979304 | BMW of Monrovia MINI of Monrovia Parking | 1425-1451 South Mountain Ave. Monrovia, CA 550 E. Huntington Drive Monrovia, CA | DMSA, LLC c/o Dennis D. and Charyl A. Assael, Trustees 222 Heliotrope Ave. Corona del Mar, CA 92625 Foothill Technology Center, LLC | ||||||||||||||||||
59. | SAI Montgomery B, LLC | Alabama Limited Liability Company 428-746 | BMW of Montgomery | 731 Eastern Blvd. Montgomery, AL | CARS – DB5, LP | ||||||||||||||||||
60. | SAI Montgomery BCH, LLC | Alabama Limited Liability Company 428-745 | Classic Buick GMC Cadillac | 833 Eastern Blvd. Montgomery, AL | Rouse Bricken, LLC | ||||||||||||||||||
61. | SAI Montgomery CH, LLC | Alabama Limited Liability Company 428-747 | Capitol Chevrolet Capitol Hyundai | 711 Eastern Blvd. Montgomery, AL 2820 Eastern Blvd. Montgomery, AL | CARS-DB5, LP CAR BSC L.L.C. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
62. | SAI Nashville CSH, LLC | Tennessee Limited Liability Company 0336183 | Crest Cadillac Crest Saab | 2121 Rosa L. Parks Blvd. Nashville, TN | CAR SON MAS TN L.L.C. | ||||||||||||||||||
63. | SAI Nashville H, LLC | Tennessee Limited Liability Company 0336180 | Crest Honda | 2215 Rosa L. Parks Blvd. Nashville, TN | CAR SON MAS TN L.L.C. | ||||||||||||||||||
64. | SAI Nashville M, LLC | Tennessee Limited Liability Company 0336182 | Mercedes-Benz of Nashville smart center of Nashville | 630 Bakers Bridge Ave. Franklin, TN | BKB Properties LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
65. | SAI Nashville Motors, LLC | Tennessee Limited Liability Company 0566970 | Audi Nashville Porsche of Nashville | 1576 Mallory Lane Brentwood, TN 1580 Mallory Lane Brentwood, TN | SRE Tennessee – 1, LLC SRE Tennessee – 2, LLC | SRE Tennessee – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. SRE Tennessee – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
66. | SAI OK HC1, Inc. | Oklahoma Corporation 1900632183 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
67. | SAI Orlando CS, LLC | Florida Limited Liability Company L08000116711 | Massey Cadillac [North] Massey Saab of Orlando Massey Cadillac South (Vehicle storage) | 4241 N. John Young Pkwy. Orlando, FL 8819 S. Orange Blossom Tr. Orlando, FL 1851 Landstreet Rd. Orlando, FL | CAR SON MAS, L.P. CAR SON MAS, L.P. Sonic Development, LLC | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
68. | SAI Peachtree, LLC | Georgia Limited Liability Company 12101436 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
69. | SAI Pensacola A, LLC | Florida Limited Liability Company L15000038068 | Audi Pensacola | 6303 Pensacola Blvd. Penscaola FL | |||||||||||||||||||
70. | SAI Philpott T, LLC | Texas Limited Liability Company 802278062 | Philpott Toyota Philpott Scion | 2229 Highway 69 Nederland TX 77627 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
71. | SAI Rockville Imports, LLC | Maryland Limited Liability Company W12791083 | Rockville Audi Rockville Porsche-Audi Porsche of Rockville (Parking Lot) Vehicle Storage | 1125 Rockville Pike Rockville, MD 1542 & 1550 Rockville Pike Rockville, MD 1190 Rockville Pike Rockville, MD | SRE-Virginia 1, LLC 1500 Rockville Pike, LLC Everett A. Hellmuth, III | SRE-Virginia 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
72. | SAI Roaring Fork LR, Inc. | Colorado Corporation 2014156978 | Land Rover Roaring Fork | 52876 Two Rivers Plaza Road Glenwood Springs CO | |||||||||||||||||||
73. | SAI Rockville L, LLC | Maryland Limited Liability Company W12796074 | Lexus of Rockville | 15501 & 15515 Frederick Rd. Rockville, MD 15814-A and B Paramount Dr. Rockville, MD | Royco, Inc. 8121 Georgia Ave. Suite 500 Silver Spring, MD 20910 Beltway Cable Services Inc. 15815 Paramount Dr. Rockville, MD 20855 | ||||||||||||||||||
74. | SAI Stone Mountain T, LLC | Georgia Limited Liability Company 0342795 | Stone Mountain Toyota Stone Mountain Scion | 4400 Stone Mountain Hwy Stone Mountain, GA | National Retail Properties, LP |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
75. | SAI S. Atlanta JLR, LLC | Georgia Limited Liability Company 16070312 | Jaguar South Atlanta Land Rover South Atlanta | 3900 Jonesboro Rd. Union City GA 30291 | SRE Georgia 5, LLC | SRE Georgia 5, LLC is an affiliate of SAI S. Atlanta JLR, LLC | |||||||||||||||||
76. | SAI TN HC1, LLC | Tennessee Limited Liability Company 0336184 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
77. | SAI TN HC2, LLC | Tennessee Limited Liability Company 0336185 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
78. | SAI TN HC3, LLC | Tennessee Limited Liability Company 0336181 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
79. | SAI VA HC1, Inc. | Virginia Corporation 07019870 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
80. | SAI West Houston B, LLC | Texas Limited Liability Company 802152114 | BMW of West Houston | 20822 Katy Freeway Katy TX | |||||||||||||||||||
81. | Santa Clara Imported Cars, Inc. | California Corporation C0587296 | Honda of Stevens Creek Stevens Creek Honda – Offsite Vehicle Storage | 4590 Stevens Creek Blvd. San Jose, CA 1507 South 10th St. San Jose, CA | SRE California – 8 SCH, LLC 10th Street Land Management | SRE California – 8 SCH, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
82. | Sonic – 2185 Chapman Rd., Chattanooga, LLC | Tennessee Limited Liability Company 0366281 | Economy Honda Superstore | 2135 Chapman Rd. Chattanooga, TN | Standefer Investment Company | ||||||||||||||||||
83. | Sonic Advantage PA, LLC | Texas Limited Liability Company 0803707771 | Porsche of West Houston Audi West Houston Momentum Luxury Cars | 11890 Katy Fwy. Houston, TX 11850 Katy Fwy., Houston, TX 15865 Katy Fwy. Houston, TX | SRE Texas – 2, LLC SRE Texas – 2, LLC | SRE Texas – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
84. | Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | South Carolina Corporation | Century BMW Century MINI (Parking Lot) Century BMW Mini | 2750 Laurens Rd. Greenville, SC 17 Duvall and 2758 Laurens Rd. Greenville, SC 2930-2934 Laurens Rd. Greenville, SC | MMR Holdings, LLC Brockman Real Estate, LLC SRE South Carolina – 2, LLC | SRE South Carolina-2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
85. | Sonic Automotive – 3401 N. Main, TX, LLC | Texas Limited Liability Company 0803707776 | Ron Craft Chevrolet Cadillac Baytown Auto Collision Center | 4114 Hwy. 10 E. Baytown, TX | CAR SON BAY, L.P. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
86. | Sonic Automotive – 4701 I-10 East, TX, LLC | Texas Limited Liability Company 0803712341 | Baytown Ford | 4110 Hwy. 10 E. Baytown, TX | CAR SON BAY, L.P. | ||||||||||||||||||
87. | Sonic Automotive – 9103 E. Independence, NC, LLC | North Carolina Limited Liability Company 0470751 | Infiniti of Charlotte Infiniti of Charlotte Parking Lot | 9103 E. Independence Blvd. Matthews, NC 9009 E. Independence Blvd. Matthews, NC | MMR Holdings, LLC CAR SON CHAR L.L.C. | ||||||||||||||||||
88. | Sonic Automotive Aviation, LLC | North Carolina Limited Liability Company 1320781 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
89. | Sonic Automotive F&I, LLC | Nevada Limited Liability Company LLC8620-1999 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
90. | Sonic Automotive of Chattanooga, LLC | Tennessee Limited Liability Company 0336188 | BMW of Chattanooga | 6806 E. Brainerd Rd. Chattanooga, TN | 75 Pointe Centre Partners, LLC | ||||||||||||||||||
91. | Sonic Automotive of Nashville, LLC | Tennessee Limited Liability Company 0336186 | BMW of Nashville MINI of Nashville Parking | 4040 Armory Oaks Dr. Nashville, TN 4010 Armory Oaks Dr. Nashville, TN 1572 Mallory Lane Brentwood, TN 37027 | H.G. Hill Realty Company, LLC H.G. Hill Realty Company, LLC | ||||||||||||||||||
92. | Sonic Automotive of Nevada, Inc. | Nevada Corporation C18014-1997 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
93 | Sonic Automotive of Texas, LLC | Texas Limited Liability Company 0803712331 | Lone Star Ford | 8477 North Fwy. Houston, TX | MMR Viking Investment Associates, LP | ||||||||||||||||||
94. | Sonic Automotive Support, LLC | Nevada Limited Liability Company LLC19412-2003 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||||
95. | Sonic Automotive West, LLC | Nevada Limited Liability Company LLC9139-1999 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
96. | Sonic-Buena Park H, Inc. | California Corporation C2356456 | Buena Park Honda - Employee Parking Buena Park Honda – Main Parking Vehicle Storage | 7697 Beach Blvd. Buena Park, CA 6411 Beach Blvd. Buena Park, CA 6841 Western Avenue Buena Park, CA 6291 Auto Center Drive Buena Park, CA | Abbott Investments Saltalamacchia Land Company Buena Park Masonic Temple Board Orange County Transportation Authority | ||||||||||||||||||
97. | Sonic – Integrity Dodge LV, LLC | Nevada Limited Liability Company LLC4879-1999 | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
98. | Sonic Calabasas M, Inc. | California Corporation C2975101 | Mercedes-Benz of Calabasas Parking | 24181 Calabasas Rd. Calabasas, CA 91302 Parking lot north of and abutting above address containing 20,036 square feet, more or less 21800 Oxnard Street Woodland Hills, CA | Arthur D’Egidio and Assunta D’Egidio, as Trustees of the D’Egidio Trust dated May 13, 1985 and Maria A. D’Egidio, as Trustee of the D’Egidio Trust dated April 29, 1985 17401 Gresham St. Northridge, CA 91325 City of Calabasas, California 26135 Mureau Rd. Calabasas, CA 91302 Attn: City Manager Ampco System Parking |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
99. | Sonic-Clear Lake Volkswagen, LLC | Texas Limited Liability Company 0803712287 | Momentum Volkswagen of Clear Lake | 15100 Gulf Fwy. Houston, TX | CARS-DB4, LP | ||||||||||||||||||
100. | Sonic – Denver T, Inc. | Colorado Corporation 20021350687 | Mountain States Toyota and Scion Mountain States Toyota | 201 W. 70th Ave. Denver, CO | SRE Colorado – 1, LLC | SRE Colorado – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
101. | Sonic Development, LLC | North Carolina Limited Liability Company 0483658 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
102. | Sonic Divisional Operations, LLC | Nevada Limited Liability Company LLC26157-2004 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | Nevada Speedway, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
103. | Sonic - Fort Worth T, LLC | Texas Limited Liability Company 0803726979 | Toyota of Fort Worth Scion of Fort Worth Main Used Car | 9001 Camp Bowie W. Fort Worth, TX 8901 US Hwy 80 West Fort Worth, TX | SON MCKNY II, L.P. SON MCKNY II, L.P. | ||||||||||||||||||
104. | Sonic - Harbor City H, Inc. | California Corporation C2356454 | Carson Honda | 1435 E. 223rd St. Carson, CA | ENRI 2, LLC | ||||||||||||||||||
105. | Sonic Houston JLR, LLC | Texa Limited Liability Company 0803707781 | Jaguar Houston North Land Rover Houston North | 18205 Interstate 45 N Houston, TX | SRE Texas – 1, LLC | SRE Texas – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
106. | Sonic Houston LR, LLC | Texas Limited Liability Company 0803707788 | Land Rover Houston Central Jaguar Houston Central | 7019 Old Katy Rd. Houston, TX 7025 Old Katy Rd. Houston, TX | Capital Automotive, LP SRE Texas – 7, LLC | SRE Texas – 7, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
107. | Sonic - Houston V, LLC | Texas Limited Liability Company 0803712226 | Volvo of Houston (Body Shop) | 11950 Old Katy Rd. Houston, TX 1321 Sherwood Forest Dr. Houston, TX | Mark Miller, Trustee Mark Miller, Trustee | ||||||||||||||||||
108. | Sonic-Jersey Village Volkswagen, LLC | Texas Limited Liability Company 0803712317 | Momentum Volkswagen of Jersey Village Parking | 19550 Northwest Fwy. Houston, TX 11411 FM 1960 Road West Houston, TX | CAR 2 MOM, LP Cyfair Developments, LP |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
109. | Sonic - Las Vegas C West, LLC | Nevada Limited Liability Company LLC7434-2000 | Cadillac of Las Vegas Cadillac of Las Vegas - West | 5185 W. Sahara Ave. Las Vegas, NV | SRE Nevada – 2, LLC | SRE Nevada – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
110 | Sonic - LS Chevrolet, LLC | Texas Limited Liability Company 0803707733 | Lone Star Chevrolet Lone Star Chevrolet Parking Lot | 18800 & 18900 North Fwy. and 9110 N. Eldridge Parkway, Houston, TX 18990 Northwest Fwy. Houston, TX | CARS-DB4, L.P. CAR SON STAR, L.P. | ||||||||||||||||||
111. | Sonic - LS, LLC | Delaware Limited Liability Company 3440418 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
112 | Sonic - Lute Riley, LLC | Texas Limited Liability Company 0803707761 | Lute Riley Honda (Body Shop) Storage Storage Service/Car Wash | 1331 N. Central Expy. Richardson, TX 13561 Goldmark Dr. Richardson, TX 331 Melrose Drive Richardson, TX 816 S. Sherman Street Richardson, TX 820 S. Sherman Street Richardson, TX | MMR Viking Investment Associates, LP CARS (SON-105) CCI-Melrose 1, L.P. HLN Enterprises, Inc. A. Kenneth Moore |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
113. | Sonic Momentum B, LLC | Texas Limited Liability Company 0803710696 | Momentum BMW Momentum MINI (Momentum BMW/MINI Body Shop) Momentum BMW (West) Momentum BMW West - Parking Momentum Collision Center | 10000 Southwest Fwy. Houston, TX 10002 Southwest Fwy. Houston, TX 9911 Centre Pkwy. Houston, TX 15865 Katy Fwy. Houston, TX 11777 Katy Fwy. Houston, TX | CARS CNI-2, LP CARS CNI-2, L.P. RMC AutoSonic BMWN, L.P. Kirkwood Partners, LP | ||||||||||||||||||
114. | Sonic Momentum JVP, LLC | Texas Limited Liability Company 0803707794 | Jaguar Southwest Houston Land Rover Southwest Houston Momentum Volvo Momentum Porsche | 10150 Southwest Fwy. Houston, TX 10155 Southwest Fwy. Houston, TX | CARS CNI-2, LP SRE Texas – 3, LLC | SRE Texas – 3, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
115. | Sonic Momentum VWA, LLC | Texas Limited Liability Company 0803707807 | Momentum Volkswagen Audi Central Houston Certified Pre-Owned Sales Momentum Audi Momentum Audi Back Lot (Storage) Momentum Audi – Parking Momentum Audi – Parking Momentum Audi – Service Center Momentum Audi – Parking Garage Momentum Audi – Parking Momentum Audi – Parking Garage | 2405 Richmond Ave. Houston, TX 2309 Richmond Ave. Houston, TX 3717-3725 Revere St. Houston, TX 2401 Portsmouth Houston, TX 2211 Norfolk Street Houston, TX 2120 Southwest Fwy. Houston, TX 3131 Richmond Ave., Houston, TX 3120 Southwest Freeway, Houston, TX 3847 Farnham St, Houston, TX 2211 Norfolk St, Houston, TX | RMC Auto Sonic VWA, LP RMC Auto Sonic VWA, LP La Mesa Properties Limited La Mesa Properties Limited The Realty Associates Fund IX, LP 3131 Richmond, LLC and 3 Lot Pieces, LLC Plaza at Audley, LLC Eastern Diversified, LP Norfolk Tower, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
116. | Sonic of Texas, Inc. | Texas Corporation 150782300 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
117. | Sonic Resources, Inc. | Nevada Corporation C24652-2001 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||||
118. | Sonic - Richardson F, LLC | Texas Limited Liability Company 0803712249 | North Central Ford | 1819 N. Central Expy. Richardson, TX | SRE Texas 10, LLC | SRE Texas 10, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
119. | Sonic Santa Monica M, Inc. | California Corporation C2727452 | W.I. Simonson (Service) (Parking) Parking Office Parts/Service | 1626 Wilshire Blvd. Santa Monica, CA 1330 Colorado Ave. Santa Monica, CA 1215 – 17th St. Santa Monica, CA 1415 Euclid & 1308 Santa Monica Blvd. Santa Monica, CA 11766 Wilshire Blvd. Santa Monica, CA 1301 Santa Monica Blvd. Santa Monica, CA 1337 Euclid Street Santa Monica, CA | 17th & Wilshire Partnership Investment Co. of Santa Monica 7R Apartments Frances M. Rehwald, Trustee, Frances M. Rehwald Family Trust Judith A. Richards, Trustee, Judity a. Richards Separate Property Trust William J.S. Rehwald, Trustee, William J.S. Rehwald Separate Property Trust Frances M. Rehwald, Judith a. Richards, William J.S. Rehwald, Trustees, Mary F. Rehwald Separate Property Trust Ampco System Parking Sully Three SM, LLC Sully Three SM, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
Parking Office Parts/Service | 11766 Wilshire Blvd. Santa Monica, CA 1301 Santa Monica Blvd. Santa Monica, CA 1337 Euclid Street Santa Monica, CA | Judith A. Richards, Trustee, Judity a. Richards Separate Property Trust William J.S. Rehwald, Trustee, William J.S. Rehwald Separate Property Trust Frances M. Rehwald, Judith a. Richards, William J.S. Rehwald, Trustees, Mary F. Rehwald Separate Property Trust Ampco System Parking Sully Three SM, LLC Sully Three SM, LLC | |||||||||||||||||||||
120. | Sonic - Shottenkirk, Inc. | Florida Corporation P99000043291 | Pensacola Honda | 5600 Pensacola Blvd. Pensacola, FL | MMR Holdings, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
121. | Sonic - Stevens Creek B, Inc. | California Corporation C0723787 | Stevens Creek BMW | 4343 Stevens Creek Blvd. San Jose, CA 4333 Stevens Creek Blvd. San Jose, CA | SRE California – 7 SCB, LLC SRE California – 7 SCB, LLC | SRE California – 7 SCB, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||||
122. | Sonic Walnut Creek M, Inc. | California Corporation C2508517 | Mercedes-Benz of Walnut Creek (Jensen Lease - Service) (Parking Lot) Parking Parking | 1301 Parkside Dr. Walnut Creek, CA 1360 Pine St. Walnut Creek, CA 1300 Pine St. Walnut Creek, CA 2650 Cloverdale Avenue Concord, CA 2198 N. Main Street Walnut Creek, CA | Stead Leasing, Inc. Peter C. Jensen, Trustee of the Peter Cole Jensen and Sharon A. Jensen Living Trust dated December 23, 1986 Testamentary Trust of Paul W. Muller Robert M. Sherman 2002 Frederick D. Wertheim Revocable Trust |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
123. | SRE Alabama - 2, LLC | Alabama Limited Liability Company 670-275 | N/A | N/A | N/A | N/A | |||||||||||||||||
124. | SRE Alabama-5, LLC | Alabama Limited Liability Company DLL 691-622 | N/A | N/A | N/A | N/A | |||||||||||||||||
125. | SRE California - 1, LLC | California Limited Liability Company 200202910110 | N/A | N/A | N/A | N/A | |||||||||||||||||
126. | SRE California – 2, LLC | California Limited Liability Company 200202910111 | N/A | N/A | N/A | N/A | |||||||||||||||||
127. | SRE California – 3, LLC | California Limited Liability Company 200202810141 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
128. | SRE California – 5, LLC | California Limited Liability Company 200203110006 | N/A | N/A | N/A | N/A | |||||||||||||||||
129. | SRE California – 6, LLC | California Limited Liability Company 200203110007 | N/A | N/A | N/A | N/A | |||||||||||||||||
130. | SRE California -7 SCB, LLC | California Limited Liability Company 201033410181 | N/A | N/A | N/A | N/A | |||||||||||||||||
131. | SRE California – 8 SCH, LLC | California Limited Liability Company 201033510021 | N/A | N/A | N/A | N/A | |||||||||||||||||
132. | SRE California – 9 BHB, LLC | California Limited Liability Company 201126410082 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
133. | SRE California 10 LBB, LLC | California Limited Liability Company 201413910313 | N/A | N/A | N/A | N/A | |||||||||||||||||
134. | SRE Colorado - 1, LLC | Colorado Limited Liability Company 20021330518 | N/A | N/A | N/A | N/A | |||||||||||||||||
135. | SRE Colorado – 2, LLC | Colorado Limited Liability Company 20021330523 | N/A | N/A | N/A | N/A | |||||||||||||||||
136. | SRE Colorado – 3, LLC | Colorado Limited Liability Company 20021330530 | N/A | N/A | N/A | N/A | |||||||||||||||||
137. | SRE Colorado – 4 RF, LLC | Colorado Limited Liability Company 20141516951 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
138. | SRE Colorado – 5 CC, LLC | Colorado Limited Liability Company 201415486855 | 2876 Two Rivers Plaza Road Glenwood Springs CO | N/A | N/A | N/A | N/A | ||||||||||||||||
139. | SRE Florida - 1, LLC | Florida Limited Liability Company L00000006050 | N/A | N/A | N/A | N/A | |||||||||||||||||
140. | SRE Georgia – 4, LLC | Georgia Limited Liability Company 11091238 | N/A | N/A | N/A | N/A | |||||||||||||||||
141. | SRE Holding, LLC | North Carolina Limited Liability Company 0551475 | N/A | N/A | N/A | N/A | |||||||||||||||||
142. | SRE Maryland – 1, LLC | Maryland Limited Liability Company 200162227 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
143. | SRE Nevada – 2, LLC | Nevada Limited Liability Company LLC5021-2000 | N/A | N/A | N/A | N/A | |||||||||||||||||
144. | SRE North Carolina – 2, LLC | North Carolina Limited Liability Company 0682830 | N/A | N/A | N/A | N/A | |||||||||||||||||
145. | SRE North Carolina – 3, LLC | North Carolina Limited Liability Company 0682833 | N/A | N/A | N/A | N/A | |||||||||||||||||
146. | SRE Ohio 1, LLC | Ohio Limited Liability Company 2146293 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
147. | SRE Ohio 2, LLC | Ohio Limited Liability Company 2146292 | N/A | N/A | N/A | N/A | |||||||||||||||||
148. | SRE Oklahoma -2, LLC | Oklahoma Limited Liability Company 3500697105 | N/A | N/A | N/A | N/A | |||||||||||||||||
149. | SRE South Carolina – 2, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||||
150. | SRE South Carolina-3, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
151. | SRE South Carolina – 4, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||||
152. | SRE Tennessee – 1, LLC | Tennessee Limited Liability Company 000390360 | N/A | N/A | N/A | N/A | |||||||||||||||||
153. | SRE Tennessee – 2, LLC | Tennessee Limited Liability Company 000390358 | N/A | N/A | N/A | N/A | |||||||||||||||||
154. | SRE Tennessee – 3, LLC | Tennessee Limited Liability Company 000390359 | N/A | N/A | N/A | N/A | |||||||||||||||||
155. | SRE Tennessee-4, LLC | Tennessee Limited Liability Company 0450279 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
156. | SRE Tennessee – 5, LLC | Tennessee Limited Liability Company 000450278 | N/A | N/A | N/A | N/A | |||||||||||||||||
157. | SRE Tennessee – 6, LLC | Tennessee Limited Liability Company 000797947 | N/A | N/A | N/A | N/A | |||||||||||||||||
158. | SRE Tennessee 7, LLC | Tennessee Limited Liability Company 000959852 | N/A | 6001 Lee Highway, Chattanooga, TN 37421 | N/A | N/A | |||||||||||||||||
159. | SRE Texas – 1, LLC | Texas Limited Liability Company 0803712346 | N/A | N/A | N/A | N/A | |||||||||||||||||
160. | SRE Texas – 2, LLC | Texas Limited Liability Company 0803712368 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
161. | SRE Texas – 3, LLC | Texas Limited Liability Company 0803712408 | N/A | N/A | N/A | N/A | |||||||||||||||||
162. | SRE Texas – 4, LLC | Texas Limited Liability Company 0803712412 | N/A | N/A | N/A | N/A | |||||||||||||||||
163. | SRE Texas – 5, LLC | Texas Limited Liability Company 0803712417 | N/A | N/A | N/A | N/A | |||||||||||||||||
164. | SRE Texas – 6, LLC | Texas Limited Liability Company 0803712425 | N/A | N/A | N/A | N/A | |||||||||||||||||
165. | SRE Texas – 7, LLC | Texas Limited Liability Company 0803712430 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
166. | SRE Texas – 8, LLC | Texas Limited Liability Company 0803712434 | N/A | N/A | N/A | N/A | |||||||||||||||||
167. | SRE Texas 9, LLC | Texas Limited Liability Company 801419276 | N/A | N/A | N/A | N/A | |||||||||||||||||
168. | SRE Texas 10, LLC | Texas Limited Liability Company 801675082 | N/A | N/A | N/A | N/A | |||||||||||||||||
169. | SRE Texas 11, LLC | Texas Limited Liability Company 801723757 | N/A | N/A | N/A | N/A | |||||||||||||||||
170. | SRE Texas 12, LLC | Texas Limited Liability Company 801807250 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
171. | SRE Texas 13, LLC | Texas Limited Liability Company 13-802180003 | N/A | N/A | N/A | N/A | |||||||||||||||||
172. | SRE Texas 14, LLC | Texas Limited Liability Company 14-802402987 | N/A | N/A | N/A | N/A | |||||||||||||||||
173. | SRE Texas 15, LLC | Texas Limited Liability Company 15-802570108 | N/A | N/A | N/A | N/A | |||||||||||||||||
174. | SRE Virginia – 1, LLC | Virginia Limited Liability Company 5050246-0 | N/A | N/A | N/A | N/A | |||||||||||||||||
175. | SRE Virginia – 2, LLC | Virginia Limited Liability Company S1012154 | N/A | N/A | N/A | N/A | |||||||||||||||||
176. | Town and Country Ford, Incorporated | North Carolina Corporation 0148959 | Town and County Ford | 5401 E. Independence Blvd. Charlotte, NC | SRE North Carolina - 2, LLC | SRE North Carolina - 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
177. | EchoPark Automotive, Inc. | Delaware Corporation 5387434 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||||
178. | TT Denver, LLC | Colorado Limited Liability Company 20131462193 | 500 E. 104th Ave Thornton, CO 10330 Grant Ave Thornton, CO 80229 10401 E. Arapahoe Rd Centennial, CO 1500 E. County Line Rd Highlands Ranch, CO 13412 West Coal Mine Ave. Littleton, CO 80127 9575 E. 40th Ave. Denver, CO 80230 | TTRE CO 1, LLC TTRE CO 1, LLC TTRE CO 1, LLC TTRE CO 1, LLC | TTRE CO 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | |||||||||||||||||
179. | TTRE CO 1, LLC | Colorado Limited Liability Company 20131504490 | N/A | N/A | N/A | N/A | |||||||||||||||||
180. | Windward, Inc. | Hawaii Corporation 41788D1 | Honda of Hayward (Service) Ground Lease (Sales) (Vehicle Display) (Vehicle Storage) Ground Lease (Sales) | 24895 Mission Blvd. Hayward, CA 24947-24975 Mission Blvd. Hayward, CA 24919 Mission Blvd. Hayward, CA 900 Fletcher Ln. Hayward, CA 24933 Mission Blvd. Hayward, CA | SRE California – 2, LLC Barbara Harrison and Marie Hinton, Trustee of the Marie Hinton Revocable Trust SRE California – 2, LLC SRE California – 2, LLC Paul Y. Fong | SRE California – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
Name of Entity | Ownership | ||||
Sonic Automotive, Inc. | |||||
AM Realty GA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
AnTrev, LLC | Member: SRE Holding, LLC - 100% | ||||
Arngar, Inc. | Sonic Automotive, Inc. - 100%, 1,333 shares | ||||
Autobahn, Inc. | L Dealership Group, LLC – 100%, 400,000 shares | ||||
Avalon Ford, Inc. | Sonic Automotive, Inc. – 100% - 4,164 shares | ||||
Car Cash of North Carolina, Inc. | Sonic Automotive, Inc. – 100% - 100 shares | ||||
Cornerstone Acceptance Corporation | Sonic Automotive, Inc. – 100% - 100 shares | ||||
EchoPark AZ, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark CA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark Driver Education, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark FL, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark GA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark MD, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark NC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark SC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark TN, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark TX, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark Realty AZ, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark Realty CA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EchoPark Realty TX, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EP Realty MD, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EP Realty NC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
EP Realty SC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||
FAA Beverly Hills, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Capitol N, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Concord H, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Concord T, Inc. | FirstAmerica Automotive, LLC – 100%, 1,000 shares | ||||
FAA Dublin N, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Dublin VWD, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Holding LLC | Member: FirstAmerica Automotive, LLC – 100% | ||||
FAA Las Vegas H, Inc. | FAA Holding LLC – 100%, 10,000 shares | ||||
FAA Poway H, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Poway T, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA San Bruno, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Santa Monica V, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Serramonte H, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Serramonte L, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares |
Name of Entity | Ownership | ||||
FAA Serramonte, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Stevens Creek, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FAA Torrance CPJ, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||
FirstAmerica Automotive, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
Fort Mill Ford, Inc. | Sonic Automotive, Inc. – 100%, 2,700 shares | ||||
Franciscan Motors, Inc. | L Dealership Group, LLC – 100%, 700,000 shares | ||||
Frontier Oldsmobile Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 200 shares | ||||
Kramer Motors Incorporated | FAA Holding LLC – 100%, 250 shares | ||||
L Dealership Group, LLC | Member: FAA Holding LLC – 100% | ||||
Marcus David Corporation | Sonic Automotive, Inc. – 100%, 579,000 shares | ||||
Massey Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Mountain States Motors Co., Inc. | Sonic Automotive, Inc. – 100%, 30,000 shares | ||||
Ontario L, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Philpott Motors, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SAI AL HC1, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI AL HC2, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI Ann Arbor Imports, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
SAI Atlanta B, LLC | Member: SAI OK HC1, Inc. 100% | ||||
SAI Broken Arrow C, LLC | Member: SAI OK HC1, Inc. 100% | ||||
SAI Calabasas A, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
SAI Chamblee V, LLC | Member: SAI Peachtree, LLC 100% | ||||
SAI Charlotte M, LLC | Member: Sonic Automotive, Inc. - 100% | ||||
SAI Chattanooga N, LLC | Member: SAI TN HC1, LLC - 100% | ||||
SAI Clearwater T, LLC | Member: SAI FL HC2, Inc. 100% | ||||
SAI Cleveland N, LLC | Member: SAI TN HC1, LLC - 100% | ||||
SAI Columbus Motors, LLC | Member: Sonic Automotive, Inc. 100% | ||||
SAI Columbus T, LLC | Member: Sonic Automotive, Inc. 100% | ||||
SAI Columbus VWK, LLC | Member: Sonic Automotive, Inc. 100% | ||||
SAI Conroe N, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
SAI Denver B, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI Denver C, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI Denver M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI DS, LLC | Member: Sonic Automotive, Inc. 100% | ||||
SAI DS Realty TX, LLC | Member: SAI DS, LLC 100% | ||||
SAI Fairfax B, LLC | Member: SAI VA HC1, Inc. 100% | ||||
SAI FL HC1, Inc | Sonic Automotive, Inc. 100% - 100 shares | ||||
SAI FL HC2, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI FL HC3, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI FL HC4, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI FL HC7, Inc. | Sonic Automotive, Inc. – 100%, 500 shares |
Name of Entity | Ownership | ||||
SAI Fort Myers B, LLC | Member: SAI FL HC2, Inc. 100% | ||||
SAI Fort Myers H, LLC | Member: SAI FL HC4, Inc. 100% | ||||
SAI Fort Myers M, LLC | Member: SAI FL HC7, Inc. 100% | ||||
SAI Fort Myers VW, LLC | Member: SAI FL HC4, Inc. 100% | ||||
SAI GA HC1, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||
SAI Irondale Imports, LLC | Member: SAI AL HC2, Inc. 100% | ||||
SAI Irondale L, LLC | Member: SAI AL HC2, Inc. 100% | ||||
SAI Long Beach B, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI McKinney M, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
SAI MD HC1, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI Monrovia B, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
SAI Montgomery B, LLC | Member: SAI AL HC1, Inc. 100% | ||||
SAI Montgomery BCH, LLC | Member: SAI AL HC1, Inc. 100% | ||||
SAI Montgomery CH, LLC | Member: SAI AL HC1, Inc. 100% | ||||
SAI Nashville CSH, LLC | Member: SAI TN HC1, LLC 100% | ||||
SAI Nashville H, LLC | Member: SAI TN HC3, LLC 100% | ||||
SAI Nashville M, LLC | Member: SAI TN HC1, LLC 100% | ||||
SAI Nashville Motors, LLC | Member: SAI TN HC2, LLC 100% | ||||
SAI OK HC1, Inc. | Sonic Automotive, Inc. – 25%, 100 shares Sonic Automotive of Nevada, Inc. – 75%, 300 shares | ||||
SAI Oklahoma City C, LLC | Member: SAI OK HC1, Inc. – 100% | ||||
SAI Oklahoma City H, LLC | Member: SAI OK HC1, Inc. – 100% | ||||
SAI Oklahoma City T, LLC | Member: SAI OK HC1, Inc. – 100% | ||||
SAI Orlando CS, LLC | Member: SAI FL HC3, Inc. 100% | ||||
SAI Peachtree, LLC | Member: SAI GA HC1, LLC 100% | ||||
SAI Pensacola A, LLC | Member: SAI FL HC2, Inc. - 100% | ||||
SAI Riverside C, LLC | Member: SAI OK HC1, Inc. – 100% | ||||
SAI Philpott T, LLC | Member: Sonic Automotive, Inc.- 100% | ||||
SAI Roaring Fork LR, Inc. | Sonic Automotive, Inc.- 100% - 100 shares | ||||
SAI Rockville Imports, LLC | Member: SAI MD HC1, Inc. 100% | ||||
SAI Rockville L, LLC | Member: SAI MD HC1, Inc. - 100% | ||||
SAI Santa Clara K, Inc.. | Sonic Automotive, Inc.- 100% - 100 shares | ||||
SAI S. Atlanta JLR, LLC | Member: SAI GA HC1, LLC - 100% | ||||
SAI SIC, Inc. | Sonic Automotive, Inc.- 100% - 100 shares | ||||
SAI Stone Mountain T, LLC | Member: SAI GA HC1, LLC 100% | ||||
SAI TN HC1, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||
SAI TN HC2, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||
SAI TN HC3, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||
SAI Tulsa N, LLC | Member: SAI OK HC1, Inc. 100% | ||||
SAI Tulsa T, LLC | Member: SAI OK HC1, Inc. 100% | ||||
SAI Tysons Corner H, LLC | Member: SAI VA HC1, Inc. 100% |
Name of Entity | Ownership | ||||
SAI Tysons Corner I, LLC | Member: SAI VA HC1, Inc. 100% | ||||
SAI VA HC1, Inc. | Sonic Automotive, Inc. - 100%, 100 shares | ||||
SAI Vehicle Subscription, Inc. | Sonic Automotive, Inc. - 100%, 100 shares | ||||
SAI VS GA, LLC | Member: SAI Vehicle Subscription, Inc. 100% | ||||
SAI VS TX, LLC | Member: SAI Vehicle Subscription, Inc. 100% | ||||
SAI West Houston B, LLC | Member: Sonic Momentum B, L.P. - 100% | ||||
Santa Clara Imported Cars, Inc. | L Dealership Group, LLC – 100%, 1,082 shares | ||||
Sonic–2185 Chapman Rd., Chattanooga, LLC | Member: Sonic Automotive of Nevada, Inc. – 100% | ||||
Sonic – Cadillac D, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Calabasas M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Calabasas V, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – Camp Ford, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||
Sonic – Carrollton V, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||
Sonic – Carson F, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – Denver T, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – Downey Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – Fort Mill Chrysler Jeep, Inc. | Sonic Automotive, Inc. – 100%, 1,000 shares | ||||
Sonic – Fort Mill Dodge, Inc. | Sonic Automotive, Inc. – 100%, 1,000 shares | ||||
Sonic – Fort Worth T, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic – Frank Parra Autoplex, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||
Sonic – Harbor City H, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – Houston V, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic - Integrity Dodge LV, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
Sonic – Lake Norman Chrysler Jeep, LLC | Member: Sonic Automotive, Inc. – 100% | ||||
Sonic - Las Vegas C West, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic – Lloyd Nissan, Inc. | Sonic Automotive, Inc. - 100% - 100 shares | ||||
Sonic – Lloyd Pontiac - Cadillac, Inc. | Sonic Automotive, Inc. - 100% - 100 shares | ||||
Sonic – Lone Tree Cadillac, Inc. | Sonic Automotive, Inc. - 100% - 100 shares | ||||
Sonic – LS Chevrolet, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic – LS, LLC | Member: Sonic of Texas, Inc. 100% | ||||
Sonic - Lute Riley, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic – Massey Cadillac, L.P | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||
Sonic – Massey Chevrolet, Inc. | Sonic Automotive, Inc. – 100%, 100 shares |
Name of Entity | Ownership | ||||
Sonic – Mesquite Hyundai, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||
Sonic - Newsome Chevrolet World, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic - Newsome of Florence, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – North Charleston Dodge, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – North Charleston, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic – Richardson F, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic – Sanford Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic - Shottenkirk, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic - Stevens Creek B, Inc. | L Dealership Group, LLC – 100%, 300,000 shares | ||||
Sonic – Williams Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Advantage PA, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Automotive – 1720 Mason Ave, DB, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Automotive – 1720 Mason Ave, DB, LLC | Member: Sonic Automotive – 1720 Mason Ave, DB, Inc. – 100% | ||||
Sonic Automotive – 2490 South Lee Highway, LLC | Member: Sonic Automotive of Nevada, Inc. – 100% | ||||
Sonic Automotive - 3401 N. Main, TX, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Automotive - 4701 I-10 East, TX, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Automotive – 6008 N. Dale Mabry, FL, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||
Sonic Automotive-9103 E. Independence, NC, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic Automotive 2424 Laurens Rd., Greenville, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||
Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | Sonic Automotive, Inc. 100%, 100 shares | ||||
Sonic Automotive Aviation, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic Automotive F&I, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic Automotive of Chattanooga, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||
Sonic Automotive of Nashville, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||
Sonic Automotive of Nevada, Inc. | Sonic Automotive, Inc. – 100%, 1,000 shares | ||||
Sonic Automotive of Texas, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Automotive Support, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic Automotive West, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic Automotive 1495 Automall Drive, Columbus, Inc. | Sonic Automotive, Inc. 100% - shares | ||||
Sonic Clear Lake N, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||
Sonic Development, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic Divisional Operations, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic eStore, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic FFC 1, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic FFC 2, Inc. | Sonic Automotive, Inc. – 100%, 100 shares |
Name of Entity | Ownership | ||||
Sonic FFC 3, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Fremont, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Houston JLR, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Houston LR, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Momentum B, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Momentum JVP, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic Momentum VWA, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic of Texas, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Resources, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Santa Monica M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Santa Monica S, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Walnut Creek M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic Wilshire Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic-Buena Park H, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic-Calabasas A, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic-Capitol Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic-Carson LM, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic-Capitol Imports, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
Sonic-Clear Lake Volkswagen, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic-Jersey Village Volkswagen, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
Sonic-Plymouth Cadillac, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||
Sonic-Volvo LV, LLC | Member: Sonic Automotive, Inc. 100% | ||||
Sonic-West Covina T, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||
SRE Alabama–2, LLC | Member: SRE Holding, LLC 100% | ||||
SRE Alabama-5, LLC | Member: SRE Holding, LLC 100% | ||||
SRE Alabama 6, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 1, LLC | Member: SRE Holding LLC 100% | ||||
SRE California–2, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 3, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 4, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 5, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 6, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 7 SCB, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 8, SCH, LLC | Member: SRE Holding LLC 100% | ||||
SRE California – 9 BHB, LLC | Member: SRE Holding LLC 100% | ||||
SRE California 10 LBB, LLC | Member: SRE Holding LLC 100% | ||||
SRE California 11 PH, LLC | Member: SRE Holding LLC 100% | ||||
SRE Colorado – 1, LLC | Member: SRE Holding LLC 100% | ||||
SRE Colorado – 2, LLC | Member: SRE Holding LLC 100% | ||||
SRE Colorado – 3, LLC | Member: SRE Holding LLC 100% |
Name of Entity | Ownership | ||||
SRE Colorado – 4 RF, LLC | Member: SRE Holding LLC 100% | ||||
SRE Colorado – 5 CC, LLC | Member: SRE Holding LLC 100% | ||||
SRE Florida – 1, LLC | Member: SRE Holding LLC 100% | ||||
SRE Florida – 2, LLC | Member: SRE Holding LLC 100% | ||||
SRE Georgia 4, LLC | Member: SRE Holding LLC 100% | ||||
SRE Georgia 5, LLC | Member: SRE Holding LLC 100% | ||||
SRE Georgia 6, LLC | Member: SRE Holding LLC 100% | ||||
SRE Holding, LLC | Member: Sonic Automotive, Inc. 100% | ||||
SRE Maryland – 1, LLC | Member: SRE Holding LLC 100% | ||||
SRE Nevada–2, LLC | Member: SRE Holding LLC 100% | ||||
SRE North Carolina – 2, LLC | Member: SRE Holding LLC 100% | ||||
SRE North Carolina – 3, LLC | Member: SRE Holding LLC 100% | ||||
SRE Ohio 1, LLC | Member: SRE Holding LLC 100% | ||||
SRE Ohio 2, LLC | Member: SRE Holding LLC 100% | ||||
SRE Oklahoma-1, LLC | Member: SRE Holding LLC 100% | ||||
SRE Oklahoma-2, LLC | Member: SRE Holding LLC 100% | ||||
SRE Oklahoma–5, LLC | Member: SRE Holding LLC 100% | ||||
SRE South Carolina–2, LLC | Member: SRE Holding LLC 100% | ||||
SRE South Carolina – 3, LLC | Member: SRE Holding LLC 100% | ||||
SRE South Carolina – 4, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee – 1, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee – 2, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee – 3, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee-4, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee-5, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee 6, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee 7, LLC | Member: SRE Holding LLC 100% | ||||
SRE Tennessee 8, LLC | Member: SRE Holding LLC 100% | ||||
SRE Texas – 1, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 2, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 3, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 4, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 5, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 6, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 7, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas – 8, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||
SRE Texas 9, LLC | Member: SRE Holdings LLC 100% | ||||
SRE Texas 10, LLC | Member: SRE Holdings LLC 100% | ||||
SRE Texas 11, LLC | Member: SRE Holdings LLC 100% | ||||
SRE Texas 12, LLC | Member: SRE Holdings LLC 100% | ||||
SRE Texas 13, LLC | Member: SRE Holding LLC 100% | ||||
SRE Texas 14, LLC | Member: SRE Holding LLC 100% | ||||
SRE Texas 15, LLC | Member: SRE Holding LLC 100% |
Name of Entity | Ownership | ||||
SRE Texas 16, LLC | Member: SRE Holding LLC 100% | ||||
SRE Texas 17, LLC | Member: SRE Holding LLC 100% | ||||
SRE Virginia – 1, LLC | Member: SRE Holdings LLC 100% | ||||
SRE Virginia – 2, LLC | Member: SRE Holding LLC 100% | ||||
SRM Assurance, Ltd. | Sonic Automotive, Inc. – 100%, 5,000 shares | ||||
Stevens Creek Cadillac, Inc. | L Dealership Group, LLC – 100%, 230,000 shares | ||||
Town and Country Ford, Incorporated | Sonic Automotive, Inc. – 100%, 471.25 shares | ||||
EchoPark Automotive, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||
TT Denver, LLC | Member: EchoPark Automotive, Inc. 100% | ||||
TTRE CO 1, LLC | Member: EchoPark Automotive, Inc. 100% | ||||
Windward, Inc. | L Dealership Group, LLC – 100%, 140,500 shares |
Name of Entity | Ownership | ||||
North Point Imports, LLC | Members: SAI Peachtree, LLC – 50% Chris Auto Group, LLC 50% |
I. Name | II. Collateral Locations | |||||||
1. | Sonic Automotive, Inc. | 4401 Colwick Rd. Charlotte, NC In addition to the locations listed below, books and records for all entities are located at 4401 Colwick Rd., Charlotte, NC. | ||||||
2. | EchoPark GA, LLC | 8805 Abercorn Street Savannah GA 31406 | ||||||
3. | AM Realty GA, LLC | |||||||
4. | AnTrev, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
5. | Arngar, Inc. | 10725 Pineville Rd. Pineville, NC | ||||||
6. | Autobahn, Inc. | 700 Island Pkwy. Belmont, CA Beneath Island Pkwy. north of Ralston Ave. Belmont, CA East of Island Pkwy. and north of Ralston Ave. Belmont, CA 500-510 Harbor Blvd. Belmont, CA 1315 Elmer St. Belmont, CA Elmer Street Lot Belmont, CA | ||||||
7. | EchoPark AZ, LLC | Not yet known | ||||||
8. | EchoPark CA, LLC | 2998 Cherry Avenue Signal Hill, CA 90755 | ||||||
9. | EchoPark Realty CA, LLC | N/A | ||||||
10. | EchoPark FL, LLC | 4636 N. Dale Mabry Hwy Tampa, FL 33614 | ||||||
11. | EchoPark NC, LLC | 13231 Statesville Road Huntersville, NC 28078 | ||||||
12. | EchoPark SC, LLC | 107 Duvall Drive Greenville, SC 29067 |
I. Name | II. Collateral Locations | |||||||
13. | EchoPark TX, LLC | |||||||
14. | EchoPark Realty TX, LLC | |||||||
15. | EP Realty NC, LLC | |||||||
16. | EP Realty SC, LLC | |||||||
17. | FAA Beverly Hills, Inc. | 5050 – 5070 Wilshire Blvd. Beverly Hills, CA 5151 Wilshire Blvd. Beverly Hills, CA 8833 Wilshire Blvd. Beverly Hills, CA 8850 Wilshire Blvd. Beverly Hills, CA 8844 Wilshire Blvd. Beverly Hills, CA NE Corner Citrus Ave. & Carling Way Beverly Hills, CA | ||||||
18. | FAA Concord H, Inc. | 1300 Concord Ave. Concord, CA 1461 Concord Ave. Concord, CA 2655 Stanwell Drive Concord, CA | ||||||
19. | FAA Concord T, Inc. | 1090 Concord Ave. Concord, CA Buchanan Field Airport, Area 7 West of Solano Way | ||||||
20. | FAA Holding LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
21 | FAA Las Vegas H, Inc. | 7615 W. Sahara Ave. Las Vegas, NV |
I. Name | II. Collateral Locations | |||||||
22. | FAA Poway H, Inc. | 13747 Poway Rd. Poway, CA 13875 Kirkham Way Poway, CA | ||||||
23. | FAA San Bruno, Inc. | 750 El Camino Real San Bruno, CA 222 E. San Bruno Ave. San Bruno, CA 732 El Camino Real San Bruno, CA 750 El Camino Real San Bruno, CA 650 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA 692 El Camino Real San Bruno, CA | ||||||
24. | FAA Serramonte H, Inc. | 485 Serramonte Blvd. Colma, CA | ||||||
25. | FAA Serramonte L, Inc. | 700 Serramonte Blvd. Colma, CA 513 Francisco Blvd. E. San Rafael, CA 535 Francisco Blvd. E. San Rafael, CA | ||||||
26. | FirstAmerica Automotive, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
27. | Fort Mill Ford, Inc. | 801 Gold Hill Rd. Fort Mill, SC | ||||||
28. | Franciscan Motors, Inc. | 465/475 Serramonte Blvd. Colma, CA | ||||||
29. | L Dealership Group, LLC | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
30. | Marcus David Corporation | 9900 South Blvd. Charlotte, NC 1300 Cressida Dr. Charlotte, NC 9101 South Blvd. Charlotte, NC | ||||||
31. | Ontario L, LLC | 1125 Kettering Dr. Ontario, CA | ||||||
32. | Philpott Motors, LLC | 1900 U.S. Hwy. 69 Nederland, TX 4605 Third St. Airport Beaumont, TX 1400 U.S. Hwy. 69 Nederland, TX 2727 Nall St. Port Neches, TX | ||||||
33. | SAI AL HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
34. | SAI AL HC2, Inc. | 1874 Grants Mill Rd. Irondale, AL | ||||||
35. | SAI Atlanta B, LLC | 500 Interstate North Pkwy. SE Atlanta, GA 2100-2120 Powers Ferry Rd Atlanta, GA 5925 Peachtree Industrial Blvd. Atlanta, GA | ||||||
36. | SAI Chattanooga N, LLC | 2121 Chapman Road Chattanooga TN 37421 | ||||||
37. | SAI Chamblee V, LLC | 5260 Peacthree Industrial Blvd., Chamblee, GA | ||||||
38. | SAI Clearwater T, LLC | 21799 U.S. Hwy. 19 N. Clearwater, FL |
I. Name | II. Collateral Locations | |||||||
39. | SAI Columbus T, LLC | 1500 Auto Mall Dr. Columbus, OH | ||||||
40. | SAI Denver B, Inc. | 900 S. Colorado Blvd. Denver, CO 2201 S. Wabash St. Denver, CO 4300 E. Kentucky Ave. Denver, CO 7750 E. Cherry Creek South Dr. Denver, CO 4677 S. Broadway Denver, CO 4651 S. Broadway Denver, CO | ||||||
41. | SAI Denver M, Inc. | 4300 E. Kentucky Ave. 4677 S. Broadway 940 S. Colorado Blvd. 4677 S. Broadway | ||||||
42. | SAI DS, LLC | 13615 N. Central Expressway Dallas, TX 75243 | ||||||
43. | SAI DS Realty TX, LLC | 13615 N. Central Expressway Dallas, TX 75243 | ||||||
44. | SAI Fairfax B, LLC | 8427 Lee Hwy. Fairfax, VA 2730 Dorr Avenue Fairfax, VA 2805 Old Lee Hwy. Fairfax, VA 8431 Lee Hwy. Fairfax, VA 8111 Gatehouse Rd. Falls Church, VA 8504 Lee Hwy. Fairfax, VA | ||||||
45. | SAI FL HC2, Inc. | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
46. | SAI FL HC3, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
47. | SAI FL HC4, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
48. | SAI FL HC7, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
49. | SAI Fort Myers B, LLC | 15421 S. Tamiami Tr. Fort Myers, FL 13880 S. Tamiami Tr. Fort Myers, FL | ||||||
50. | SAI Fort Myers M, LLC | 15461 S. Tamiami Tr. Fort Myers, FL | ||||||
51. | SAI Fort Myers VW, LLC | 14060 S. Tamiami Tr. Fort Myers, FL | ||||||
52. | SAI GA HC1, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
53. | SAI Irondale Imports, LLC | 1000 Tom Williams Way Irondale, AL 3001 Tom Williams Way Irondale, AL 3000 Tom Williams Way Irondale, AL 2001 Tom Williams Way Irondale, AL 1001 Tom Williams Way Irondale, AL 1314 Grants Mill Way Irondale, AL | ||||||
54. | SAI Irondale L, LLC | 1001 Tom Williams Way Irondale, AL | ||||||
55. | SAI Long Beach B, Inc. | 2998 Cherry Ave. Signal Hill, CA 90755 1660 E. Spring Street Signal Hill, CA 90756 | ||||||
56. | SAI McKinney M, LLC | 2080 North Central Expressway McKinney, TX 75069 | ||||||
57. | SAI MD HC1, Inc. | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
58. | SAI Monrovia B, Inc. | 1425-1451 South Mountain Ave. Monrovia, CA 550 E. Huntington Drive Monrovia, CA | ||||||
59. | SAI Montgomery B, LLC | 731 Eastern Blvd. Montgomery, AL | ||||||
60. | SAI Montgomery BCH, LLC | 833 Eastern Blvd. Montgomery, AL | ||||||
61. | SAI Montgomery CH, LLC | 711 Eastern Blvd. Montgomery, AL 2820 Eastern Blvd. Montgomery, AL | ||||||
62. | SAI Nashville CSH, LLC | 2121 Rosa L. Parks Blvd. Nashville, TN | ||||||
63. | SAI Nashville H, LLC | 2215 Rosa L. Parks Blvd. Nashville, TN | ||||||
64. | SAI Nashville M, LLC | 630 Bakers Bridge Ave. Franklin, TN | ||||||
65. | SAI Nashville Motors, LLC | 1576 Mallory Lane Brentwood, TN 1580 Mallory Lane Brentwood, TN | ||||||
66. | SAI OK HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
67. | SAI Orlando CS, LLC | 4241 N. John Young Pkwy. Orlando, FL 8819 S. Orange Blossom Tr. Orlando, FL 1851 Landstreet Rd. Orlando, FL | ||||||
68. | SAI Peachtree, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
69. | SAI Pensacola A, LLC | 6303 Pensacola Blvd. Penscaola FL | ||||||
70. | SAI Philpott T, LLC | 2229 Highway 69 Nederland TX 77627 | ||||||
71. | SAI Rockville Imports, LLC | 1125 Rockville Pike Rockville, MD 1542 & 1550 Rockville Pike Rockville, MD 1190 Rockville Pike Rockville, MD |
I. Name | II. Collateral Locations | |||||||
72. | SAI Roaring Fork LR, Inc. | 52876 Two Rivers Plaza Road Glenwood Springs CO | ||||||
73. | SAI Rockville L, LLC | 15501 & 15515 Frederick Rd. Rockville, MD 15814-A and B Paramount Dr. Rockville, MD | ||||||
74. | SAI Stone Mountain T, LLC | 4400 Stone Mountain Hwy Stone Mountain, GA | ||||||
75. | SAI S. Atlanta JLR, LLC | 3900 Jonesboro Rd. Union City GA 30291 | ||||||
76. | SAI TN HC1, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
77. | SAI TN HC2, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
78. | SAI TN HC3, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
79. | SAI VA HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
80. | SAI West Houston B, LLC | 20822 Katy Freeway Katy TX | ||||||
81. | Santa Clara Imported Cars, Inc. | 4590 Stevens Creek Blvd. San Jose, CA 1507 South 10th St. San Jose, CA | ||||||
82. | Sonic – 2185 Chapman Rd., Chattanooga, LLC | 2135 Chapman Rd. Chattanooga, TN | ||||||
83. | Sonic Advantage PA, LLC | 11890 Katy Fwy. Houston, TX 11850 Katy Fwy., Houston, TX 15865 Katy Fwy. Houston, TX | ||||||
84. | Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | 2750 Laurens Rd. Greenville, SC 17 Duvall and 2758 Laurens Rd. Greenville, SC 2930-2934 Laurens Rd. Greenville, SC | ||||||
85. | Sonic Automotive – 3401 N. Main, TX, LLC | 4114 Hwy. 10 E. Baytown, TX | ||||||
86. | Sonic Automotive – 4701 I-10 East, TX, LLC | 4110 Hwy. 10 E. Baytown, TX |
I. Name | II. Collateral Locations | |||||||
87. | Sonic Automotive – 9103 E. Independence, NC, LLC | 9103 E. Independence Blvd. Matthews, NC 9009 E. Independence Blvd. Matthews, NC | ||||||
88. | Sonic Automotive Aviation, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
89. | Sonic Automotive F&I, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
90. | Sonic Automotive of Chattanooga, LLC | 6806 E. Brainerd Rd. Chattanooga, TN | ||||||
91. | Sonic Automotive of Nashville, LLC | 4040 Armory Oaks Dr. Nashville, TN 4010 Armory Oaks Dr. Nashville, TN 1572 Mallory Lane Brentwood, TN 37027 | ||||||
92. | Sonic Automotive of Nevada, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
93. | Sonic Automotive of Texas, LLC | 8477 North Fwy. Houston, TX | ||||||
94. | Sonic Automotive Support, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
95. | Sonic Automotive West, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
96. | Sonic-Buena Park H, Inc. | 7697 Beach Blvd. Buena Park, CA 6411 Beach Blvd. Buena Park, CA 6841 Western Avenue Buena Park, CA 6291 Auto Center Drive Buena Park, CA | ||||||
97. | Sonic – Integrity Dodge LV, LLC | N/A | ||||||
98. | Sonic Calabasas M, Inc. | 24181 Calabasas Rd. Calabasas, CA 91302 Parking lot north of and abutting above address containing 20,036 square feet, more or less 21800 Oxnard Street Woodland Hills, CA |
I. Name | II. Collateral Locations | |||||||
99. | Sonic-Clear Lake Volkswagen, LLC | 15100 Gulf Fwy. Houston, TX | ||||||
100. | Sonic – Denver T, Inc. | 201 W. 70th Ave. Denver, CO | ||||||
101. | Sonic Development, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
102. | Sonic Divisional Operations, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
103. | Sonic - Fort Worth T, LLC | 9001 Camp Bowie W. Fort Worth, TX 8901 US Hwy 80 West Fort Worth, TX | ||||||
104. | Sonic - Harbor City H, Inc. | 1435 E. 223rd St. Carson, CA | ||||||
105. | Sonic Houston JLR, LLC | 18205 Interstate 45 N Houston, TX | ||||||
106. | Sonic Houston LR, LLC | 7019 Old Katy Rd. Houston, TX 7025 Old Katy Rd. Houston, TX | ||||||
107. | Sonic - Houston V, LLC | 11950 Old Katy Rd. Houston, TX 1321 Sherwood Forest Dr. Houston, TX | ||||||
108. | Sonic-Jersey Village Volkswagen, LLC | 19550 Northwest Fwy. Houston, TX 11411 FM 1960 Road West Houston, TX | ||||||
109. | Sonic - Las Vegas C West, LLC | 5185 W. Sahara Ave. Las Vegas, NV | ||||||
110. | Sonic - LS Chevrolet, LLC | 18800 & 18900 North Fwy. and 9110 N. Eldridge Parkway, Houston, TX 18990 Northwest Fwy. Houston, TX | ||||||
111. | Sonic - LS, LLC | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
112. | Sonic - Lute Riley, LLC | 1331 N. Central Expy. Richardson, TX 13561 Goldmark Dr. Richardson, TX 331 Melrose Drive Richardson, TX 816 S. Sherman Street Richardson, TX 820 S. Sherman Street Richardson, TX | ||||||
113. | Sonic Momentum B, LLC | 10000 Southwest Fwy. Houston, TX 10002 Southwest Fwy. Houston, TX 9911 Centre Pkwy. Houston, TX 15865 Katy Fwy. Houston, TX 11777 Katy Fwy. Houston, TX | ||||||
114. | Sonic Momentum JVP, LLC | 10150 Southwest Fwy. Houston, TX 10155 Southwest Fwy. Houston, TX |
I. Name | II. Collateral Locations | |||||||
115. | Sonic Momentum VWA, LLC | 2405 Richmond Ave. Houston, TX 2309 Richmond Ave. Houston, TX 3717-3725 Revere St. Houston, TX 2401 Portsmouth Houston, TX 2211 Norfolk Street Houston, TX 2120 Southwest Fwy. Houston, TX 3131 Richmond Ave., Houston, TX 3120 Southwest Freeway, Houston, TX 3847 Farnham St, Houston, TX 2211 Norfolk St, Houston, TX | ||||||
116. | Sonic of Texas, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
117. | Sonic Resources, Inc. | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
118. | Sonic - Richardson F, LLC | 1819 N. Central Expy. Richardson, TX |
I. Name | II. Collateral Locations | |||||||
119. | Sonic Santa Monica M, Inc. | 1626 Wilshire Blvd. Santa Monica, CA 1330 Colorado Ave. Santa Monica, CA 1215 – 17th St. Santa Monica, CA 1415 Euclid & 1308 Santa Monica Blvd. Santa Monica, CA 11766 Wilshire Blvd. Santa Monica, CA 1301 Santa Monica Blvd. Santa Monica, CA 1337 Euclid Street Santa Monica, CA | ||||||
120 | Sonic - Shottenkirk, Inc. | 5600 Pensacola Blvd. Pensacola, FL | ||||||
121. | Sonic - Stevens Creek B, Inc. | 4343 Stevens Creek Blvd. San Jose, CA 4333 Stevens Creek Blvd. San Jose, CA | ||||||
122. | Sonic Walnut Creek M, Inc. | 1301 Parkside Dr. Walnut Creek, CA 1360 Pine St. Walnut Creek, CA 1300 Pine St. Walnut Creek, CA 2650 Cloverdale Avenue Concord, CA 2198 N. Main Street Walnut Creek, CA | ||||||
123. | SRE Alabama - 2, LLC | N/A | ||||||
124. | SRE Alabama-5, LLC | N/A | ||||||
125. | SRE California - 1, LLC | N/A | ||||||
126. | SRE California – 2, LLC | N/A | ||||||
127. | SRE California – 3, LLC | N/A | ||||||
128. | SRE California – 5, LLC | N/A |
I. Name | II. Collateral Locations | |||||||
129. | SRE California – 6, LLC | N/A | ||||||
130. | SRE California -7 SCB, LLC | N/A | ||||||
131. | SRE California – 8 SCH, LLC | N/A | ||||||
132. | SRE California – 9 BHB, LLC | N/A | ||||||
133. | SRE California 10 LBB, LLC | N/A | ||||||
134. | SRE Colorado - 1, LLC | N/A | ||||||
135. | SRE Colorado – 2, LLC | N/A | ||||||
136. | SRE Colorado – 3, LLC | N/A | ||||||
137. | SRE Colorado – 4 RF, LLC | N/A | ||||||
138. | SRE Colorado – 5 CC, LLC | N/A | ||||||
139. | SRE Florida - 1, LLC | N/A | ||||||
140. | SRE Georgia – 4, LLC | N/A | ||||||
141. | SRE Holding, LLC | N/A | ||||||
142. | SRE Maryland – 1, LLC | N/A | ||||||
143. | SRE Nevada – 2, LLC | N/A | ||||||
144. | SRE North Carolina – 2, LLC | N/A | ||||||
145. | SRE North Carolina – 3, LLC | N/A | ||||||
146. | SRE Ohio 1, LLC | N/A | ||||||
147. | SRE Ohio 2, LLC | N/A | ||||||
148. | SRE Oklahoma -2, LLC | N/A | ||||||
149. | SRE South Carolina – 2, LLC | N/A | ||||||
150. | SRE South Carolina-3, LLC | N/A | ||||||
151. | SRE South Carolina – 4, LLC | N/A | ||||||
152. | SRE Tennessee – 1, LLC | N/A | ||||||
153. | SRE Tennessee – 2, LLC | N/A | ||||||
154. | SRE Tennessee – 3, LLC | N/A | ||||||
155. | SRE Tennessee-4, LLC | N/A | ||||||
156. | SRE Tennessee – 5, LLC | N/A | ||||||
157. | SRE Tennessee – 6, LLC | N/A | ||||||
158. | SRE Tennessee 7, LLC | 6001 Lee Highway, Chattanooga, TN 37421 | ||||||
159. | SRE Texas – 1, LLC | N/A | ||||||
160. | SRE Texas – 2, LLC | N/A | ||||||
161. | SRE Texas – 3, LLC | N/A | ||||||
162. | SRE Texas – 4, LLC | N/A | ||||||
163. | SRE Texas – 5, LLC | N/A | ||||||
164. | SRE Texas – 6, LLC | N/A | ||||||
165. | SRE Texas – 7, LLC | N/A | ||||||
166. | SRE Texas – 8, LLC | N/A |
I. Name | II. Collateral Locations | |||||||
167. | SRE Texas 9, LLC | N/A | ||||||
168. | SRE Texas 10, LLC | N/A | ||||||
169. | SRE Texas 11, LLC | N/A | ||||||
170. | SRE Texas 12, LLC | N/A | ||||||
171. | SRE Texas 13, LLC | N/A | ||||||
172. | SRE Texas 14, LLC | N/A | ||||||
173. | SRE Texas 15, LLC | N/A | ||||||
174. | SRE Virginia – 1, LLC | N/A | ||||||
175. | SRE Virginia – 2, LLC | N/A | ||||||
176. | Town and Country Ford, Incorporated | 5401 E. Independence Blvd. Charlotte, NC | ||||||
177. | EchoPark Automotive, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
178. | TT Denver, LLC | 500 E. 104th Ave Thornton, CO 10330 Grant Ave Thornton, CO 80229 10401 E. Arapahoe Rd Centennial, CO 1500 E. County Line Rd Highlands Ranch, CO 13412 West Coal Mine Ave. Littleton, CO 80127 9575 E. 40th Ave. Denver, CO 80230 | ||||||
179. | TTRE CO 1, LLC | N/A | ||||||
180. | Windward, Inc. | 24895 Mission Blvd. Hayward, CA 24947-24975 Mission Blvd. Hayward, CA 24919 Mission Blvd. Hayward, CA 900 Fletcher Ln. Hayward, CA 24933 Mission Blvd. Hayward, CA |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark GA, LLC Georgia Limited Liability Company 16063806 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | AM Realty, LLC Georgia Limited Liability Company 16063850 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark NC, LLC North Carolina Limited Liability Company 1436923 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark SC, LLC South Carolina Limited Liability Company | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark TX, LLC Texas Limited Liability Company 802448793 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark Realty TX, LLC Texas Limited Liability Company 802302813 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EP Realty NC, LLC North Carolina Limited Liability Company 1436919 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EP Realty SC, LLC South Carolina Limited Liability Company | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
FAA Holding LLC | L Dealership Group, LLC Texas Limited Liability Company 0803708626 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
FirstAmerica Automotive, LLC | FAA Holding LLC California Limited Liability Company 202022510001 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
L Dealership Group, LLC | Autobahn, Inc. California Corporation C1548941 | Common Stock | 1,000,000 | 400,000 | 400,000 | 2 | N/A | |||||||||||||||||||
SAI AL HC1, Inc. | SAI Montgomery CH, LLC Alabama Limited Liability Company 428-747 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI AL HC1, Inc. | SAI Montgomery BCH, LLC Alabama Limited Liability Company 428-745 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI FL HC3, Inc. | SAI Orlando CS, LLC Florida Limited Liability Company L08000116711 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SAI FL HC4, Inc. | SAI Fort Myers VW, LLC Florida Limited Liability Company L08000116709 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI FL HC7, Inc. | SAI Fort Myers M, LLC Florida Limited Liability Company L98000002089 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI GA HC1, LLC | SAI Peachtree, LLC Georgia Limited Liability Company 4746288 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI GA HC1, LLC | SAI S. Atlanta JLR, LLC Georgia Limited Liability Company 16070312 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SAI MD HC1, Inc. | SAI Rockville Imports, LLC Maryland Limited Liability Company W12796074 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI Peachtree, LLC | SAI Chamblee V, LLC Georgia Limited Liability Company 1038946 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI TN HC1, LLC | SAI Nashville CSH, LLC Tennessee Limited Liability Company 0336183 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI TN HC1, LLC | SAI Nashville M, LLC Tennessee Limited Liability Company 0336182 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI TN HC2, LLC | SAI Nashville Motors, LLC Tennessee Limited Liability Company 0566970 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive, Inc. | Arngar, Inc. North Carolina Corporation 0005612 | Common Stock | 100,000 | 1,333 | 1,333 | 14 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Fort Mill Ford, Inc. South Carolina Corporation | Common Stock | 10,000 | 2,700 | 2,700 | 13 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | SAI Roaring Fork LR, Inc. Colorado Corporation 2014156978 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | SAI AL HC1, Inc. Alabama Corporation D/C 206-272 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | SAI Denver M, Inc. Colorado Corporation 20131291339 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | SAI FL HC3, Inc. Florida Corporation P98000064012 | Common Stock | 1,000 | 100 | 100 | 2 | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive, Inc. | SAI FL HC4, Inc. Florida Corporation P98000064009 | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | SAI FL HC7, Inc. Florida Corporation F86660 | Common Stock | 500 | 500 | 500 | 22 | $1.00 | |||||||||||||||||||
Sonic Automotive, Inc. Sonic Automotive of Nevada, Inc. | SAI OK HC1, Inc. Oklahoma Corporation 1900632183 | Common Stock Common Stock | 1,000 | 400 | 100 300 | 2 5 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Automotive Aviation, LLC North Carolina Limited Liability Company 1320781 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Automotive F&I, LLC Nevada Limited Liability Company LLC8620-1999 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive, Inc. | Sonic Automotive Support, LLC Nevada Limited Liability Company LLC19412-2003 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Automotive West, LLC Nevada Limited Liability Company LLC9139-1999 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Calabasas M, Inc. California Corporation C2975101 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Development, LLC North Carolina Limited Liability Company 0483658 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Divisional Operations, LLC Nevada Limited Liability Company LLC26157-2004 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive, Inc. | Sonic - Las Vegas C West, LLC Nevada Limited Liability Company LLC7434-2000 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic of Texas, Inc. Texas Corporation 150782300 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Resources, Inc. Nevada Corporation C24652-2001 | Common Stock | 1,000 | 100 | 100 | 2 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Santa Monica M, Inc. California Corporation C2727452 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Sonic Walnut Creek M, Inc. California Corporation C2508517 | Common Stock | 1,000 | 100 | 100 | 2 | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive, Inc. | SRE Holding, LLC North Carolina Limited Liability Company 0551475 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | EchoPark Automotive, Inc. Delaware Corporation 5387434 | Common Stock | 1,000 | 100 | 100 | 1 | N/A | |||||||||||||||||||
Sonic Automotive, Inc. | Town and Country Ford, Incorporated North Carolina Corporation 0148959 | Common Stock | 2,000 | 471.25 | 471.25 | 75 | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SAI TN HC1, LLC Tennessee Limited Liability Company 0336184 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SAI TN HC2, LLC Tennessee Limited Liability Company 0336185 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SAI TN HC3, LLC Tennessee Limited Liability Company 0336184 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic – LS Chevrolet, LLC Texas Limited Liability Company 0803707733 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Advantage PA, LLC Texas Limited Liability Company 0803707771 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Automotive of Texas, LLC Texas Limited Liability Company 0803712331 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Automotive - 3401 N. Main, TX, LLC Texas Limited Liability Company 0803707776 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Automotive - 4701 I-10 East, TX, LLC Texas Limited Liability Company 0803712341 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic–Clear Lake Volkswagen, LLC Texas Limited Liability Company 0803712287 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Houston JLR, LLC Texas Limited Liability Company 0803707781 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Houston LR, LLC Texas Limited Liability Company 0803707788 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic – Houston V, LLC Texas Limited Liability Company 0803712226 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic–Jersey Village Volkswagen, LLC Texas Limited Liability Company 0803712317 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic of Texas, Inc. | Sonic – LS, LLC Delaware Limited Liability Company 3440418 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Momentum JVP, LLC Texas Limited Liability Company 0803707794 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Momentum VWA, LLC Texas Limited Liability Company 0803707807 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic – Richardson F, LLC Texas Limited Liability Company 0803712249 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas-1, LLC Texas Limited Liability Company 0803712346 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas-2, LLC Texas Limited Liability Company 0803712368 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas-3, LLC Texas Limited Liability Company 0803712408 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas-4, LLC Texas Limited Liability Company 0803712412 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas – 5, LLC Texas Limited Liability Company 0803712417 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas-6, LLC Texas Limited Liability Company 0803712425 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas – 7, LLC Texas Limited Liability Company 0803712430 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
Sonic Automotive of Nevada, Inc. | SRE Texas-8, LLC Texas Limited Liability Company 0803712434 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | AnTrev, LLC North Carolina Limited Liability Company 0659676 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Alabama – 2, LLC Alabama Limited Liability Company 670-275 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Alabama-5, LLC Alabama Limited Liability Company DLL691-622 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California – 1, LLC California Limited Liability Company 200202910110 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California-2, LLC California Limited Liability Company 200202910111 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE California - 3, LLC California Limited Liability Company 200202810141 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California - 5, LLC California Limited Liability Company 200203110006 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California - 6, LLC California Limited Liability Company 200203110007 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California – 7 SCB, LLC California Limited Liability Company 201033410181 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California – 8 SCH, LLC California Limited Liability Company 201033510021 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE California – 9 BHB, LLC California Limited Liability Company 201126410082 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE California 10 LBB, LLC California Limited Liability Company 201413910313 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Colorado – 1, LLC Colorado Limited Liability Company 20021330518 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Colorado – 2, LLC Colorado Limited Liability Company 20021330523 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Colorado – 3, LLC Colorado Limited Liability Company 20021330530 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Colorado – 4, LLC Colorado Limited Liability Company 20141516951 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Colorado – 5, LLC Colorado Limited Liability Company 201415486855 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Georgia 4, LLC Georgia Limited Liability Company 4219711 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Florida-1, LLC Florida Limited Liability Company L00000006050 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Maryland-1, LLC Maryland Limited Liability Company 200162227 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Nevada-2, LLC Nevada Limited Liability Company LLC5021-2000 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE North Carolina-2, LLC North Carolina Limited Liability Company 0682830 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE North Carolina-3, LLC North Carolina Limited Liability Company 0682833 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Ohio 1, LLC Ohio Limited Liability Company 2146293 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Ohio 2, LLC Ohio Limited Liability Company 2146292 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Oklahoma – 2, LLC Oklahoma Limited Liability Company 3500697105 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE South Carolina – 2, LLC South Carolina Limited Liability Company | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE South Carolina-3, LLC South Carolina Limited Liability Company | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE South Carolina – 4, LLC South Carolina Limited Liability Company | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Tennessee - 1, LLC Tennessee Limited Liability Company 000390360 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Tennessee - 2, LLC Tennessee Limited Liability Company 000390358 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Tennessee - 3, LLC Tennessee Limited Liability Company 000390359 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Tennessee-4, LLC Tennessee Limited Liability Company 000450279 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Tennessee-5, LLC Tennessee Limited Liability Company 000450278 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Tennessee-6, LLC Tennessee Limited Liability Company 000797947 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Tennessee 7, LLC Tennessee Limited Liability Company 000959852 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Virginia - 1, LLC Virginia Limited Liability Company 5050246-0 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Virginia - 2, LLC Virginia Limited Liability Company S1012154 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Texas 9, LLC Texas Limited Liability Company 801419276 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Texas 10, LLC Texas Limited Liability Company 801675082 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Texas 11, LLC Texas Limited Liability Company 801723757 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Texas 12, LLC Texas Limited Liability Company 801807250 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Texas 13, LLC Texas Limited Liability Company 13-802180003 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SRE Holding, LLC | SRE Texas 14, LLC Texas Limited Liability Company 14-802402987 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
SRE Holding, LLC | SRE Texas 15, LLC Texas Limited Liability Company 15-802570108 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | TT Denver, LLC Colorado Limited Liability Company 20131462193 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | TTRE CO 1, LLC Colorado Limited Liability Company 20131504490 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark AZ, LLC Arizona Limited Liability Company 23032012 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark CA, LLC California Limited Liability Company 201923110260 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark Realty CA, LLC California Limited Liability Company 201923910263 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
EchoPark Automotive, Inc. | EchoPark FL, LLC Florida Limited Liability Company L16000126299 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI FL HC2, Inc. | SAI Pensacola A, LLC Florida Limited Liability Company L15000038068 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A | |||||||||||||||||||
SAI DS, LLC | SAI DS Realty TX, LLC Texas Limited Liability Company 802797035 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name of Pledgor | Name, Jurisdiction of Formation and Type of Entity of Pledged Subsidiary | Class or Type of Pledged Interest | Total Amount of Class or Type of Pledged Interests Authorized | Total Amount of Class or Type Outstanding | Total Amount Pledged | Certificate Number (if applicable) | Par Value (if applicable) | Name of Transfer Agent (if any) | ||||||||||||||||||
Sonic Automotive, Inc. | SAI DS, LLC Texas Limited Liability Company 802514325 | LLC Interest | N/A | 100.00% | 100.00% | N/A | N/A |
Name and Address of Pledgor | Type of Person | Jurisdiction of Formation of Pledgor | Jurisdiction of Formation Identification Number | ||||||||
EchoPark Automotive, Inc. 4401 Colwick Rd. Charlotte, NC 28211 | Corporation | Delaware | 5387434 | ||||||||
FAA Holding LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | California | 202022510001 | ||||||||
FirstAmerica Automotive, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Delaware | 2761294 | ||||||||
L Dealership Group, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Texas | 0803708626 | ||||||||
SAI AL HC1, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Alabama | 206-272 | ||||||||
SAI DS, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Texas | 802514325 | ||||||||
SAI FL HC2, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Florida | P98000016038 | ||||||||
SAI FL HC3, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Florida | P98000064012 | ||||||||
SAI FL HC4, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Florida | P98000064009 | ||||||||
SAI FL HC7, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Florida | F86660 | ||||||||
SAI GA HC1, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Georgia | 4705444 |
Name and Address of Pledgor | Type of Person | Jurisdiction of Formation of Pledgor | Jurisdiction of Formation Identification Number | ||||||||
SAI MD HC1, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Maryland | D05310776 | ||||||||
SAI Peachtree, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Georgia | 4746288 | ||||||||
SAI TN HC1, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Tennessee | 0336184 | ||||||||
SAI TN HC2, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | Tennessee | 0336185 | ||||||||
Sonic Automotive, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Delaware | 2714319 | ||||||||
Sonic Automotive of Nevada, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Nevada | C18014-1997 | ||||||||
Sonic of Texas, Inc. 4401 Colwick Road Charlotte, NC 28211 | Corporation | Texas | 150782300 | ||||||||
SRE Holding, LLC 4401 Colwick Road Charlotte, NC 28211 | Limited Liability Company | North Carolina | 0551475 |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
FAA Holding LLC | FAA Las Vegas H, Inc. Nevada Corporation C13186-1999 | Common Stock | 10,000 | 2 | |||||||||||||
FirstAmerica Automotive, LLC | FAA Beverly Hills, Inc. California Corporation C2069519 | Common Stock | 10,000 | 2 | |||||||||||||
FirstAmerica Automotive, LLC | FAA Concord H, Inc. California Corporation C2004304 | Common Stock | 10,000 | 2 | |||||||||||||
FirstAmerica Automotive, LLC | FAA Concord T, Inc. California Corporation C0613543 | Common Stock | 1,000 | 5 | |||||||||||||
FirstAmerica Automotive, LLC | FAA Poway H, Inc. California Corporation C2006230 | Common Stock | 10,000 | 2 |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
FirstAmerica Automotive, LLC | FAA San Bruno, Inc. California Corporation C2004303 | Common Stock | 10,000 | 2 | |||||||||||||
FirstAmerica Automotive, LLC | FAA Serramonte H, Inc. California Corporation C2069465 | Common Stock | 10,000 | 2 | |||||||||||||
FirstAmerica Automotive, LLC | FAA Serramonte L, Inc. California Corporation C2004222 | Common Stock | 10,000 | 2 | |||||||||||||
L Dealership Group, LLC | Franciscan Motors, Inc. California Corporation C1532758 | Common Stock | 700,000 | 10 | |||||||||||||
L Dealership Group, LLC | Santa Clara Imported Cars, Inc. California Corporation C0587296 | Common Stock | 1,082 | 10 | |||||||||||||
L Dealership Group, LLC | Sonic - Stevens Creek B, Inc. California Corporation C0723787 | Common Stock | 300,000 | 10 |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
L Dealership Group, LLC | Windward, Inc. Hawaii Corporation 41788D1FPD | Common Stock | 140,500 | 10 | |||||||||||||
SAI AL HC1, Inc. | SAI Montgomery B, LLC Alabama Limited Liability Company 428-746 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI AL HC2, Inc. | SAI Irondale Imports, LLC Alabama Limited Liability Company 428-744 | Common Stock | 100.00% | N/A | |||||||||||||
SAI AL HC2, Inc. | SAI Irondale L, LLC Alabama Limited Liability Company 662-073 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI GA HC1, Inc. | SAI Stone Mountain T, LLC Georgia Limited Liability Company 4746287 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI FL HC2, Inc. | SAI Clearwater T, LLC Florida Limited Liability Company L08000116713 | LLC Interest | 100.00% | N/A |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
SAI FL HC2, Inc. | SAI Fort Myers B, LLC Florida Limited Liability Company L08000116712 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI MD HC1, Inc. | SAI Rockville L, LLC Maryland Limited Liability Company W12791083 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI OK HC1, Inc. | SAI Atlanta B, LLC Georgia Limited Liability Company 08083814 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI TN HC1, LLC | SAI Chattanooga N, LLC Tennessee Limited Liability Company 000767923 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI TN HC3, LLC | SAI Nashville H, LLC Tennessee Limited Liability Company 0336180 | LLC Interest | 100.00% | N/A | |||||||||||||
SAI HC VA1, Inc. | SAI Fairfax B, LLC Virginia Limited Liability Company S4346344 | LLC Interest | 100.00% | N/A |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
Sonic Automotive, Inc. | FirstAmerica Automotive, LLC Delaware Limited Liability Company 2761294 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive, Inc. | Sonic – Integrity Dodge LV, LLC Nevada Limited Liability Company LLC4879-1999 | LLC Interest | 100% | N/A | |||||||||||||
Sonic Automotive, Inc. | Marcus David Corporation North Carolina Corporation 0272880 | Common Stock | 579,000 | 8 | |||||||||||||
Sonic Automotive, Inc. | Ontario L, LLC California Limited Liability Company 200330110050 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive, Inc. | SAI AL HC2, Inc. Alabama Corporation D/C 199-217 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | SAI Columbus T, LLC Ohio Limited Liability Company CP13128 | LLC Interest | 100.00% | N/A |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
Sonic Automotive, Inc. | SAI Denver B, Inc. Colorado Corporation 20131294528 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | SAI FL HC2, Inc. Florida Corporation P98000016038 | Common Stock | 100 | 2 | |||||||||||||
Sonic Automotive, Inc. | SAI Long Beach B, Inc. California Corporation C2998588 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | SAI McKinney M, LLC Texas Limited Liability Company 802180025 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive, Inc. | SAI MD HC1, Inc. Maryland Corporation D05310776 | Common Stock | 100 | 2 | |||||||||||||
Sonic Automotive, Inc. | SAI Monrovia B, Inc. California Corporation C2979304 | Common Stock | 100 | 1 |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
Sonic Automotive, Inc. | SA SAI Philpott T, LLC Texas Limited Liability Company 802278062 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive, Inc. | SAI VA HC1, Inc. Virginia Corporation 07019870 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | Sonic Automotive of Nevada, Inc. Nevada Corporation C18014-1997 | Common Stock | 1,000 | 1 | |||||||||||||
Sonic Automotive, Inc. | Sonic Automotive 2752 Laurens Rd., Greenville, Inc. South Carolina Corporation | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | Sonic Automotive - 9103 E. Independence, NC, LLC North Carolina Limited Liability Company 0470751 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive, Inc. | Sonic–Buena Park H, Inc. California Corporation C2356456 | Common Stock | 100 | 1 |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
Sonic Automotive, Inc. | Sonic – Denver T, Inc. Colorado Corporation 20021350687 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | Sonic – Harbor City H, Inc. California Corporation C2356454 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive, Inc. | Sonic - Shottenkirk, Inc. Florida Corporation P99000043291 | Common Stock | 100 | 1 | |||||||||||||
Sonic Automotive of Nevada, Inc. | SAI GA HC1, LLC Georgia Limited Liability Company 4705444 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive of Nevada, Inc. Sonic Automotive of Nevada, Inc. | Sonic Automotive of Chattanooga, LLC Tennessee Limited Liability Company 0336188 | LLC Interest (Class A Units) LLC Interest (Class B Units) | 1 4 99 | N/A | |||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Automotive of Nashville, LLC Tennessee Limited Liability Company 0336186 | LLC Interest | 100.00% | N/A |
GRANTOR | ESCROW SUBSIDIARIES | TYPE OF SHARES | NO. OF SHARES | CERT. NO.(S) | |||||||||||||
Sonic Automotive of Nevada, Inc. Sonic Automotive of Nevada, Inc. | Sonic – 2185 Chapman Rd., Chattanooga, LLC Tennessee Limited Liability Company 0366281 | LLC Interest (Class A Units) LLC Interest (Class B Units) | 1 99 | N/A | |||||||||||||
Sonic Automotive of Nevada, Inc. | Philpott Motors, LLC Texas Limited Liability Company 0803707706 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Momentum B, LLC | SAI West Houston B, LLC Texas Limited Liability Company 802152114 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic – Fort Worth T, LLC Texas Limited Liability Company 0803726979 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic - Lute Riley, LLC Texas Limited Liability Company 0803707761 | LLC Interest | 100.00% | N/A | |||||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Momentum B, LLC Texas Limited Liability Company 0803710696 | LLC Interest | 100.00% | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
1. Sonic Automotive, Inc. | Delaware Corporation 2714319 | The chief executive office for all entities is 4401 Colwick Rd., Charlotte, NC | 4401 Colwick Rd. Charlotte, NC In addition to the locations listed below, books and records for all entities are located at 4401 Colwick Rd., Charlotte, NC. | |||||||||||||||||
2. EchoPark GA, LLC | Georgia Limited Liability Company 16063806 | AutoMatch | 8805 Abercorn Street Savannah GA 31406 | AM Realty GA, LLC | AM Realty GA, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
3. AM Realty GA, LLC | Georgia Limited Liability Company 16063850 | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
4. AnTrev, LLC | North Carolina Limited Liability Company 0659676 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
5. Arngar, Inc. | North Carolina Corporation 0005612 | Cadillac of South Charlotte | 10725 Pineville Rd. Pineville, NC | CAR SON MAS, L.P. | All Owners of Collateral Locations (if other than Grantor) are unrelated lessors, except where noted. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
6. Autobahn, Inc. | California Corporation C1548941 | Autobahn Motors Main Facility Airspace Lease Remnant Parcel Autobahn Motors-Service / Storage Autobahn Motors Vehicle Storage/Detailing Autobahn Motors – Lot Parking | 700 Island Pkwy. Belmont, CA Beneath Island Pkwy. north of Ralston Ave. Belmont, CA East of Island Pkwy. and north of Ralston Ave. Belmont, CA 500-510 Harbor Blvd. Belmont, CA 1315 Elmer St. Belmont, CA Elmer Street Lot Belmont, CA | SRE California – 3, LLC City of Belmont, CA SRE California – 3, LLC David S. Lake Trust George W. Williams III, Co-Trustee, George W. Williams III G.S. Trust George W. Williams III and Borel Bank, Co-Trustees, Hortense Williams Trust Lois Hortense Rosebrook Trust Katherine B. Woodlard, Robert P. Berryman and Mark A. Berryman G.W. Williams Co. | SRE California – 3, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
7. EchoPark AZ, LLC | Arizona Limited Liability 23032012 | EchoPark | Not yet known | |||||||||||||||||
8. EchoPark CA, LLC | California Limited Liability Company 201923110260 | EchoPark | 2998 Cherry Avenue Signal Hill, CA 90755 | EchoPark Realty CA, LLC | EchoPark Realty CA, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
9. EchoPark Realty CA, LLC | California Limited Liability Company 201923910263 | N/A | ||||||||||||||||||
10. EchoPark FL, LLC | Florida Limited Liability Company L16000126299 | EchoPark | 4636 N. Dale Mabry Hwy Tampa, FL 33614 | JT Dale Mabry Holdings LLC | Lessor |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
11. EchoPark NC, LLC | North Carolina Limited Liability Company 1436923 | EchoPark | 13231 Statesville Road Huntersville, NC 28078 | EP Realty NC, LLC | EP Realty NC, LLC is an indirect subsidiary of Sonic Automotive, Inc | |||||||||||||||
12. EchoPark SC, LLC | South Carolina Limited Liability Company | EchoPark | 107 Duvall Drive Greenville, SC 29067 | EP Realty SC, LLC | EP Realty SC, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
13. EchoPark TX, LLC | Texas Limited Liability Company 802448793 | EchoPark | ||||||||||||||||||
14. EchoPark Realty TX, LLC | Texas Limited Liability Company 802302813 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
15. EP Realty NC, LLC | North Carolina Limited Liability Company 1436919 | |||||||||||||||||||
16. EP Realty SC, LLC | South Carolina Limited Liability Company | |||||||||||||||||||
17. FAA Beverly Hills, Inc. FAA Beverly Hills, Inc. (continued) | California Corporation C2069519 | Beverly Hills BMW Sales Service Service & CPO Facility 8850 Wilshire Blvd. (BMW Beverly Hills – Storage and Service Overflow 8844 Wilshire Blvd. (BMW Beverly Hills Storage & Service Overflow) Parking Lot | 5050 – 5070 Wilshire Blvd. Beverly Hills, CA 5151 Wilshire Blvd. Beverly Hills, CA 8833 Wilshire Blvd. Beverly Hills, CA 8850 Wilshire Blvd. Beverly Hills, CA 8844 Wilshire Blvd. Beverly Hills, CA NE Corner Citrus Ave. & Carling Way Beverly Hills, CA | Ehlers Enterprises, Ltd. Ehlers Investment Co. Duesenberg Investment Company 8850 Wilshire Partners, LLC Illoulian Properties DSG Wilshire LLC and JW Wilshire LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
18. FAA Concord H, Inc. | California Corporation C2004304 | Concord Honda Main Parking | 1300 Concord Ave. Concord, CA 1461 Concord Ave. Concord, CA 2655 Stanwell Drive Concord, CA | Rosewood Village Associates SRE California – 6, LLC SVC Properties, LLC | SRE California – 6, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
19. FAA Concord T, Inc. | California Corporation C0613543 | Concord Toyota Concord Scion Parking | 1090 Concord Ave. Concord, CA Buchanan Field Airport, Area 7 West of Solano Way | 1090 Concord Associates, LLC County of Contra Costa | ||||||||||||||||
20. FAA Holding LLC | California Limited Liability Company 202022510001 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
21. FAA Las Vegas H, Inc. | Nevada Corporation C13186-1999 | Honda West | 7615 W. Sahara Ave. Las Vegas, NV | CARS CNI-2 L.P. | ||||||||||||||||
22. FAA Poway H, Inc. | California Corporation C2006230 | Poway Honda Parking | 13747 Poway Rd. Poway, CA 13875 Kirkham Way Poway, CA | Bay Automotive Properties, LLC Poway Auto Dealers Association LLC | ||||||||||||||||
23. FAA San Bruno, Inc. | California Corporation C2004303 | Melody Toyota Melody Scion (Main Facility) (Service and Parts Facility) (Parking Lot – New and Used) (Main Facility) (Used Car Facility) | 750 El Camino Real San Bruno, CA 222 E. San Bruno Ave. San Bruno, CA 732 El Camino Real San Bruno, CA 750 El Camino Real San Bruno, CA 650 El Camino Real San Bruno, CA | Bill & Sylvia Wilson L & P Kaplan Peter J. Mandell and Susan Gootnick Chapman Hui California, LLC Martha E. Bishop, Helen J. Carey,The Mary Colter McDonald Trust |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
(Parking – Used Cars) (Used Cars) (Parking Lot) | 650 and 660 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA 692 El Camino Real San Bruno, CA | Bill Malkason Sonic Development, LLC Tommie Carol Ann Mobley and Larry Malasoma | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc | |||||||||||||||||
24. FAA Serramonte H, Inc. | California Corporation C2069465 | Honda of Serramonte | 485 Serramonte Blvd. Colma, CA | Price Trust | ||||||||||||||||
25. FAA Serramonte L, Inc. | California Corporation C2004222 | Lexus of Serramonte Lexus of Marin Main Used Car | 700 Serramonte Blvd. Colma, CA 513 Francisco Blvd. E. San Rafael, CA 535 Francisco Blvd. E. San Rafael, CA | Price Trust CAR FAA II LLC Hendrickson Development, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
26. FirstAmerica Automotive, LLC | Delaware Limited Liability Company 2761294 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
27. Fort Mill Ford, Inc. | South Carolina Corporation | Fort Mill Ford | 801 Gold Hill Rd. Fort Mill, SC | SRE South Carolina-1, LLC | SRE South Carolina-1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
28. Franciscan Motors, Inc. | California Corporation C1532758 | Acura of Serramonte | 465/475 Serramonte Blvd. Colma, CA | Price Trust | ||||||||||||||||
29. L Dealership Group, LLC | Texas Limited Liability Company 0803708626 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
30. Marcus David Corporation | North Carolina Corporation 0272880 | Town and Country Toyota Certified Used Cars Lot CPO and Truck Sales Town and Country Toyota-Scion Town and Country Toyota | 9900 South Blvd. Charlotte, NC 1300 Cressida Dr. Charlotte, NC 9101 South Blvd. Charlotte, NC | Jessco Ltd. National Retail Properties, LP MMR Holdings, LLC | ||||||||||||||||
31. Ontario L, LLC | California Limited Liability Company 200330110050 | Crown Lexus | 1125 Kettering Dr. Ontario, CA | M.F. Salta Co., Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
32. Philpott Motors, LLC | Texas Limited Liability Company 0803707706 | Philpott Motors Hyundai (Hangar Lease) Philpott Ford Philpott Toyota Philpott Ford-Toyota (Fleet/Body Shop) | 1900 U.S. Hwy. 69 Nederland, TX 4605 Third St. Airport Beaumont, TX 1400 U.S. Hwy. 69 Nederland, TX 2727 Nall St. Port Neches, TX | Rustin B. Penland Jefferson County, Texas Philpott Properties, Ltd. Philpott Properties, Ltd. | ||||||||||||||||
33. SAI AL HC1, Inc. | Alabama Corporation D/C 206-272 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
34. SAI AL HC2, Inc. | Alabama Corporation D/C 199-217 | Tom Williams Collision Center | 1874 Grants Mill Rd. Irondale, AL | SRE Alabama–2, LLC | SRE Alabama–2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
35. SAI Atlanta B, LLC | Georgia Limited Liability Company 08083814 | Global Imports BMW Global Imports MINI Parking (BMW) Collision Center (MINI) | 500 Interstate North Pkwy. SE Atlanta, GA 2100-2120 Powers Ferry Rd Atlanta, GA 5925 Peachtree Industrial Blvd. Atlanta, GA | MMR Holdings, LLC c/o Capital Automotive REIT McLean, VA 22102 Attn: Portfolio Manager Shadowood Office Park, LLC SRE Georgia 4, LLC | SRE Georgia 4, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
36. SAI Chattanooga N, LLC | Tennessee Limited Liability Company 000767923 | Nissan of Chattanooga East | 2121 Chapman Road Chattanooga TN 37421 | |||||||||||||||||
37. SAI Chamblee V, LLC | Georgia Limited Liability Company K734665 | Dyer and Dyer Volvo (Chamblee location) | 5260 Peacthree Industrial Blvd., Chamblee, GA | D & R Investments 200 Branch Hill Lane Columbia, SC 29223 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
38. SAI Clearwater T, LLC | Florida Limited Liability Company L08000116713 | Clearwater Toyota Clearwater Scion | 21799 U.S. Hwy. 19 N. Clearwater, FL | |||||||||||||||||
39. SAI Columbus T, LLC | Ohio Limited Liability Company CP13128 | Toyota West Scion West Hatfield Automall | 1500 Auto Mall Dr. Columbus, OH | SRE Ohio - 1, LLC | SRE Ohio - 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
40. SAI Denver B, Inc. | Colorado Corporation 20131294528 | Murray BMW of Denver Bodyworks Murray Motorworks Sales - Used Parking | 900 S. Colorado Blvd. Denver, CO 2201 S. Wabash St. Denver, CO 4300 E. Kentucky Ave. Denver, CO 7750 E. Cherry Creek South Dr. Denver, CO 4677 S. Broadway Denver, CO 4651 S. Broadway Denver, CO | SRE Colorado – 2, LLC SRE Colorado – 2, LLC SRE Colorado – 2, LLC SRE Colorado – 2, LLC Moreland Properties, LLC William J. Markel | SRE Colorado – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
41. SAI Denver M, Inc. | Colorado Corporation 20131291339 | Mercedes-Benz of Denver CPO & Service Sales | 4300 E. Kentucky Ave. 4677 S. Broadway 940 S. Colorado Blvd. 4677 S. Broadway | SRE Colorado 2, LLC SRE Colorado 2, LLC | SRE Colorado – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
42. SAI DS, LLC | Texas Limited Liability 802514325 | driversselect | 13615 N. Central Expressway Dallas, TX 75243 | SAI DS Realty TX, LLC | SAI DS Realty TX, LLC is a direct subsidiary of SAI DS, LLC | |||||||||||||||
43. SAI DS Realty TX, LLC | Texas Limited Liability Company 802797035 | 13615 N. Central Expressway Dallas, TX 75243 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
44. SAI Fairfax B, LLC | Virginia Limited Liability Company S4346344 | BMW of Fairfax Main Body Shop Service Parking Parking Body Shop | 8427 Lee Hwy. Fairfax, VA 2730 Dorr Avenue Fairfax, VA 2805 Old Lee Hwy. Fairfax, VA 8431 Lee Hwy. Fairfax, VA 8111 Gatehouse Rd. Falls Church, VA 8504 Lee Hwy. Fairfax, VA | MMR Holdings, LLC Craven, LLC Holman @ Merrifield, LLC 8431 Lee Highway, LLC 8111 Gatehouse Road Investors, LLC Euridiki and Nicholas Myseros | ||||||||||||||||
45. SAI FL HC2, Inc. | Florida Corporation P98000016038 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
46. SAI FL HC3, Inc. | Florida Corporation P98000064012 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
47. SAI FL HC4, Inc. | Florida Corporation P98000064009 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
48. SAI FL HC7, Inc. | Florida Corporation F86660 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
49. SAI Fort Myers B, LLC | Florida Limited Liability Company L08000116712 | BMW of Fort Myers MINI of Fort Myers | 15421 S. Tamiami Tr. Fort Myers, FL 13880 S. Tamiami Tr. Fort Myers, FL | SRE Florida – 1, LLC CARS (SON-064) | SRE Florida – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc.. | |||||||||||||||
50. SAI Fort Myers M, LLC | Florida Limited Liability Company L98000002089 | Mercedes-Benz of Fort Myers | 15461 S. Tamiami Tr. Fort Myers, FL | SRE Florida – 1, LLC | SRE Florida – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
51. SAI Fort Myers VW, LLC | Florida Limited Liability Company L08000116709 | Volkswagen of Fort Myers | 14060 S. Tamiami Tr. Fort Myers, FL | CAR SONFREE, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
52. SAI GA HC1, LLC | Georgia Limited Partnership 0224680 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
53. SAI Irondale Imports, LLC | Alabama Limited Liability Company 428-744 | Tom Williams Imports (BMW) Tom Williams Audi Tom Williams Porsche Land Rover Birmingham MINI of Birmingham Jaguar Birmingham | 1000 Tom Williams Way Irondale, AL 3001 Tom Williams Way Irondale, AL 3000 Tom Williams Way Irondale, AL 2001 Tom Williams Way Irondale, AL 1001 Tom Williams Way Irondale, AL 1314 Grants Mill Way Irondale, AL | SRE Alabama–2, LLC SRE Alabama–2, LLC SRE Alabama–2, LLC SRE Alabama–2, LLC | SRE Alabama–2, LLC is an indirect subsidiary of Sonic Automotive, Inc.. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
54. SAI Irondale L, LLC | Alabama Corporation DLL 662-073 | Tom Williams Lexus | 1001 Tom Williams Way Irondale, AL | SRE Alabama–2, LLC | ||||||||||||||||
55. SAI Long Beach B, Inc. | California Corporation C2998588 | Long Beach BMW Long Beach MINI | 2998 Cherry Ave. Signal Hill, CA 90755 1660 E. Spring Street Signal Hill, CA 90756 | Velma M. Robinett, Trustee of the Alda C. Jones Trust c/o Signal Hill Redevelopment Agency 2175 Cherry Ave. Signal Hill, CA 90806 | ||||||||||||||||
56. SAI McKinney M, LLC | Texas Limited Liability Company 802180025 | Mercedes-Benz of McKinney | 2080 North Central Expressway McKinney, TX 75069 | |||||||||||||||||
57. SAI MD HC1, Inc. | Maryland Corporation D05310776 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
58. SAI Monrovia B, Inc. | California Corporation C2979304 | BMW of Monrovia MINI of Monrovia Parking | 1425-1451 South Mountain Ave. Monrovia, CA 550 E. Huntington Drive Monrovia, CA | DMSA, LLC c/o Dennis D. and Charyl A. Assael, Trustees 222 Heliotrope Ave. Corona del Mar, CA 92625 Foothill Technology Center, LLC | ||||||||||||||||
59. SAI Montgomery B, LLC | Alabama Limited Liability Company 428-746 | BMW of Montgomery | 731 Eastern Blvd. Montgomery, AL | CARS – DB5, LP | ||||||||||||||||
60. SAI Montgomery BCH, LLC | Alabama Limited Liability Company 428-745 | Classic Buick GMC Cadillac | 833 Eastern Blvd. Montgomery, AL | Rouse Bricken, LLC | ||||||||||||||||
61. SAI Montgomery CH, LLC | Alabama Limited Liability Company 428-747 | Capitol Chevrolet Capitol Hyundai | 711 Eastern Blvd. Montgomery, AL 2820 Eastern Blvd. Montgomery, AL | CARS-DB5, LP CAR BSC L.L.C. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
62. SAI Nashville CSH, LLC | Tennessee Limited Liability Company 0336183 | Crest Cadillac Crest Saab | 2121 Rosa L. Parks Blvd. Nashville, TN | CAR SON MAS TN L.L.C. | ||||||||||||||||
63. SAI Nashville H, LLC | Tennessee Limited Liability Company 0336180 | Crest Honda | 2215 Rosa L. Parks Blvd. Nashville, TN | CAR SON MAS TN L.L.C. | ||||||||||||||||
64. SAI Nashville M, LLC | Tennessee Limited Liability Company 0336182 | Mercedes-Benz of Nashville smart center of Nashville | 630 Bakers Bridge Ave. Franklin, TN | BKB Properties LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
65. SAI Nashville Motors, LLC | Tennessee Limited Liability Company 0566970 | Audi Nashville Porsche of Nashville | 1576 Mallory Lane Brentwood, TN 1580 Mallory Lane Brentwood, TN | SRE Tennessee – 1, LLC SRE Tennessee – 2, LLC | SRE Tennessee – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. SRE Tennessee – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
66. SAI OK HC1, Inc. | Oklahoma Corporation 1900632183 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
67. SAI Orlando CS, LLC | Florida Limited Liability Company L08000116711 | Massey Cadillac [North] Massey Saab of Orlando Massey Cadillac South (Vehicle storage) | 4241 N. John Young Pkwy. Orlando, FL 8819 S. Orange Blossom Tr. Orlando, FL 1851 Landstreet Rd. Orlando, FL | CAR SON MAS, L.P. CAR SON MAS, L.P. Sonic Development, LLC | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc. | |||||||||||||||
68. SAI Peachtree, LLC | Georgia Limited Liability Company 12101436 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
69. SAI Pensacola A, LLC | Florida Limited Liability Company L15000038068 | Audi Pensacola | 6303 Pensacola Blvd. Penscaola FL |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
70. SAI Philpott T, LLC | Texas Limited Liability Company 802278062 | Philpott Toyota Philpott Scion | 2229 Highway 69 Nederland TX 77627 | |||||||||||||||||
71. SAI Rockville Imports, LLC | Maryland Limited Liability Company W12791083 | Rockville Audi Rockville Porsche-Audi Porsche of Rockville (Parking Lot) Vehicle Storage | 1125 Rockville Pike Rockville, MD 1542 & 1550 Rockville Pike Rockville, MD 1190 Rockville Pike Rockville, MD | SRE-Virginia 1, LLC 1500 Rockville Pike, LLC Everett A. Hellmuth, III | SRE-Virginia 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
72. SAI Roaring Fork LR, Inc. | Colorado Corporation 2014156978 | Land Rover Roaring Fork | 52876 Two Rivers Plaza Road Glenwood Springs CO | |||||||||||||||||
73. SAI Rockville L, LLC | Maryland Limited Liability Company W12796074 | Lexus of Rockville | 15501 & 15515 Frederick Rd. Rockville, MD 15814-A and B Paramount Dr. Rockville, MD | Royco, Inc. 8121 Georgia Ave. Suite 500 Silver Spring, MD 20910 Beltway Cable Services Inc. 15815 Paramount Dr. Rockville, MD 20855 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
74. SAI Stone Mountain T, LLC | Georgia Limited Liability Company 0342795 | Stone Mountain Toyota Stone Mountain Scion | 4400 Stone Mountain Hwy Stone Mountain, GA | National Retail Properties, LP | ||||||||||||||||
75. SAI S. Atlanta JLR, LLC | Georgia Limited Liability Company 16070312 | Jaguar South Atlanta Land Rover South Atlanta | 3900 Jonesboro Rd. Union City GA 30291 | SRE Georgia 5, LLC | SRE Georgia 5, LLC is an affiliate of SAI S. Atlanta JLR, LLC | |||||||||||||||
76. SAI TN HC1, LLC | Tennessee Limited Liability Company 0336184 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
77. SAI TN HC2, LLC | Tennessee Limited Liability Company 0336185 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
78. SAI TN HC3, LLC | Tennessee Limited Liability Company 0336181 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
79. SAI VA HC1, Inc. | Virginia Corporation 07019870 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
80. SAI West Houston B, LLC | Texas Limited Liability Company 802152114 | BMW of West Houston | 20822 Katy Freeway Katy TX | |||||||||||||||||
81. Santa Clara Imported Cars, Inc. | California Corporation C0587296 | Honda of Stevens Creek Stevens Creek Honda – Offsite Vehicle Storage | 4590 Stevens Creek Blvd. San Jose, CA 1507 South 10th St. San Jose, CA | SRE California – 8 SCH, LLC 10th Street Land Management | SRE California – 8 SCH, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
82. Sonic – 2185 Chapman Rd., Chattanooga, LLC | Tennessee Limited Liability Company 0366281 | Economy Honda Superstore | 2135 Chapman Rd. Chattanooga, TN | Standefer Investment Company |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
83. Sonic Advantage PA, LLC | Texas Limited Liability Company 0803707771 | Porsche of West Houston Audi West Houston Momentum Luxury Cars | 11890 Katy Fwy. Houston, TX 11850 Katy Fwy., Houston, TX 15865 Katy Fwy. Houston, TX | SRE Texas – 2, LLC SRE Texas – 2, LLC | SRE Texas – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
84. Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | South Carolina Corporation | Century BMW Century MINI (Parking Lot) Century BMW Mini | 2750 Laurens Rd. Greenville, SC 17 Duvall and 2758 Laurens Rd. Greenville, SC 2930-2934 Laurens Rd. Greenville, SC | MMR Holdings, LLC Brockman Real Estate, LLC SRE South Carolina – 2, LLC | SRE South Carolina-2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
85. Sonic Automotive – 3401 N. Main, TX, LLC | Texas Limited Liability Company 0803707776 | Ron Craft Chevrolet Cadillac Baytown Auto Collision Center | 4114 Hwy. 10 E. Baytown, TX | CAR SON BAY, L.P. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
86. Sonic Automotive – 4701 I-10 East, TX, LLC | Texas Limited Liability Company 0803712341 | Baytown Ford | 4110 Hwy. 10 E. Baytown, TX | CAR SON BAY, L.P. | ||||||||||||||||
87. Sonic Automotive – 9103 E. Independence, NC, LLC | North Carolina Limited Liability Company 0470751 | Infiniti of Charlotte Infiniti of Charlotte Parking Lot | 9103 E. Independence Blvd. Matthews, NC 9009 E. Independence Blvd. Matthews, NC | MMR Holdings, LLC CAR SON CHAR L.L.C. | ||||||||||||||||
88. Sonic Automotive Aviation, LLC | North Carolina Limited Liability Company 1320781 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
89. Sonic Automotive F&I, LLC | Nevada Limited Liability Company LLC8620-1999 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
90. Sonic Automotive of Chattanooga, LLC | Tennessee Limited Liability Company 0336188 | BMW of Chattanooga | 6806 E. Brainerd Rd. Chattanooga, TN | 75 Pointe Centre Partners, LLC | ||||||||||||||||
91. Sonic Automotive of Nashville, LLC | Tennessee Limited Liability Company 0336186 | BMW of Nashville MINI of Nashville Parking | 4040 Armory Oaks Dr. Nashville, TN 4010 Armory Oaks Dr. Nashville, TN 1572 Mallory Lane Brentwood, TN 37027 | H.G. Hill Realty Company, LLC H.G. Hill Realty Company, LLC | ||||||||||||||||
92. Sonic Automotive of Nevada, Inc. | Nevada Corporation C18014-1997 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
93. Sonic Automotive of Texas, LLC | Texas Limited Liability Company 0803712331 | Lone Star Ford | 8477 North Fwy. Houston, TX | MMR Viking Investment Associates, LP |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
94. Sonic Automotive Support, LLC | Nevada Limited Liability Company LLC19412-2003 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||
95. Sonic Automotive West, LLC | Nevada Limited Liability Company LLC9139-1999 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||
96. Sonic-Buena Park H, Inc. | California Corporation C2356456 | Buena Park Honda - Employee Parking Buena Park Honda – Main Parking Vehicle Storage | 7697 Beach Blvd. Buena Park, CA 6411 Beach Blvd. Buena Park, CA 6841 Western Avenue Buena Park, CA 6291 Auto Center Drive Buena Park, CA | Abbott Investments Saltalamacchia Land Company Buena Park Masonic Temple Board Orange County Transportation Authority |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
97. Sonic – Integrity Dodge LV, LLC | Nevada Limited Liability Company LLC4879-1999 | N/A | N/A | N/A | ||||||||||||||||
98. Sonic Calabasas M, Inc. | California Corporation C2975101 | Mercedes-Benz of Calabasas Parking | 24181 Calabasas Rd. Calabasas, CA 91302 Parking lot north of and abutting above address containing 20,036 square feet, more or less 21800 Oxnard Street Woodland Hills, CA | Arthur D’Egidio and Assunta D’Egidio, as Trustees of the D’Egidio Trust dated May 13, 1985 and Maria A. D’Egidio, as Trustee of the D’Egidio Trust dated April 29, 1985 17401 Gresham St. Northridge, CA 91325 City of Calabasas, California 26135 Mureau Rd. Calabasas, CA 91302 Attn: City Manager Ampco System Parking |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
99. Sonic-Clear Lake Volkswagen, LLC | Texas Limited Liability Company 0803712287 | Momentum Volkswagen of Clear Lake | 15100 Gulf Fwy. Houston, TX | CARS-DB4, LP | ||||||||||||||||
100. Sonic – Denver T, Inc. | Colorado Corporation 20021350687 | Mountain States Toyota and Scion Mountain States Toyota | 201 W. 70th Ave. Denver, CO | SRE Colorado – 1, LLC | SRE Colorado – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
101. Sonic Development, LLC | North Carolina Limited Liability Company 0483658 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
102. Sonic Divisional Operations, LLC | Nevada Limited Liability Company LLC26157-2004 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | Nevada Speedway, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
103. Sonic - Fort Worth T, LLC | Texas Limited Liability Company 0803726979 | Toyota of Fort Worth Scion of Fort Worth Main Used Car | 9001 Camp Bowie W. Fort Worth, TX 8901 US Hwy 80 West Fort Worth, TX | SON MCKNY II, L.P. SON MCKNY II, L.P. | ||||||||||||||||
104. Sonic - Harbor City H, Inc. | California Corporation C2356454 | Carson Honda | 1435 E. 223rd St. Carson, CA | ENRI 2, LLC | ||||||||||||||||
105. Sonic Houston JLR, LLC | Texa Limited Liability Company 0803707781 | Jaguar Houston North Land Rover Houston North | 18205 Interstate 45 N Houston, TX | SRE Texas – 1, LLC | SRE Texas – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
106. Sonic Houston LR, LLC | Texas Limited Liability Company 0803707788 | Land Rover Houston Central Jaguar Houston Central | 7019 Old Katy Rd. Houston, TX 7025 Old Katy Rd. Houston, TX | Capital Automotive, LP SRE Texas – 7, LLC | SRE Texas – 7, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
107. Sonic - Houston V, LLC | Texas Limited Liability Company 0803712226 | Volvo of Houston (Body Shop) | 11950 Old Katy Rd. Houston, TX 1321 Sherwood Forest Dr. Houston, TX | Mark Miller, Trustee Mark Miller, Trustee | ||||||||||||||||
108. Sonic-Jersey Village Volkswagen, LLC | Texas Limited Liability Company 0803712317 | Momentum Volkswagen of Jersey Village Parking | 19550 Northwest Fwy. Houston, TX 11411 FM 1960 Road West Houston, TX | CAR 2 MOM, LP Cyfair Developments, LP | ||||||||||||||||
109. Sonic - Las Vegas C West, LLC | Nevada Limited Liability Company LLC7434-2000 | Cadillac of Las Vegas Cadillac of Las Vegas - West | 5185 W. Sahara Ave. Las Vegas, NV | SRE Nevada – 2, LLC | SRE Nevada – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
110. Sonic - LS Chevrolet, LLC | Texas Limited Liability Company 0803707733 | Lone Star Chevrolet Lone Star Chevrolet Parking Lot | 18800 & 18900 North Fwy. and 9110 N. Eldridge Parkway, Houston, TX 18990 Northwest Fwy. Houston, TX | CARS-DB4, L.P. CAR SON STAR, L.P. | ||||||||||||||||
111. Sonic - LS, LLC | Delaware Limited Liability Company 3440418 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
112. Sonic - Lute Riley, LLC | Texas Limited Liability Company 0803707761 | Lute Riley Honda (Body Shop) Storage Storage Service/Car Wash | 1331 N. Central Expy. Richardson, TX 13561 Goldmark Dr. Richardson, TX 331 Melrose Drive Richardson, TX 816 S. Sherman Street Richardson, TX 820 S. Sherman Street Richardson, TX | MMR Viking Investment Associates, LP CARS (SON-105) CCI-Melrose 1, L.P. HLN Enterprises, Inc. A. Kenneth Moore |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
113. Sonic Momentum B, LLC | Texas Limited Liability Company 0803710696 | Momentum BMW Momentum MINI (Momentum BMW/MINI Body Shop) Momentum BMW (West) Momentum BMW West - Parking Momentum Collision Center | 10000 Southwest Fwy. Houston, TX 10002 Southwest Fwy. Houston, TX 9911 Centre Pkwy. Houston, TX 15865 Katy Fwy. Houston, TX 11777 Katy Fwy. Houston, TX | CARS CNI-2, LP CARS CNI-2, L.P. RMC AutoSonic BMWN, L.P. Kirkwood Partners, LP |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
114. Sonic Momentum JVP, LLC | Texas Limited Liability Company 0803707794 | Jaguar Southwest Houston Land Rover Southwest Houston Momentum Volvo Momentum Porsche | 10150 Southwest Fwy. Houston, TX 10155 Southwest Fwy. Houston, TX | CARS CNI-2, LP SRE Texas – 3, LLC | SRE Texas – 3, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
115. Sonic Momentum VWA, LLC | Texas Limited Liability Company 0803707807 | Momentum Volkswagen Audi Central Houston Certified Pre-Owned Sales Momentum Audi Momentum Audi Back Lot (Storage) Momentum Audi – Parking Momentum Audi – Parking Momentum Audi – Service Center Momentum Audi – Parking Garage Momentum Audi – Parking Momentum Audi – Parking Garage | 2405 Richmond Ave. Houston, TX 2309 Richmond Ave. Houston, TX 3717-3725 Revere St. Houston, TX 2401 Portsmouth Houston, TX 2211 Norfolk Street Houston, TX 2120 Southwest Fwy. Houston, TX 3131 Richmond Ave., Houston, TX 3120 Southwest Freeway, Houston, TX 3847 Farnham St, Houston, TX 2211 Norfolk St, Houston, TX | RMC Auto Sonic VWA, LP RMC Auto Sonic VWA, LP La Mesa Properties Limited La Mesa Properties Limited The Realty Associates Fund IX, LP 3131 Richmond, LLC and 3 Lot Pieces, LLC Plaza at Audley, LLC Eastern Diversified, LP Norfolk Tower, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
116. Sonic of Texas, Inc. | Texas Corporation 150782300 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
117. Sonic Resources, Inc. | Nevada Corporation C24652-2001 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||
118. Sonic - Richardson F, LLC | Texas Limited Liability Company 0803712249 | North Central Ford | 1819 N. Central Expy. Richardson, TX | SRE Texas 10, LLC | SRE Texas 10, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
119. Sonic Santa Monica M, Inc. | California Corporation C2727452 | W.I. Simonson (Service) (Parking) | 1626 Wilshire Blvd. Santa Monica, CA 1330 Colorado Ave. Santa Monica, CA 1215 – 17th St. Santa Monica, CA 1415 Euclid & 1308 Santa Monica Blvd. Santa Monica, CA | 17th & Wilshire Partnership Investment Co. of Santa Monica 7R Apartments Frances M. Rehwald, Trustee, Frances M. Rehwald Family Trust |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
Parking Office Parts/Service | 11766 Wilshire Blvd. Santa Monica, CA 1301 Santa Monica Blvd. Santa Monica, CA 1337 Euclid Street Santa Monica, CA | Judith A. Richards, Trustee, Judity a. Richards Separate Property Trust William J.S. Rehwald, Trustee, William J.S. Rehwald Separate Property Trust Frances M. Rehwald, Judith a. Richards, William J.S. Rehwald, Trustees, Mary F. Rehwald Separate Property Trust Ampco System Parking Sully Three SM, LLC Sully Three SM, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
120. Sonic - Shottenkirk, Inc. | Florida Corporation P99000043291 | Pensacola Honda | 5600 Pensacola Blvd. Pensacola, FL | MMR Holdings, LLC | ||||||||||||||||
121. Sonic - Stevens Creek B, Inc. | California Corporation C0723787 | Stevens Creek BMW | 4343 Stevens Creek Blvd. San Jose, CA 4333 Stevens Creek Blvd. San Jose, CA | SRE California – 7 SCB, LLC SRE California – 7 SCB, LLC | SRE California – 7 SCB, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
122. Sonic Walnut Creek M, Inc. | California Corporation C2508517 | Mercedes-Benz of Walnut Creek (Jensen Lease - Service) (Parking Lot) Parking Parking | 1301 Parkside Dr. Walnut Creek, CA 1360 Pine St. Walnut Creek, CA 1300 Pine St. Walnut Creek, CA 2650 Cloverdale Avenue Concord, CA 2198 N. Main Street Walnut Creek, CA | Stead Leasing, Inc. Peter C. Jensen, Trustee of the Peter Cole Jensen and Sharon A. Jensen Living Trust dated December 23, 1986 Testamentary Trust of Paul W. Muller Robert M. Sherman 2002 Frederick D. Wertheim Revocable Trust | ||||||||||||||||
123. SRE Alabama - 2, LLC | Alabama Limited Liability Company 670-275 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
124. SRE Alabama-5, LLC | Alabama Limited Liability Company DLL 691-622 | N/A | N/A | N/A | N/A | |||||||||||||||
125. SRE California - 1, LLC | California Limited Liability Company 200202910110 | N/A | N/A | N/A | N/A | |||||||||||||||
126. SRE California – 2, LLC | California Limited Liability Company 200202910111 | N/A | N/A | N/A | N/A | |||||||||||||||
127. SRE California – 3, LLC | California Limited Liability Company 200202810141 | N/A | N/A | N/A | N/A | |||||||||||||||
128. SRE California – 5, LLC | California Limited Liability Company 200203110006 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
129. SRE California – 6, LLC | California Limited Liability Company 200203110007 | N/A | N/A | N/A | N/A | |||||||||||||||
130. SRE California -7 SCB, LLC | California Limited Liability Company 201033410181 | N/A | N/A | N/A | N/A | |||||||||||||||
131. SRE California – 8 SCH, LLC | California Limited Liability Company 201033510021 | N/A | N/A | N/A | N/A | |||||||||||||||
132. SRE California – 9 BHB, LLC | California Limited Liability Company 201126410082 | N/A | N/A | N/A | N/A | |||||||||||||||
133. SRE California 10 LBB, LLC | California Limited Liability Company 201413910313 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
134. SRE Colorado - 1, LLC | Colorado Limited Liability Company 20021330518 | N/A | N/A | N/A | N/A | |||||||||||||||
135. SRE Colorado – 2, LLC | Colorado Limited Liability Company 20021330523 | N/A | N/A | N/A | N/A | |||||||||||||||
136. SRE Colorado – 3, LLC | Colorado Limited Liability Company 20021330530 | N/A | N/A | N/A | N/A | |||||||||||||||
137. SRE Colorado – 4 RF, LLC | Colorado Limited Liability Company 20141516951 | N/A | N/A | N/A | N/A | |||||||||||||||
138. SRE Colorado – 5 CC, LLC | Colorado Limited Liability Company 201415486855 | 2876 Two Rivers Plaza Road Glenwood Springs CO | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
139. SRE Florida - 1, LLC | Florida Limited Liability Company L00000006050 | N/A | N/A | N/A | N/A | |||||||||||||||
140. SRE Georgia – 4, LLC | Georgia Limited Liability Company 11091238 | N/A | N/A | N/A | N/A | |||||||||||||||
141. SRE Holding, LLC | North Carolina Limited Liability Company 0551475 | N/A | N/A | N/A | N/A | |||||||||||||||
142. SRE Maryland – 1, LLC | Maryland Limited Liability Company 200162227 | N/A | N/A | N/A | N/A | |||||||||||||||
143. SRE Nevada – 2, LLC | Nevada Limited Liability Company LLC5021-2000 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
144. SRE North Carolina – 2, LLC | North Carolina Limited Liability Company 0682830 | N/A | N/A | N/A | N/A | |||||||||||||||
145. SRE North Carolina – 3, LLC | North Carolina Limited Liability Company 0682833 | N/A | N/A | N/A | N/A | |||||||||||||||
146. SRE Ohio 1, LLC | Ohio Limited Liability Company 2146293 | N/A | N/A | N/A | N/A | |||||||||||||||
147. SRE Ohio 2, LLC | Ohio Limited Liability Company 2146292 | N/A | N/A | N/A | N/A | |||||||||||||||
148. SRE Oklahoma -2, LLC | Oklahoma Limited Liability Company 3500697105 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
149. SRE South Carolina – 2, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||
150. SRE South Carolina-3, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||
151. SRE South Carolina – 4, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||
152. SRE Tennessee – 1, LLC | Tennessee Limited Liability Company 000390360 | N/A | N/A | N/A | N/A | |||||||||||||||
153. SRE Tennessee – 2, LLC | Tennessee Limited Liability Company 000390358 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
154. SRE Tennessee – 3, LLC | Tennessee Limited Liability Company 000390359 | N/A | N/A | N/A | N/A | |||||||||||||||
155. SRE Tennessee-4, LLC | Tennessee Limited Liability Company 0450279 | N/A | N/A | N/A | N/A | |||||||||||||||
156. SRE Tennessee – 5, LLC | Tennessee Limited Liability Company 000450278 | N/A | N/A | N/A | N/A | |||||||||||||||
157. SRE Tennessee – 6, LLC | Tennessee Limited Liability Company 000797947 | N/A | N/A | N/A | N/A | |||||||||||||||
158. SRE Tennessee 7, LLC | Tennessee Limited Liability Company 000959852 | N/A | 6001 Lee Highway, Chattanooga, TN 37421 | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
159. SRE Texas – 1, LLC | Texas Limited Liability Company 0803712346 | N/A | N/A | N/A | N/A | |||||||||||||||
160. SRE Texas – 2, LLC | Texas Limited Liability Company 0803712368 | N/A | N/A | N/A | N/A | |||||||||||||||
161. SRE Texas – 3, LLC | Texas Limited Liability Company 0803712408 | N/A | N/A | N/A | N/A | |||||||||||||||
162. SRE Texas – 4, LLC | Texas Limited Liability Company 0803712412 | N/A | N/A | N/A | N/A | |||||||||||||||
163. SRE Texas – 5, LLC | Texas Limited Liability Company 0803712417 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
164. SRE Texas – 6, LLC | Texas Limited Liability Company 0803712425 | N/A | N/A | N/A | N/A | |||||||||||||||
165. SRE Texas – 7, LLC | Texas Limited Liability Company 0803712430 | N/A | N/A | N/A | N/A | |||||||||||||||
166. SRE Texas – 8, LLC | Texas Limited Liability Company 0803712434 | N/A | N/A | N/A | N/A | |||||||||||||||
167. SRE Texas 9, LLC | Texas Limited Liability Company 801419276 | N/A | N/A | N/A | N/A | |||||||||||||||
168. SRE Texas 10, LLC | Texas Limited Liability Company 801675082 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
169. SRE Texas 11, LLC | Texas Limited Liability Company 801723757 | N/A | N/A | N/A | N/A | |||||||||||||||
170. SRE Texas 12, LLC | Texas Limited Liability Company 801807250 | N/A | N/A | N/A | N/A | |||||||||||||||
171. SRE Texas 13, LLC | Texas Limited Liability Company 13-802180003 | N/A | N/A | N/A | N/A | |||||||||||||||
172. SRE Texas 14, LLC | Texas Limited Liability Company 14-802402987 | N/A | N/A | N/A | N/A | |||||||||||||||
173. SRE Texas 15, LLC | Texas Limited Liability Company 15-802570108 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
174. SRE Virginia – 1, LLC | Virginia Limited Liability Company 5050246-0 | N/A | N/A | N/A | N/A | |||||||||||||||
175. SRE Virginia – 2, LLC | Virginia Limited Liability Company S1012154 | N/A | N/A | N/A | N/A | |||||||||||||||
176. Town and Country Ford, Incorporated | North Carolina Corporation 0148959 | Town and County Ford | 5401 E. Independence Blvd. Charlotte, NC | SRE North Carolina - 2, LLC | SRE North Carolina - 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
177. EchoPark Automotive, Inc. | Delaware Corporation 5387434 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
178. TT Denver, LLC | Colorado Limited Liability Company 20131462193 | 500 E. 104th Ave Thornton, CO 10330 Grant Ave Thornton, CO 80229 10401 E. Arapahoe Rd Centennial, CO 1500 E. County Line Rd Highlands Ranch, CO 13412 West Coal Mine Ave. Littleton, CO 80127 9575 E. 40th Ave. Denver, CO 80230 | TTRE CO 1, LLC TTRE CO 1, LLC TTRE CO 1, LLC TTRE CO 1, LLC | TTRE CO 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | ||||||||||||||||
179. TTRE CO 1, LLC | Colorado Limited Liability Company 20131504490 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
180. Windward, Inc. | Hawaii Corporation 41788D1 | Honda of Hayward (Service) Ground Lease (Sales) (Vehicle Display) (Vehicle Storage) Ground Lease (Sales) | 24895 Mission Blvd. Hayward, CA 24947-24975 Mission Blvd. Hayward, CA 24919 Mission Blvd. Hayward, CA 900 Fletcher Ln. Hayward, CA 24933 Mission Blvd. Hayward, CA | SRE California – 2, LLC Barbara Harrison and Marie Hinton, Trustee of the Marie Hinton Revocable Trust SRE California – 2, LLC SRE California – 2, LLC Paul Y. Fong | SRE California – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
Commitment Fee on New Vehicle Floorplan Facility | Commitment Fee on Used Vehicle Floorplan Facility | Eurodollar Rate Loans + (for New Vehicle Floorplan Facility) | Base Rate Loans + (for New Vehicle Floorplan Facility) | Eurodollar Rate Loans + (for Used Vehicle Floorplan Facility) | Base Rate Loans + (for Used Vehicle Floorplan Facility) | ||||||||||||
0.15% | 0.15% | 1.25% | 0.25% | 1.50% | 0.50% |
Lender | New Vehicle Applicable Commitment | New Vehicle Applicable Percentage | Used Vehicle Applicable Commitment | Used Vehicle Applicable Percentage | Total Floorplan Commitment | |||||||||||||||||||||
Bank of America, N.A. | $ | 153,363,318.34 | 23.188405797% | $ | 70,636,681.66 | 23.188405797% | $ | 224,000,000.00 | ||||||||||||||||||
JPMorgan Chase Bank, N.A. | $ | 106,121,939.03 | 16.045548654% | $ | 48,878,060.97 | 16.045548654% | $ | 155,000,000.00 | ||||||||||||||||||
U.S. Bank National Association | $ | 71,204,397.80 | 10.766045549% | $ | 32,795,602.20 | 10.766045549% | $ | 104,000,000.00 | ||||||||||||||||||
Mercedes-Benz Financial Services USA LLC | $ | 62,303,848.08 | 9.420289855% | $ | 28,696,151.92 | 9.420289855% | $ | 91,000,000.00 | ||||||||||||||||||
Wells Fargo Bank, National Association | $ | 61,619,190.40 | 9.316770186% | $ | 28,380,809.60 | 9.316770186% | $ | 90,000,000.00 | ||||||||||||||||||
Comerica Bank | $ | 36,971,514.24 | 5.590062112% | $ | 17,028,485.76 | 5.590062112% | $ | 54,000,000.00 | ||||||||||||||||||
Capital One, N.A. | $ | 33,548,225.89 | 5.072463768% | $ | 15,451,774.11 | 5.072463768% | $ | 49,000,000.00 | ||||||||||||||||||
MassMutual Asset Finance LLC | $ | 33,548,225.89 | 5.072463768% | $ | 15,451,774.11 | 5.072463768% | $ | 49,000,000.00 | ||||||||||||||||||
PNC Bank, National Association | $ | 33,548,225.89 | 5.072463768% | $ | 15,451,774.11 | 5.072463768% | $ | 49,000,000.00 | ||||||||||||||||||
TD Bank, N.A. | $ | 33,548,225.89 | 5.072463768% | $ | 15,451,774.11 | 5.072463768% | $ | 49,000,000.00 | ||||||||||||||||||
Toyota Motor Credit Corporation | $ | 18,485,757.12 | 2.795031056% | $ | 8,514,242.88 | 2.795031056% | $ | 27,000,000.00 | ||||||||||||||||||
VW Credit, Inc. | $ | 17,116,441.78 | 2.587991718% | $ | 7,883,558.22 | 2.587991718% | $ | 25,000,000.00 | ||||||||||||||||||
Total | $ | 661,379,310.34 | 100.000000000% | $ | 304,620,689.66 | 100.000000000% | $ | 966,000,000.00 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
1. Sonic Automotive, Inc. | Delaware Corporation 2714319 | The chief executive office for all entities is 4401 Colwick Rd., Charlotte, NC | 4401 Colwick Rd. Charlotte, NC In addition to the locations listed below, books and records for all entities are located at 4401 Colwick Rd., Charlotte, NC. | |||||||||||||||||
2. EchoPark GA, LLC | Georgia Limited Liability Company 16063806 | AutoMatch | 8805 Abercorn Street Savannah GA 31406 | AM Realty GA, LLC | AM Realty GA, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
3. AM Realty GA, LLC | Georgia Limited Liability Company 16063850 | N/A | ||||||||||||||||||
4. AnTrev, LLC | North Carolina Limited Liability Company 0659676 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
5. Arngar, Inc. | North Carolina Corporation 0005612 | Cadillac of South Charlotte | 10725 Pineville Rd. Pineville, NC | CAR SON MAS, L.P. | All Owners of Collateral Locations (if other than Grantor) are unrelated lessors, except where noted. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
6. Autobahn, Inc. | California Corporation C1548941 | Autobahn Motors Main Facility Airspace Lease Remnant Parcel Autobahn Motors-Service / Storage Autobahn Motors Vehicle Storage/Detailing Autobahn Motors – Lot Parking | 700 Island Pkwy. Belmont, CA Beneath Island Pkwy. north of Ralston Ave. Belmont, CA East of Island Pkwy. and north of Ralston Ave.Belmont, CA 500-510 Harbor Blvd. Belmont, CA 1315 Elmer St. Belmont, CA Elmer Street Lot Belmont, CA | SRE California – 3, LLC City of Belmont, CA SRE California – 3, LLC David S. Lake Trust George W. Williams III, Co-Trustee, George W. Williams III G.S. Trust George W. Williams III and Borel Bank, Co-Trustees, Hortense Williams Trust Lois Hortense Rosebrook Trust Katherine B. Woodlard, Robert P. Berryman and Mark A. Berryman G.W. Williams Co. | SRE California – 3, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
7. EchoPark AZ, LLC | Arizona Limited Liability 23032012 | EchoPark | Not yet known | |||||||||||||||||
8. EchoPark CA, LLC | California Limited Liability Company 201923110260 | EchoPark | 2998 Cherry Avenue Signal Hill, CA 90755 | EchoPark Realty CA, LLC | EchoPark Realty CA, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
9. EchoPark Realty CA, LLC | California Limited Liability Company 201923910263 | N/A | ||||||||||||||||||
10. EchoPark FL, LLC | Florida Limited Liability Company L16000126299 | EchoPark | 4636 N. Dale Mabry Hwy Tampa, FL 33614 | JT Dale Mabry Holdings LLC | Lessor |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
11. EchoPark NC, LLC | North Carolina Limited Liability Company 1436923 | EchoPark | 13231 Statesville Road Huntersville, NC 28078 | EP Realty NC, LLC | EP Realty NC, LLC is an indirect subsidiary of Sonic Automotive, Inc | |||||||||||||||
12. EchoPark SC, LLC | South Carolina Limited Liability Company | EchoPark | 107 Duvall Drive Greenville, SC 29067 | EP Realty SC, LLC | EP Realty SC, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
13. EchoPark TX, LLC | Texas Limited Liability Company 802448793 | EchoPark | ||||||||||||||||||
14. EchoPark Realty TX, LLC | Texas Limited Liability Company 802302813 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
15. EP Realty NC, LLC | North Carolina Limited Liability Company 1436919 | |||||||||||||||||||
16. EP Realty SC, LLC | South Carolina Limited Liability Company | |||||||||||||||||||
17. FAA Beverly Hills, Inc. | California Corporation C2069519 | Beverly Hills BMW Sales Service Service & CPO Facility 8850 Wilshire Blvd. (BMW Beverly Hills – Storage and Service Overflow 8844 Wilshire Blvd. (BMW Beverly Hills Storage & Service Overflow) | 5050 – 5070 Wilshire Blvd. Beverly Hills, CA 5151 Wilshire Blvd. Beverly Hills, CA 8833 Wilshire Blvd. Beverly Hills, CA 8850 Wilshire Blvd. Beverly Hills, CA 8844 Wilshire Blvd. Beverly Hills, CA NE Corner Citrus Ave. & Carling Way Beverly Hills, CA | Ehlers Enterprises, Ltd. Ehlers Investment Co. Duesenberg Investment Company 8850 Wilshire Partners, LLC Illoulian Properties DSG Wilshire LLC and JW Wilshire LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
Parking Lot | NE Corner Citrus Ave. & Carling Way Beverly Hills, CA | DSG Wilshire LLC and JW Wilshire LLC | ||||||||||||||||||
18. FAA Concord H, Inc. | California Corporation C2004304 | Concord Honda Main Parking | 1300 Concord Ave. Concord, CA 1461 Concord Ave. Concord, CA 2655 Stanwell Drive Concord, CA | Rosewood Village Associates SRE California – 6, LLC SVC Properties, LLC | SRE California – 6, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
19. FAA Concord T, Inc. | California Corporation C0613543 | Concord Toyota Concord Scion Parking | 1090 Concord Ave. Concord, CA Buchanan Field Airport, Area 7 West of Solano Way | 1090 Concord Associates, LLC County of Contra Costa | ||||||||||||||||
20. FAA Holding LLC | California Limited Liability Company 202022510001 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
21. FAA Las Vegas H, Inc. | Nevada Corporation C13186-1999 | Honda West | 7615 W. Sahara Ave. Las Vegas, NV | CARS CNI-2 L.P. | ||||||||||||||||
22. FAA Poway H, Inc. | California Corporation C2006230 | Poway Honda Parking | 13747 Poway Rd. Poway, CA 13875 Kirkham Way Poway, CA | Bay Automotive Properties, LLC Poway Auto Dealers Association LLC | ||||||||||||||||
23. FAA San Bruno, Inc. | California Corporation C2004303 | Melody Toyota Melody Scion (Main Facility) (Service and Parts Facility) (Parking Lot – New and Used) (Main Facility) (Used Car Facility) (Parking – Used Cars) | 750 El Camino Real San Bruno, CA 222 E. San Bruno Ave. San Bruno, CA 732 El Camino Real San Bruno, CA 750 El Camino Real San Bruno, CA 650 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA | Bill & Sylvia Wilson L & P Kaplan Peter J. Mandell and Susan Gootnick Chapman Hui California, LLC Martha E. Bishop, Helen J. Carey, The Mary Colter McDonald Trust Bill Malkason | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
(Used Cars) (Parking Lot) | 650 and 660 El Camino Real San Bruno, CA 692 El Camino Real San Bruno, CA | Sonic Development, LLC Tommie Carol Ann Mobley and Larry Malascoma | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc | |||||||||||||||||
24. FAA Serramonte H, Inc. | California Corporation C2069465 | Honda of Serramonte | 485 Serramonte Blvd. Colma, CA | Price Trust | ||||||||||||||||
25. FAA Serramonte L, Inc. | California Corporation C2004222 | Lexus of Serramonte Lexus of Marin Main Used Car | 700 Serramonte Blvd. Colma, CA 513 Francisco Blvd. E. San Rafael, CA 535 Francisco Blvd. E. San Rafael, CA | Price Trust CAR FAA II LLC Hendrickson Development, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
26. FirstAmerica Automotive, LLC | Delaware Limited Liability Company 2761294 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
27. Fort Mill Ford, Inc. | South Carolina Corporation | Fort Mill Ford | 801 Gold Hill Rd. Fort Mill, SC | SRE South Carolina-1, LLC | SRE South Carolina-1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
28. Franciscan Motors, Inc. | California Corporation C1532758 | Acura of Serramonte | 465/475 Serramonte Blvd. Colma, CA | Price Trust | ||||||||||||||||
29. L Dealership Group, LLC | Texas Limited Liability Company 0803708626 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
30. Marcus David Corporation | North Carolina Corporation 0272880 | Town and Country Toyota Certified Used Cars Lot CPO and Truck Sales Town and Country Toyota-Scion Town and Country Toyota | 9900 South Blvd. Charlotte, NC 1300 Cressida Dr. Charlotte, NC 9101 South Blvd. Charlotte, NC | Jessco Ltd. National Retail Properties, LP MMR Holdings, LLC | ||||||||||||||||
31. Ontario L, LLC | California Limited Liability Company 200330110050 | Crown Lexus | 1125 Kettering Dr. Ontario, CA | M.F. Salta Co., Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
32. Philpott Motors, LLC | Texas Limited Liability Company 0803707706 | Philpott Motors Hyundai (Hangar Lease) Philpott Ford Philpott Toyota Philpott Ford-Toyota (Fleet/Body Shop) | 1900 U.S. Hwy. 69 Nederland, TX 4605 Third St. Airport Beaumont, TX 1400 U.S. Hwy. 69 Nederland, TX 2727 Nall St. Port Neches, TX | Rustin B. Penland Jefferson County, Texas Philpott Properties, Ltd. Philpott Properties, Ltd. | ||||||||||||||||
33. SAI AL HC1, Inc. | Alabama Corporation D/C 206-272 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
34. SAI AL HC2, Inc. | Alabama Corporation D/C 199-217 | Tom Williams Collision Center | 1874 Grants Mill Rd. Irondale, AL | SRE Alabama–2, LLC | SRE Alabama–2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
35. SAI Atlanta B, LLC | Georgia Limited Liability Company 08083814 | Global Imports BMW Global Imports MINI Parking (BMW) Collision Center (MINI) | 500 Interstate North Pkwy. SE Atlanta, GA 2100-2120 Powers Ferry Rd Atlanta, GA 5925 Peachtree Industrial Blvd. Atlanta, GA | MMR Holdings, LLC c/o Capital Automotive REIT McLean, VA 22102 Attn: Portfolio Manager Shadowood Office Park, LLC SRE Georgia 4, LLC | SRE Georgia 4, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
36. SAI Chattanooga N, LLC | Tennessee Limited Liability Company 000767923 | Nissan of Chattanooga East | 2121 Chapman Road Chattanooga TN 37421 | |||||||||||||||||
37. SAI Chamblee V, LLC | Georgia Limited Liability Company K734665 | Dyer and Dyer Volvo (Chamblee location) | 5260 Peacthree Industrial Blvd., Chamblee, GA | D & R Investments 200 Branch Hill Lane Columbia, SC 29223 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
38. SAI Clearwater T, LLC | Florida Limited Liability Company L08000116713 | Clearwater Toyota Clearwater Scion | 21799 U.S. Hwy. 19 N. Clearwater, FL | |||||||||||||||||
39. SAI Columbus T, LLC | Ohio Limited Liability Company CP13128 | Toyota West Scion West Hatfield Automall | 1500 Auto Mall Dr. Columbus, OH | SRE Ohio - 1, LLC | SRE Ohio - 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
40. SAI Denver B, Inc. | Colorado Corporation 20131294528 | Murray BMW of Denver Bodyworks Murray Motorworks Sales - Used Parking | 900 S. Colorado Blvd. Denver, CO 2201 S. Wabash St. Denver, CO 4300 E. Kentucky Ave. Denver, CO 7750 E. Cherry Creek South Dr. Denver, CO 4677 S. Broadway Denver, CO 4651 S. Broadway Denver, CO | SRE Colorado – 2, LLC SRE Colorado – 2, LLC SRE Colorado – 2, LLC SRE Colorado – 2, LLC Moreland Properties, LLC William J. Markel | SRE Colorado – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
41. SAI Denver M, Inc. | Colorado Corporation 20131291339 | Mercedes-Benz of Denver CPO & Service Sales | 4300 E. Kentucky Ave. 4677 S. Broadway 940 S. Colorado Blvd. 4677 S. Broadway | SRE Colorado 2, LLC SRE Colorado 2, LLC | SRE Colorado – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
42. SAI DS, LLC | Texas Limited Liability 802514325 | driversselect | 13615 N. Central Expressway Dallas, TX 75243 | SAI DS Realty TX, LLC | SAI DS Realty TX, LLC is a direct subsidiary of SAI DS, LLC | |||||||||||||||
43. SAI DS Realty TX, LLC | Texas Limited Liability Company 802797035 | 13615 N. Central Expressway Dallas, TX 75243 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
44. SAI Fairfax B, LLC | Virginia Limited Liability Company S4346344 | BMW of Fairfax Main Body Shop Service Parking Parking Body Shop | 8427 Lee Hwy. Fairfax, VA 2730 Dorr Avenue Fairfax, VA 2805 Old Lee Hwy. Fairfax, VA 8431 Lee Hwy. Fairfax, VA 8111 Gatehouse Rd. Falls Church, VA 8504 Lee Hwy. Fairfax, VA | MMR Holdings, LLC Craven, LLC Holman @ Merrifield, LLC 8431 Lee Highway, LLC 8111 Gatehouse Road Investors, LLC Euridiki and Nicholas Myseros | ||||||||||||||||
45. SAI FL HC2, Inc. | Florida Corporation P98000016038 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
46. SAI FL HC3, Inc. | Florida Corporation P98000064012 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
47. SAI FL HC4, Inc. | Florida Corporation P98000064009 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
48. SAI FL HC7, Inc. | Florida Corporation F86660 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
49. SAI Fort Myers B, LLC | Florida Limited Liability Company L08000116712 | BMW of Fort Myers MINI of Fort Myers | 15421 S. Tamiami Tr. Fort Myers, FL 13880 S. Tamiami Tr. Fort Myers, FL | SRE Florida – 1, LLC CARS (SON-064) | SRE Florida – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc.. | |||||||||||||||
50. SAI Fort Myers M, LLC | Florida Limited Liability Company L98000002089 | Mercedes-Benz of Fort Myers | 15461 S. Tamiami Tr. Fort Myers, FL | SRE Florida – 1, LLC | SRE Florida – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
51. SAI Fort Myers VW, LLC | Florida Limited Liability Company L08000116709 | Volkswagen of Fort Myers | 14060 S. Tamiami Tr. Fort Myers, FL | CAR SONFREE, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
52. SAI GA HC1, LLC | Georgia Limited Partnership 0224680 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
53. SAI Irondale Imports, LLC | Alabama Limited Liability Company 428-744 | Tom Williams Imports (BMW) Tom Williams Audi Tom Williams Porsche Land Rover Birmingham MINI of Birmingham Jaguar Birmingham | 1000 Tom Williams Way Irondale, AL 3001 Tom Williams Way Irondale, AL 3000 Tom Williams Way Irondale, AL 2001 Tom Williams Way Irondale, AL 1001 Tom Williams Way Irondale, AL 1314 Grants Mill Way Irondale, AL | SRE Alabama–2, LLC SRE Alabama–2, LLC SRE Alabama–2, LLC SRE Alabama–2, LLC | SRE Alabama–2, LLC is an indirect subsidiary of Sonic Automotive, Inc.. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
54. SAI Irondale L, LLC | Alabama Corporation DLL 662-073 | Tom Williams Lexus | 1001 Tom Williams Way Irondale, AL | SRE Alabama–2, LLC | ||||||||||||||||
55. SAI Long Beach B, Inc. | California Corporation C2998588 | Long Beach BMW Long Beach MINI | 2998 Cherry Ave. Signal Hill, CA 90755 1660 E. Spring Street Signal Hill, CA 90756 | Velma M. Robinett, Trustee of the Alda C. Jones Trust c/o Signal Hill Redevelopment Agency 2175 Cherry Ave. Signal Hill, CA 90806 | ||||||||||||||||
56. SAI McKinney M, LLC | Texas Limited Liability Company 802180025 | Mercedes-Benz of McKinney | 2080 North Central Expressway McKinney, TX 75069 | |||||||||||||||||
57. SAI MD HC1, Inc. | Maryland Corporation D05310776 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
58. SAI Monrovia B, Inc. | California Corporation C2979304 | BMW of Monrovia MINI of Monrovia Parking | 1425-1451 South Mountain Ave. Monrovia, CA 550 E. Huntington Drive Monrovia, CA | DMSA, LLC c/o Dennis D. and Charyl A. Assael, Trustees 222 Heliotrope Ave. Corona del Mar, CA 92625 Foothill Technology Center, LLC | ||||||||||||||||
59. SAI Montgomery B, LLC | Alabama Limited Liability Company 428-746 | BMW of Montgomery | 731 Eastern Blvd. Montgomery, AL | CARS – DB5, LP | ||||||||||||||||
60. SAI Montgomery BCH, LLC | Alabama Limited Liability Company 428-745 | Classic Buick GMC Cadillac | 833 Eastern Blvd. Montgomery, AL | Rouse Bricken, LLC | ||||||||||||||||
61. SAI Montgomery CH, LLC | Alabama Limited Liability Company 428-747 | Capitol Chevrolet Capitol Hyundai | 711 Eastern Blvd. Montgomery, AL 2820 Eastern Blvd. Montgomery, AL | CARS-DB5, LP CAR BSC L.L.C. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
62. SAI Nashville CSH, LLC | Tennessee Limited Liability Company 0336183 | Crest Cadillac Crest Saab | 2121 Rosa L. Parks Blvd. Nashville, TN | CAR SON MAS TN L.L.C. | ||||||||||||||||
63. SAI Nashville H, LLC | Tennessee Limited Liability Company 0336180 | Crest Honda | 2215 Rosa L. Parks Blvd. Nashville, TN | CAR SON MAS TN L.L.C. | ||||||||||||||||
64. SAI Nashville M, LLC | Tennessee Limited Liability Company 0336182 | Mercedes-Benz of Nashville smart center of Nashville | 630 Bakers Bridge Ave. Franklin, TN | BKB Properties LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
65. SAI Nashville Motors, LLC | Tennessee Limited Liability Company 0566970 | Audi Nashville Porsche of Nashville | 1576 Mallory Lane Brentwood, TN 1580 Mallory Lane Brentwood, TN | SRE Tennessee – 1, LLC SRE Tennessee – 2, LLC | SRE Tennessee – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. SRE Tennessee – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
66. SAI OK HC1, Inc. | Oklahoma Corporation 1900632183 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
67. SAI Orlando CS, LLC | Florida Limited Liability Company L08000116711 | Massey Cadillac [North] Massey Saab of Orlando Massey Cadillac South (Vehicle storage) | 4241 N. John Young Pkwy. Orlando, FL 8819 S. Orange Blossom Tr. Orlando, FL 1851 Landstreet Rd. Orlando, FL | CAR SON MAS, L.P. CAR SON MAS, L.P. Sonic Development, LLC | Sonic Development, LLC is a direct subsidiary of Sonic Automotive, Inc. | |||||||||||||||
68. SAI Peachtree, LLC | Georgia Limited Liability Company 12101436 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
69. SAI Pensacola A, LLC | Florida Limited Liability Company L15000038068 | Audi Pensacola | 6303 Pensacola Blvd. Penscaola FL |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
70. SAI Philpott T, LLC | Texas Limited Liability Company 802278062 | Philpott Toyota Philpott Scion | 2229 Highway 69 Nederland TX 77627 | |||||||||||||||||
71. SAI Rockville Imports, LLC | Maryland Limited Liability Company W12791083 | Rockville Audi Rockville Porsche-Audi Porsche of Rockville (Parking Lot) Vehicle Storage | 1125 Rockville Pike Rockville, MD 1542 & 1550 Rockville Pike Rockville, MD 1190 Rockville Pike Rockville, MD | SRE-Virginia 1, LLC 1500 Rockville Pike, LLC Everett A. Hellmuth, III | SRE-Virginia 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
72. SAI Roaring Fork LR, Inc. | Colorado Corporation 2014156978 | Land Rover Roaring Fork | 52876 Two Rivers Plaza Road Glenwood Springs CO | |||||||||||||||||
73. SAI Rockville L, LLC | Maryland Limited Liability Company W12796074 | Lexus of Rockville | 15501 & 15515 Frederick Rd. Rockville, MD 15814-A and B Paramount Dr. Rockville, MD | Royco, Inc. 8121 Georgia Ave. Suite 500 Silver Spring, MD 20910 Beltway Cable Services Inc. 15815 Paramount Dr. Rockville, MD 20855 |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
74. SAI Stone Mountain T, LLC | Georgia Limited Liability Company 0342795 | Stone Mountain Toyota Stone Mountain Scion | 4400 Stone Mountain Hwy Stone Mountain, GA | National Retail Properties, LP | ||||||||||||||||
75. SAI S. Atlanta JLR, LLC | Georgia Limited Liability Company 16070312 | Jaguar South Atlanta Land Rover South Atlanta | 3900 Jonesboro Rd. Union City GA 30291 | SRE Georgia 5, LLC | SRE Georgia 5, LLC is an affiliate of SAI S. Atlanta JLR, LLC | |||||||||||||||
76. SAI TN HC1, LLC | Tennessee Limited Liability Company 0336184 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
77. SAI TN HC2, LLC | Tennessee Limited Liability Company 0336185 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
78. SAI TN HC3, LLC | Tennessee Limited Liability Company 0336181 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
79. SAI VA HC1, Inc. | Virginia Corporation 07019870 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
80. SAI West Houston B, LLC | Texas Limited Liability Company 802152114 | BMW of West Houston | 20822 Katy Freeway Katy TX | |||||||||||||||||
81. Santa Clara Imported Cars, Inc. | California Corporation C0587296 | Honda of Stevens Creek Stevens Creek Honda – Offsite Vehicle Storage | 4590 Stevens Creek Blvd. San Jose, CA 1507 South 10th St. San Jose, CA | SRE California – 8 SCH, LLC 10th Street Land Management | SRE California – 8 SCH, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
82. Sonic – 2185 Chapman Rd., Chattanooga, LLC | Tennessee Limited Liability Company 0366281 | Economy Honda Superstore | 2135 Chapman Rd. Chattanooga, TN | Standefer Investment Company |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
83. Sonic Advantage PA, LLC | Texas Limited Liability Company 0803707771 | Porsche of West Houston Audi West Houston Momentum Luxury Cars | 11890 Katy Fwy. Houston, TX 11850 Katy Fwy., Houston, TX 15865 Katy Fwy. Houston, TX | SRE Texas – 2, LLC SRE Texas – 2, LLC | SRE Texas – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
84. Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | South Carolina Corporation | Century BMW Century MINI (Parking Lot) Century BMW Mini | 2750 Laurens Rd. Greenville, SC 17 Duvall and 2758 Laurens Rd. Greenville, SC 2930-2934 Laurens Rd. Greenville, SC | MMR Holdings, LLC Brockman Real Estate, LLC SRE South Carolina – 2, LLC | SRE South Carolina-2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
85. Sonic Automotive – 3401 N. Main, TX, LLC | Texas Limited Liability Company 0803707776 | Ron Craft Chevrolet Cadillac Baytown Auto Collision Center | 4114 Hwy. 10 E. Baytown, TX | CAR SON BAY, L.P. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
86. Sonic Automotive – 4701 I-10 East, TX, LLC | Texas Limited Liability Company 0803712341 | Baytown Ford | 4110 Hwy. 10 E. Baytown, TX | CAR SON BAY, L.P. | ||||||||||||||||
87. Sonic Automotive – 9103 E. Independence, NC, LLC | North Carolina Limited Liability Company 0470751 | Infiniti of Charlotte Infiniti of Charlotte Parking Lot | 9103 E. Independence Blvd. Matthews, NC 9009 E. Independence Blvd. Matthews, NC | MMR Holdings, LLC CAR SON CHAR L.L.C. | ||||||||||||||||
88. Sonic Automotive Aviation, LLC | North Carolina Limited Liability Company 1320781 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
89. Sonic Automotive F&I, LLC | Nevada Limited Liability Company LLC8620-1999 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
90. Sonic Automotive of Chattanooga, LLC | Tennessee Limited Liability Company 0336188 | BMW of Chattanooga | 6806 E. Brainerd Rd. Chattanooga, TN | 75 Pointe Centre Partners, LLC | ||||||||||||||||
91. Sonic Automotive of Nashville, LLC | Tennessee Limited Liability Company 0336186 | BMW of Nashville MINI of Nashville Parking | 4040 Armory Oaks Dr. Nashville, TN 4010 Armory Oaks Dr. Nashville, TN 1572 Mallory Lane Brentwood, TN 37027 | H.G. Hill Realty Company, LLC H.G. Hill Realty Company, LLC | ||||||||||||||||
92. Sonic Automotive of Nevada, Inc. | Nevada Corporation C18014-1997 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
93. Sonic Automotive of Texas, LLC | Texas Limited Liability Company 0803712331 | Lone Star Ford | 8477 North Fwy. Houston, TX | MMR Viking Investment Associates, LP |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
94. Sonic Automotive Support, LLC | Nevada Limited Liability Company LLC19412-2003 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||
95. Sonic Automotive West, LLC | Nevada Limited Liability Company LLC9139-1999 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||
96. Sonic-Buena Park H, Inc. | California Corporation C2356456 | Buena Park Honda - Employee Parking Buena Park Honda – Main Parking Vehicle Storage | 7697 Beach Blvd. Buena Park, CA 6411 Beach Blvd. Buena Park, CA 6841 Western Avenue Buena Park, CA 6291 Auto Center Drive Buena Park, CA | Abbott Investments Saltalamacchia Land Company Buena Park Masonic Temple Board Orange County Transportation Authority |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
97. Sonic – Integrity Dodge LV, LLC | Nevada Limited Liability Company LLC4879-1999 | N/A | N/A | N/A | ||||||||||||||||
98. Sonic Calabasas M, Inc. | California Corporation C2975101 | Mercedes-Benz of Calabasas Parking | 24181 Calabasas Rd. Calabasas, CA 91302 Parking lot north of and abutting above address containing 20,036 square feet, more or less 21800 Oxnard Street Woodland Hills, CA | Arthur D’Egidio and Assunta D’Egidio, as Trustees of the D’Egidio Trust dated May 13, 1985 and Maria A. D’Egidio, as Trustee of the D’Egidio Trust dated April 29, 1985 17401 Gresham St. Northridge, CA 91325 City of Calabasas, California 26135 Mureau Rd. Calabasas, CA 91302 Attn: City Manager Ampco System Parking |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
99. Sonic-Clear Lake Volkswagen, LLC | Texas Limited Liability Company 0803712287 | Momentum Volkswagen of Clear Lake | 15100 Gulf Fwy. Houston, TX | CARS-DB4, LP | ||||||||||||||||
100. Sonic – Denver T, Inc. | Colorado Corporation 20021350687 | Mountain States Toyota and Scion Mountain States Toyota | 201 W. 70th Ave. Denver, CO | SRE Colorado – 1, LLC | SRE Colorado – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
101. Sonic Development, LLC | North Carolina Limited Liability Company 0483658 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
102. Sonic Divisional Operations, LLC | Nevada Limited Liability Company LLC26157-2004 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | Nevada Speedway, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
103. Sonic - Fort Worth T, LLC | Texas Limited Liability Company 0803726979 | Toyota of Fort Worth Scion of Fort Worth Main Used Car | 9001 Camp Bowie W. Fort Worth, TX 8901 US Hwy 80 West Fort Worth, TX | SON MCKNY II, L.P. SON MCKNY II, L.P. | ||||||||||||||||
104. Sonic - Harbor City H, Inc. | California Corporation C2356454 | Carson Honda | 1435 E. 223rd St. Carson, CA | ENRI 2, LLC | ||||||||||||||||
105. Sonic Houston JLR, LLC | Texa Limited Liability Company 0803707781 | Jaguar Houston North Land Rover Houston North | 18205 Interstate 45 N Houston, TX | SRE Texas – 1, LLC | SRE Texas – 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
106. Sonic Houston LR, LLC | Texas Limited Liability Company 0803707788 | Land Rover Houston Central Jaguar Houston Central | 7019 Old Katy Rd. Houston, TX 7025 Old Katy Rd. Houston, TX | Capital Automotive, LP SRE Texas – 7, LLC | SRE Texas – 7, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
107. Sonic - Houston V, LLC | Texas Limited Liability Company 0803712226 | Volvo of Houston (Body Shop) | 11950 Old Katy Rd. Houston, TX 1321 Sherwood Forest Dr. Houston, TX | Mark Miller, Trustee Mark Miller, Trustee | ||||||||||||||||
108. Sonic-Jersey Village Volkswagen, LLC | Texas Limited Liability Company 0803712317 | Momentum Volkswagen of Jersey Village Parking | 19550 Northwest Fwy. Houston, TX 11411 FM 1960 Road West Houston, TX | CAR 2 MOM, LP Cyfair Developments, LP | ||||||||||||||||
109. Sonic - Las Vegas C West, LLC | Nevada Limited Liability Company LLC7434-2000 | Cadillac of Las Vegas Cadillac of Las Vegas - West | 5185 W. Sahara Ave. Las Vegas, NV | SRE Nevada – 2, LLC | SRE Nevada – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
110. Sonic - LS Chevrolet, LLC | Texas Limited Liability Company 0803707733 | Lone Star Chevrolet Lone Star Chevrolet Parking Lot | 18800 & 18900 North Fwy. and 9110 N. Eldridge Parkway, Houston, TX 18990 Northwest Fwy. Houston, TX | CARS-DB4, L.P. CAR SON STAR, L.P. | ||||||||||||||||
111. Sonic - LS, LLC | Delaware Limited Liability Company 3440418 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
112. Sonic - Lute Riley, LLC | Texas Limited Liability Company 0803707761 | Lute Riley Honda (Body Shop) Storage Storage Service/Car Wash | 1331 N. Central Expy. Richardson, TX 13561 Goldmark Dr. Richardson, TX 331 Melrose Drive Richardson, TX 816 S. Sherman Street Richardson, TX 820 S. Sherman Street Richardson, TX | MMR Viking Investment Associates, LP CARS (SON-105) CCI-Melrose 1, L.P. HLN Enterprises, Inc. A. Kenneth Moore |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
113. Sonic Momentum B, LLC | Texas Limited Liability Company 0803710696 | Momentum BMW Momentum MINI (Momentum BMW/MINI Body Shop) Momentum BMW (West) Momentum BMW West - Parking Momentum Collision Center | 10000 Southwest Fwy. Houston, TX 10002 Southwest Fwy. Houston, TX 9911 Centre Pkwy. Houston, TX 15865 Katy Fwy. Houston, TX 11777 Katy Fwy. Houston, TX | CARS CNI-2, LP CARS CNI-2, L.P. RMC AutoSonic BMWN, L.P. Kirkwood Partners, LP | ||||||||||||||||
114. Sonic Momentum JVP, LLC | Texas Limited Liability Company 0803707794 | Jaguar Southwest Houston Land Rover Southwest Houston Momentum Volvo Momentum Porsche | 10150 Southwest Fwy. Houston, TX 10155 Southwest Fwy. Houston, TX | CARS CNI-2, LP SRE Texas – 3, LLC | SRE Texas – 3, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
115. Sonic Momentum VWA, LLC | Texas Limited Liability Company 0803707807 | Momentum Volkswagen Audi Central Houston Certified Pre-Owned Sales Momentum Audi Momentum Audi Back Lot (Storage) Momentum Audi – Parking Momentum Audi – Parking Momentum Audi – Service Center Momentum Audi – Parking Garage Momentum Audi – Parking Momentum Audi – Parking Garage | 2405 Richmond Ave. Houston, TX 2309 Richmond Ave. Houston, TX 3717-3725 Revere St. Houston, TX 2401 Portsmouth Houston, TX 2211 Norfolk Street Houston, TX 2120 Southwest Fwy. Houston, TX 3131 Richmond Ave., Houston, TX 3120 Southwest Freeway, Houston, TX 3847 Farnham St, Houston, TX 2211 Norfolk St, Houston, TX | RMC Auto Sonic VWA, LP RMC Auto Sonic VWA, LP La Mesa Properties Limited La Mesa Properties Limited The Realty Associates Fund IX, LP 3131 Richmond, LLC and 3 Lot Pieces, LLC Plaza at Audley, LLC Eastern Diversified, LP Norfolk Tower, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
116. Sonic of Texas, Inc. | Texas Corporation 150782300 | 4401 Colwick Rd. Charlotte, NC | ||||||||||||||||||
117. Sonic Resources, Inc. | Nevada Corporation C24652-2001 | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||||||||||||||
118. Sonic - Richardson F, LLC | Texas Limited Liability Company 0803712249 | North Central Ford | 1819 N. Central Expy. Richardson, TX | SRE Texas 10, LLC | SRE Texas 10, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
119. Sonic Santa Monica M, Inc. | California Corporation C2727452 | W.I. Simonson (Service) (Parking) | 1626 Wilshire Blvd. Santa Monica, CA 1330 Colorado Ave. Santa Monica, CA 1215 – 17th St. Santa Monica, CA 1415 Euclid & 1308 Santa Monica Blvd. Santa Monica, CA | 17th & Wilshire Partnership Investment Co. of Santa Monica 7R Apartments Frances M. Rehwald, Trustee, Frances M. Rehwald Family Trust |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
Parking Office Parts/Service | 11766 Wilshire Blvd. Santa Monica, CA 1301 Santa Monica Blvd. Santa Monica, CA 1337 Euclid Street Santa Monica, CA | Judith A. Richards, Trustee, Judity a. Richards Separate Property Trust William J.S. Rehwald, Trustee, William J.S. Rehwald Separate Property Trust Frances M. Rehwald, Judith a. Richards, William J.S. Rehwald, Trustees, Mary F. Rehwald Separate Property Trust Ampco System Parking Sully Three SM, LLC Sully Three SM, LLC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
120. Sonic - Shottenkirk, Inc. | Florida Corporation P99000043291 | Pensacola Honda | 5600 Pensacola Blvd. Pensacola, FL | MMR Holdings, LLC | ||||||||||||||||
121. Sonic - Stevens Creek B, Inc. | California Corporation C0723787 | Stevens Creek BMW | 4343 Stevens Creek Blvd. San Jose, CA 4333 Stevens Creek Blvd. San Jose, CA | SRE California – 7 SCB, LLC SRE California – 7 SCB, LLC | SRE California – 7 SCB, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
122. Sonic Walnut Creek M, Inc. | California Corporation C2508517 | Mercedes-Benz of Walnut Creek (Jensen Lease - Service) (Parking Lot) Parking Parking | 1301 Parkside Dr. Walnut Creek, CA 1360 Pine St. Walnut Creek, CA 1300 Pine St. Walnut Creek, CA 2650 Cloverdale Avenue Concord, CA 2198 N. Main Street Walnut Creek, CA | Stead Leasing, Inc. Peter C. Jensen, Trustee of the Peter Cole Jensen and Sharon A. Jensen Living Trust dated December 23, 1986 Testamentary Trust of Paul W. Muller Robert M. Sherman 2002 Frederick D. Wertheim Revocable Trust | ||||||||||||||||
123. SRE Alabama - 2, LLC | Alabama Limited Liability Company 670-275 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
124. SRE Alabama-5, LLC | Alabama Limited Liability Company DLL 691-622 | N/A | N/A | N/A | N/A | |||||||||||||||
125. SRE California - 1, LLC | California Limited Liability Company 200202910110 | N/A | N/A | N/A | N/A | |||||||||||||||
126. SRE California – 2, LLC | California Limited Liability Company 200202910111 | N/A | N/A | N/A | N/A | |||||||||||||||
127. SRE California – 3, LLC | California Limited Liability Company 200202810141 | N/A | N/A | N/A | N/A | |||||||||||||||
128. SRE California – 5, LLC | California Limited Liability Company 200203110006 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
129. SRE California – 6, LLC | California Limited Liability Company 200203110007 | N/A | N/A | N/A | N/A | |||||||||||||||
130. SRE California -7 SCB, LLC | California Limited Liability Company 201033410181 | N/A | N/A | N/A | N/A | |||||||||||||||
131. SRE California – 8 SCH, LLC | California Limited Liability Company 201033510021 | N/A | N/A | N/A | N/A | |||||||||||||||
132. SRE California – 9 BHB, LLC | California Limited Liability Company 201126410082 | N/A | N/A | N/A | N/A | |||||||||||||||
133. SRE California 10 LBB, LLC | California Limited Liability Company 201413910313 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
134. SRE Colorado - 1, LLC | Colorado Limited Liability Company 20021330518 | N/A | N/A | N/A | N/A | |||||||||||||||
135. SRE Colorado – 2, LLC | Colorado Limited Liability Company 20021330523 | N/A | N/A | N/A | N/A | |||||||||||||||
136. SRE Colorado – 3, LLC | Colorado Limited Liability Company 20021330530 | N/A | N/A | N/A | N/A | |||||||||||||||
137. SRE Colorado – 4 RF, LLC | Colorado Limited Liability Company 20141516951 | N/A | N/A | N/A | N/A | |||||||||||||||
138. SRE Colorado – 5 CC, LLC | Colorado Limited Liability Company 201415486855 | 2876 Two Rivers Plaza Road Glenwood Springs CO | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
139. SRE Florida - 1, LLC | Florida Limited Liability Company L00000006050 | N/A | N/A | N/A | N/A | |||||||||||||||
140. SRE Georgia – 4, LLC | Georgia Limited Liability Company 11091238 | N/A | N/A | N/A | N/A | |||||||||||||||
141. SRE Holding, LLC | North Carolina Limited Liability Company 0551475 | N/A | N/A | N/A | N/A | |||||||||||||||
142. SRE Maryland – 1, LLC | Maryland Limited Liability Company 200162227 | N/A | N/A | N/A | N/A | |||||||||||||||
143. SRE Nevada – 2, LLC | Nevada Limited Liability Company LLC5021-2000 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
144. SRE North Carolina – 2, LLC | North Carolina Limited Liability Company 0682830 | N/A | N/A | N/A | N/A | |||||||||||||||
145. SRE North Carolina – 3, LLC | North Carolina Limited Liability Company 0682833 | N/A | N/A | N/A | N/A | |||||||||||||||
146. SRE Ohio 1, LLC | Ohio Limited Liability Company 2146293 | N/A | N/A | N/A | N/A | |||||||||||||||
147. SRE Ohio 2, LLC | Ohio Limited Liability Company 2146292 | N/A | N/A | N/A | N/A | |||||||||||||||
148. SRE Oklahoma -2, LLC | Oklahoma Limited Liability Company 3500697105 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
149. SRE South Carolina – 2, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||
150. SRE South Carolina-3, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||
151. SRE South Carolina – 4, LLC | South Carolina Limited Liability Company N/A | N/A | N/A | N/A | N/A | |||||||||||||||
152. SRE Tennessee – 1, LLC | Tennessee Limited Liability Company 000390360 | N/A | N/A | N/A | N/A | |||||||||||||||
153. SRE Tennessee – 2, LLC | Tennessee Limited Liability Company 000390358 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
154. SRE Tennessee – 3, LLC | Tennessee Limited Liability Company 000390359 | N/A | N/A | N/A | N/A | |||||||||||||||
155. SRE Tennessee-4, LLC | Tennessee Limited Liability Company 0450279 | N/A | N/A | N/A | N/A | |||||||||||||||
156. SRE Tennessee – 5, LLC | Tennessee Limited Liability Company 000450278 | N/A | N/A | N/A | N/A | |||||||||||||||
157. SRE Tennessee – 6, LLC | Tennessee Limited Liability Company 000797947 | N/A | N/A | N/A | N/A | |||||||||||||||
158. SRE Tennessee 7, LLC | Tennessee Limited Liability Company 000959852 | N/A | 6001 Lee Highway, Chattanooga, TN 37421 | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
159. SRE Texas – 1, LLC | Texas Limited Liability Company 0803712346 | N/A | N/A | N/A | N/A | |||||||||||||||
160. SRE Texas – 2, LLC | Texas Limited Liability Company 0803712368 | N/A | N/A | N/A | N/A | |||||||||||||||
161. SRE Texas – 3, LLC | Texas Limited Liability Company 0803712408 | N/A | N/A | N/A | N/A | |||||||||||||||
162. SRE Texas – 4, LLC | Texas Limited Liability Company 0803712412 | N/A | N/A | N/A | N/A | |||||||||||||||
163. SRE Texas – 5, LLC | Texas Limited Liability Company 0803712417 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
164. SRE Texas – 6, LLC | Texas Limited Liability Company 0803712425 | N/A | N/A | N/A | N/A | |||||||||||||||
165. SRE Texas – 7, LLC | Texas Limited Liability Company 0803712430 | N/A | N/A | N/A | N/A | |||||||||||||||
166. SRE Texas – 8, LLC | Texas Limited Liability Company 0803712434 | N/A | N/A | N/A | N/A | |||||||||||||||
167. SRE Texas 9, LLC | Texas Limited Liability Company 801419276 | N/A | N/A | N/A | N/A | |||||||||||||||
168. SRE Texas 10, LLC | Texas Limited Liability Company 801675082 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
169. SRE Texas 11, LLC | Texas Limited Liability Company 801723757 | N/A | N/A | N/A | N/A | |||||||||||||||
170. SRE Texas 12, LLC | Texas Limited Liability Company 801807250 | N/A | N/A | N/A | N/A | |||||||||||||||
171. SRE Texas 13, LLC | Texas Limited Liability Company 13-802180003 | N/A | N/A | N/A | N/A | |||||||||||||||
172. SRE Texas 14, LLC | Texas Limited Liability Company 14-802402987 | N/A | N/A | N/A | N/A | |||||||||||||||
173. SRE Texas 15, LLC | Texas Limited Liability Company 15-802570108 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
174. SRE Virginia – 1, LLC | Virginia Limited Liability Company 5050246-0 | N/A | N/A | N/A | N/A | |||||||||||||||
175. SRE Virginia – 2, LLC | Virginia Limited Liability Company S1012154 | N/A | N/A | N/A | N/A | |||||||||||||||
176. Town and Country Ford, Incorporated | North Carolina Corporation 0148959 | Town and County Ford | 5401 E. Independence Blvd. Charlotte, NC | SRE North Carolina - 2, LLC | SRE North Carolina - 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. | |||||||||||||||
177. EchoPark Automotive, Inc. | Delaware Corporation 5387434 | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
178. TT Denver, LLC | Colorado Limited Liability Company 20131462193 | 500 E. 104th Ave Thornton, CO 10330 Grant Ave Thornton, CO 80229 10401 E. Arapahoe Rd Centennial, CO 1500 E. County Line Rd Highlands Ranch, CO 13412 West Coal Mine Ave. Littleton, CO 80127 9575 E. 40th Ave. Denver, CO 80230 | TTRE CO 1, LLC TTRE CO 1, LLC TTRE CO 1, LLC TTRE CO 1, LLC | TTRE CO 1, LLC is an indirect subsidiary of Sonic Automotive, Inc. | ||||||||||||||||
179. TTRE CO 1, LLC | Colorado Limited Liability Company 20131504490 | N/A | N/A | N/A | N/A |
I. Name | II. Jurisdiction of Formation/ Form of Equity/I.D. Number | III. Address of Chief Executive Office | IV. Trade Names, Trade Styles, Fictitious Names and “d/b/a” Names | V. Collateral Locations | VI. Name and address of Owner of Collateral Location (if other than Grantor) | VII. Relationship of Persons listed in VI to Grantor (e.g., lessor, warehousemen) | ||||||||||||||
180. Windward, Inc. | Hawaii Corporation 41788D1 | Honda of Hayward (Service) Ground Lease (Sales) (Vehicle Display) (Vehicle Storage) Ground Lease (Sales) | 24895 Mission Blvd. Hayward, CA 24947-24975 Mission Blvd. Hayward, CA 24919 Mission Blvd. Hayward, CA 900 Fletcher Ln. Hayward, CA 24933 Mission Blvd. Hayward, CA | SRE California – 2, LLC Barbara Harrison and Marie Hinton, Trustee of the Marie Hinton Revocable Trust SRE California – 2, LLC SRE California – 2, LLC Paul Y. Fong | SRE California – 2, LLC is an indirect subsidiary of Sonic Automotive, Inc. |
Name of Entity | Ownership | ||||||||||
Sonic Automotive, Inc. | |||||||||||
AM Realty GA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
AnTrev, LLC | Member: SRE Holding, LLC - 100% | ||||||||||
Arngar, Inc. | Sonic Automotive, Inc. - 100%, 1,333 shares | ||||||||||
Autobahn, Inc. | L Dealership Group, LLC – 100%, 400,000 shares | ||||||||||
Avalon Ford, Inc. | Sonic Automotive, Inc. – 100% - 4,164 shares | ||||||||||
Car Cash of North Carolina, Inc. | Sonic Automotive, Inc. – 100% - 100 shares | ||||||||||
Cornerstone Acceptance Corporation | Sonic Automotive, Inc. – 100% - 100 shares | ||||||||||
EchoPark AZ, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark CA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark Driver Education, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark FL, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark GA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark MD, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark NC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark SC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark TN, LLC | Member: EchoPark Automotive, Inc. - 100% |
Name of Entity | Ownership | ||||||||||
EchoPark TX, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark Realty AZ, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark Realty CA, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EchoPark Realty TX, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EP Realty MD, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EP Realty NC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
EP Realty SC, LLC | Member: EchoPark Automotive, Inc. - 100% | ||||||||||
FAA Beverly Hills, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Capitol N, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Concord H, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Concord T, Inc. | FirstAmerica Automotive, LLC – 100%, 1,000 shares | ||||||||||
FAA Dublin N, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Dublin VWD, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Holding LLC | Member: FirstAmerica Automotive, LLC – 100% | ||||||||||
FAA Las Vegas H, Inc. | FAA Holding LLC – 100%, 10,000 shares | ||||||||||
FAA Poway H, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Poway T, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA San Bruno, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Santa Monica V, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Serramonte H, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Serramonte L, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Serramonte, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FAA Stevens Creek, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares |
Name of Entity | Ownership | ||||||||||
FAA Torrance CPJ, Inc. | FirstAmerica Automotive, LLC – 100%, 10,000 shares | ||||||||||
FirstAmerica Automotive, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
Fort Mill Ford, Inc. | Sonic Automotive, Inc. – 100%, 2,700 shares | ||||||||||
Franciscan Motors, Inc. | L Dealership Group, LLC – 100%, 700,000 shares | ||||||||||
Frontier Oldsmobile Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 200 shares | ||||||||||
Kramer Motors Incorporated | FAA Holding LLC – 100%, 250 shares | ||||||||||
L Dealership Group, LLC | Member: FAA Holding LLC – 100% | ||||||||||
Marcus David Corporation | Sonic Automotive, Inc. – 100%, 579,000 shares | ||||||||||
Massey Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Mountain States Motors Co., Inc. | Sonic Automotive, Inc. – 100%, 30,000 shares | ||||||||||
Ontario L, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Philpott Motors, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SAI AL HC1, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI AL HC2, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI Ann Arbor Imports, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
SAI Atlanta B, LLC | Member: SAI OK HC1, Inc. 100% | ||||||||||
SAI Broken Arrow C, LLC | Member: SAI OK HC1, Inc. 100% | ||||||||||
SAI Calabasas A, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
SAI Chamblee V, LLC | Member: SAI Peachtree, LLC 100% | ||||||||||
SAI Charlotte M, LLC | Member: Sonic Automotive, Inc. - 100% | ||||||||||
SAI Chattanooga N, LLC | Member: SAI TN HC1, LLC - 100% | ||||||||||
SAI Clearwater T, LLC | Member: SAI FL HC2, Inc. 100% | ||||||||||
SAI Cleveland N, LLC | Member: SAI TN HC1, LLC - 100% |
Name of Entity | Ownership | ||||||||||
SAI Columbus Motors, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
SAI Columbus T, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
SAI Columbus VWK, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
SAI Conroe N, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
SAI Denver B, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI Denver C, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI Denver M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI DS, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
SAI DS Realty TX, LLC | Member: SAI DS, LLC 100% | ||||||||||
SAI Fairfax B, LLC | Member: SAI VA HC1, Inc. 100% | ||||||||||
SAI FL HC1, Inc | Sonic Automotive, Inc. 100% - 100 shares | ||||||||||
SAI FL HC2, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI FL HC3, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI FL HC4, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI FL HC7, Inc. | Sonic Automotive, Inc. – 100%, 500 shares | ||||||||||
SAI Fort Myers B, LLC | Member: SAI FL HC2, Inc. 100% | ||||||||||
SAI Fort Myers H, LLC | Member: SAI FL HC4, Inc. 100% | ||||||||||
SAI Fort Myers M, LLC | Member: SAI FL HC7, Inc. 100% | ||||||||||
SAI Fort Myers VW, LLC | Member: SAI FL HC4, Inc. 100% | ||||||||||
SAI GA HC1, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||||||||
SAI Irondale Imports, LLC | Member: SAI AL HC2, Inc. 100% | ||||||||||
SAI Irondale L, LLC | Member: SAI AL HC2, Inc. 100% | ||||||||||
SAI Long Beach B, Inc. | Sonic Automotive, Inc. – 100%, 100 shares |
Name of Entity | Ownership | ||||||||||
SAI McKinney M, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
SAI MD HC1, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI Monrovia B, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
SAI Montgomery B, LLC | Member: SAI AL HC1, Inc. 100% | ||||||||||
SAI Montgomery BCH, LLC | Member: SAI AL HC1, Inc. 100% | ||||||||||
SAI Montgomery CH, LLC | Member: SAI AL HC1, Inc. 100% | ||||||||||
SAI Nashville CSH, LLC | Member: SAI TN HC1, LLC 100% | ||||||||||
SAI Nashville H, LLC | Member: SAI TN HC3, LLC 100% | ||||||||||
SAI Nashville M, LLC | Member: SAI TN HC1, LLC 100% | ||||||||||
SAI Nashville Motors, LLC | Member: SAI TN HC2, LLC 100% | ||||||||||
SAI OK HC1, Inc. | Sonic Automotive, Inc. – 25%, 100 shares Sonic Automotive of Nevada, Inc. – 75%, 300 shares | ||||||||||
SAI Oklahoma City C, LLC | Member: SAI OK HC1, Inc. – 100% | ||||||||||
SAI Oklahoma City H, LLC | Member: SAI OK HC1, Inc. – 100% | ||||||||||
SAI Oklahoma City T, LLC | Member: SAI OK HC1, Inc. – 100% | ||||||||||
SAI Orlando CS, LLC | Member: SAI FL HC3, Inc. 100% | ||||||||||
SAI Peachtree, LLC | Member: SAI GA HC1, LLC 100% | ||||||||||
SAI Pensacola A, LLC | Member: SAI FL HC2, Inc. - 100% | ||||||||||
SAI Riverside C, LLC | Member: SAI OK HC1, Inc. – 100% | ||||||||||
SAI Philpott T, LLC | Member: Sonic Automotive, Inc.- 100% | ||||||||||
SAI Roaring Fork LR, Inc. | Sonic Automotive, Inc.- 100% - 100 shares | ||||||||||
SAI Rockville Imports, LLC | Member: SAI MD HC1, Inc. 100% | ||||||||||
SAI Rockville L, LLC | Member: SAI MD HC1, Inc. - 100% | ||||||||||
SAI Santa Clara K, Inc.. | Sonic Automotive, Inc.- 100% - 100 shares |
Name of Entity | Ownership | ||||||||||
SAI S. Atlanta JLR, LLC | Member: SAI GA HC1, LLC - 100% | ||||||||||
SAI SIC, Inc. | Sonic Automotive, Inc.- 100% - 100 shares | ||||||||||
SAI Stone Mountain T, LLC | Member: SAI GA HC1, LLC 100% | ||||||||||
SAI TN HC1, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||||||||
SAI TN HC2, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||||||||
SAI TN HC3, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||||||||
SAI Tulsa N, LLC | Member: SAI OK HC1, Inc. 100% | ||||||||||
SAI Tulsa T, LLC | Member: SAI OK HC1, Inc. 100% | ||||||||||
SAI Tysons Corner H, LLC | Member: SAI VA HC1, Inc. 100% | ||||||||||
SAI Tysons Corner I, LLC | Member: SAI VA HC1, Inc. 100% | ||||||||||
SAI VA HC1, Inc. | Sonic Automotive, Inc. - 100%, 100 shares | ||||||||||
SAI Vehicle Subscription, Inc. | Sonic Automotive, Inc. - 100%, 100 shares | ||||||||||
SAI VS GA, LLC | Member: SAI Vehicle Subscription, Inc. 100% | ||||||||||
SAI VS TX, LLC | Member: SAI Vehicle Subscription, Inc. 100% | ||||||||||
SAI West Houston B, LLC | Member: Sonic Momentum B, L.P. - 100% | ||||||||||
Santa Clara Imported Cars, Inc. | L Dealership Group, LLC – 100%, 1,082 shares | ||||||||||
Sonic–2185 Chapman Rd., Chattanooga, LLC | Member: Sonic Automotive of Nevada, Inc. – 100% | ||||||||||
Sonic – Cadillac D, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Calabasas M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Calabasas V, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – Camp Ford, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||||||||
Sonic – Carrollton V, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% |
Name of Entity | Ownership | ||||||||||
Sonic – Carson F, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – Denver T, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – Downey Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – Fort Mill Chrysler Jeep, Inc. | Sonic Automotive, Inc. – 100%, 1,000 shares | ||||||||||
Sonic – Fort Mill Dodge, Inc. | Sonic Automotive, Inc. – 100%, 1,000 shares | ||||||||||
Sonic – Fort Worth T, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic – Frank Parra Autoplex, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||||||||
Sonic – Harbor City H, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – Houston V, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic - Integrity Dodge LV, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
Sonic – Lake Norman Chrysler Jeep, LLC | Member: Sonic Automotive, Inc. – 100% | ||||||||||
Sonic - Las Vegas C West, LLC | Member: Sonic Automotive, Inc. | 100% | |||||||||
Sonic – Lloyd Nissan, Inc. | Sonic Automotive, Inc. - 100% - 100 shares | ||||||||||
Sonic – Lloyd Pontiac - Cadillac, Inc. | Sonic Automotive, Inc. - 100% - 100 shares | ||||||||||
Sonic – Lone Tree Cadillac, Inc. | Sonic Automotive, Inc. - 100% - 100 shares | ||||||||||
Sonic – LS Chevrolet, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic – LS, LLC | Member: Sonic of Texas, Inc. 100% | ||||||||||
Sonic - Lute Riley, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic – Massey Cadillac, L.P | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||||||||
Sonic – Massey Chevrolet, Inc. | Sonic Automotive, Inc. – 100%, 100 shares |
Name of Entity | Ownership | ||||||||||
Sonic – Mesquite Hyundai, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||||||||
Sonic - Newsome Chevrolet World, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic - Newsome of Florence, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – North Charleston Dodge, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – North Charleston, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic – Richardson F, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic – Sanford Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic - Shottenkirk, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic - Stevens Creek B, Inc. | L Dealership Group, LLC – 100%, 300,000 shares | ||||||||||
Sonic – Williams Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Advantage PA, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Automotive – 1720 Mason Ave, DB, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Automotive – 1720 Mason Ave, DB, LLC | Member: Sonic Automotive – 1720 Mason Ave, DB, Inc. – 100% | ||||||||||
Sonic Automotive – 2490 South Lee Highway, LLC | Member: Sonic Automotive of Nevada, Inc. – 100% | ||||||||||
Sonic Automotive - 3401 N. Main, TX, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Automotive - 4701 I-10 East, TX, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Automotive – 6008 N. Dale Mabry, FL, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||||||||
Sonic Automotive-9103 E. Independence, NC, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic Automotive 2424 Laurens Rd., Greenville, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||||||||
Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | Sonic Automotive, Inc. 100%, 100 shares | ||||||||||
Sonic Automotive Aviation, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic Automotive F&I, LLC | Member: Sonic Automotive, Inc. 100% |
Name of Entity | Ownership | ||||||||||
Sonic Automotive of Chattanooga, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||||||||
Sonic Automotive of Nashville, LLC | Member: Sonic Automotive of Nevada, Inc. 100% | ||||||||||
Sonic Automotive of Nevada, Inc. | Sonic Automotive, Inc. – 100%, 1,000 shares | ||||||||||
Sonic Automotive of Texas, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Automotive Support, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic Automotive West, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic Automotive 1495 Automall Drive, Columbus, Inc. | Sonic Automotive, Inc. 100% - shares | ||||||||||
Sonic Clear Lake N, L.P. | Partners: Sonic of Texas, Inc., general partner 1% Sonic Automotive of Nevada, Inc., limited partner 99% | ||||||||||
Sonic Development, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic Divisional Operations, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic eStore, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic FFC 1, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic FFC 2, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic FFC 3, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Fremont, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Houston JLR, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Houston LR, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Momentum B, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Momentum JVP, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic Momentum VWA, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic of Texas, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Resources, Inc. | Sonic Automotive, Inc. – 100%, 100 shares |
Name of Entity | Ownership | ||||||||||
Sonic Santa Monica M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Santa Monica S, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Walnut Creek M, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic Wilshire Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic-Buena Park H, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic-Calabasas A, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic-Capitol Cadillac, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic-Carson LM, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic-Capitol Imports, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
Sonic-Clear Lake Volkswagen, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic-Jersey Village Volkswagen, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
Sonic-Plymouth Cadillac, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||||||||
Sonic-Volvo LV, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
Sonic-West Covina T, Inc. | Sonic Automotive, Inc. 100% - 100 shares | ||||||||||
SRE Alabama–2, LLC | Member: SRE Holding, LLC 100% | ||||||||||
SRE Alabama-5, LLC | Member: SRE Holding, LLC 100% | ||||||||||
SRE Alabama 6, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 1, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California–2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 3, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 4, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 5, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 6, LLC | Member: SRE Holding LLC 100% |
Name of Entity | Ownership | ||||||||||
SRE California – 7 SCB, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 8, SCH, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California – 9 BHB, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California 10 LBB, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE California 11 PH, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Colorado – 1, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Colorado – 2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Colorado – 3, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Colorado – 4 RF, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Colorado – 5 CC, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Florida – 1, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Florida – 2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Georgia 4, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Georgia 5, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Georgia 6, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Holding, LLC | Member: Sonic Automotive, Inc. 100% | ||||||||||
SRE Maryland – 1, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Nevada–2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE North Carolina – 2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE North Carolina – 3, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Ohio 1, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Ohio 2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Oklahoma-1, LLC | Member: SRE Holding LLC 100% |
Name of Entity | Ownership | ||||||||||
SRE Oklahoma-2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Oklahoma–5, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE South Carolina–2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE South Carolina – 3, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE South Carolina – 4, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee – 1, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee – 2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee – 3, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee-4, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee-5, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee 6, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee 7, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Tennessee 8, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Texas – 1, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 2, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 3, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 4, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 5, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 6, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 7, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas – 8, LLC | Member: Sonic Automotive of Nevada, Inc. - 100% | ||||||||||
SRE Texas 9, LLC | Member: SRE Holdings LLC 100% | ||||||||||
SRE Texas 10, LLC | Member: SRE Holdings LLC 100% |
Name of Entity | Ownership | ||||||||||
SRE Texas 11, LLC | Member: SRE Holdings LLC 100% | ||||||||||
SRE Texas 12, LLC | Member: SRE Holdings LLC 100% | ||||||||||
SRE Texas 13, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Texas 14, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Texas 15, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Texas 16, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Texas 17, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRE Virginia – 1, LLC | Member: SRE Holdings LLC 100% | ||||||||||
SRE Virginia – 2, LLC | Member: SRE Holding LLC 100% | ||||||||||
SRM Assurance, Ltd. | Sonic Automotive, Inc. – 100%, 5,000 shares | ||||||||||
Stevens Creek Cadillac, Inc. | L Dealership Group, LLC – 100%, 230,000 shares | ||||||||||
Town and Country Ford, Incorporated | Sonic Automotive, Inc. – 100%, 471.25 shares | ||||||||||
EchoPark Automotive, Inc. | Sonic Automotive, Inc. – 100%, 100 shares | ||||||||||
TT Denver, LLC | Member: EchoPark Automotive, Inc. 100% | ||||||||||
TTRE CO 1, LLC | Member: EchoPark Automotive, Inc. 100% | ||||||||||
Windward, Inc. | L Dealership Group, LLC – 100%, 140,500 shares |
Name of Entity | Ownership | ||||
North Point Imports, LLC | Members: SAI Peachtree, LLC – 50% Chris Auto Group, LLC 50% |
I. Name | II. Collateral Locations | |||||||
1 | Sonic Automotive, Inc. | 4401 Colwick Rd. Charlotte, NC In addition to the locations listed below, books and records for all entities are located at 4401 Colwick Rd., Charlotte, NC. | ||||||
2 | EchoPark GA, LLC | 8805 Abercorn Street Savannah GA 31406 | ||||||
3 | AM Realty GA, LLC | |||||||
4 | AnTrev, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
5 | Arngar, Inc. | 10725 Pineville Rd. Pineville, NC | ||||||
6 | 1.Autobahn, Inc. | 700 Island Pkwy. Belmont, CA Beneath Island Pkwy. north of Ralston Ave. Belmont, CA East of Island Pkwy. and north of Ralston Ave. Belmont, CA 500-510 Harbor Blvd. Belmont, CA 1315 Elmer St. Belmont, CA Elmer Street Lot Belmont, CA | ||||||
7 | EchoPark AZ, LLC | Not yet known | ||||||
8 | EchoPark CA, LLC | 2998 Cherry Avenue Signal Hill, CA 90755 | ||||||
9 | EchoPark Realty CA, LLC | N/A | ||||||
10 | EchoPark FL, LLC | 4636 N. Dale Mabry Hwy Tampa, FL 33614 |
I. Name | II. Collateral Locations | |||||||
11 | EchoPark NC, LLC | 13231 Statesville Road Huntersville, NC 28078 | ||||||
12 | EchoPark SC, LLC | 107 Duvall Drive Greenville, SC 29067 | ||||||
13 | EchoPark TX, LLC | |||||||
14 | EchoPark Realty TX, LLC | |||||||
15 | EP Realty NC, LLC | |||||||
16 | EP Realty SC, LLC | |||||||
17 | FAA Beverly Hills, Inc. | 5050 – 5070 Wilshire Blvd. Beverly Hills, CA 5151 Wilshire Blvd. Beverly Hills, CA 8833 Wilshire Blvd. Beverly Hills, CA 8850 Wilshire Blvd. Beverly Hills, CA 8844 Wilshire Blvd. Beverly Hills, CA NE Corner Citrus Ave. & Carling Way Beverly Hills, CA | ||||||
18 | FAA Concord H, Inc. | 1300 Concord Ave. Concord, CA 1461 Concord Ave. Concord, CA 2655 Stanwell Drive Concord, CA | ||||||
19 | FAA Concord T, Inc. | 1090 Concord Ave. Concord, CA Buchanan Field Airport, Area 7 West of Solano Way | ||||||
20 | FAA Holding LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
21 | FAA Las Vegas H, Inc. | 7615 W. Sahara Ave. Las Vegas, NV |
I. Name | II. Collateral Locations | |||||||
22 | FAA Poway H, Inc. | 13747 Poway Rd. Poway, CA 13875 Kirkham Way Poway, CA | ||||||
23 | FAA San Bruno, Inc. | 750 El Camino Real San Bruno, CA 222 E. San Bruno Ave. San Bruno, CA 732 El Camino Real San Bruno, CA 750 El Camino Real San Bruno, CA 650 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA 650 and 660 El Camino Real San Bruno, CA 692 El Camino Real San Bruno, CA | ||||||
24 | FAA Serramonte H, Inc. | 485 Serramonte Blvd. Colma, CA | ||||||
25 | FAA Serramonte L, Inc. | 700 Serramonte Blvd. Colma, CA 513 Francisco Blvd. E. San Rafael, CA 535 Francisco Blvd. E. San Rafael, CA | ||||||
26 | FirstAmerica Automotive, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
27 | Fort Mill Ford, Inc. | 801 Gold Hill Rd. Fort Mill, SC | ||||||
28 | Franciscan Motors, Inc. | 465/475 Serramonte Blvd. Colma, CA | ||||||
29 | L Dealership Group, LLC | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
30 | Marcus David Corporation | 9900 South Blvd. Charlotte, NC 1300 Cressida Dr. Charlotte, NC 9101 South Blvd. Charlotte, NC | ||||||
31 | Ontario L, LLC | 1125 Kettering Dr. Ontario, CA | ||||||
32 | Philpott Motors, LLC | 1900 U.S. Hwy. 69 Nederland, TX 4605 Third St. Airport Beaumont, TX 1400 U.S. Hwy. 69 Nederland, TX 2727 Nall St. Port Neches, TX | ||||||
33 | SAI AL HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
34 | SAI AL HC2, Inc. | 1874 Grants Mill Rd. Irondale, AL | ||||||
35 | SAI Atlanta B, LLC | 500 Interstate North Pkwy. SE Atlanta, GA 2100-2120 Powers Ferry Rd Atlanta, GA 5925 Peachtree Industrial Blvd. Atlanta, GA | ||||||
36 | SAI Chattanooga N, LLC | 2121 Chapman Road Chattanooga TN 37421 | ||||||
37 | SAI Chamblee V, LLC | 5260 Peacthree Industrial Blvd., Chamblee, GA | ||||||
38 | SAI Clearwater T, LLC | 21799 U.S. Hwy. 19 N. Clearwater, FL | ||||||
39 | SAI Columbus T, LLC | 1500 Auto Mall Dr. Columbus, OH | ||||||
40 | SAI Denver B, Inc. | 900 S. Colorado Blvd. Denver, CO 2201 S. Wabash St. Denver, CO 4300 E. Kentucky Ave. Denver, CO 7750 E. Cherry Creek South Dr. Denver, CO 4677 S. Broadway Denver, CO 4651 S. Broadway Denver, CO |
I. Name | II. Collateral Locations | |||||||
41 | SAI Denver M, Inc. | 4300 E. Kentucky Ave. 4677 S. Broadway 940 S. Colorado Blvd. 4677 S. Broadway | ||||||
42 | SAI DS, LLC | 13615 N. Central Expressway Dallas, TX 75243 | ||||||
43 | SAI DS Realty TX, LLC | 13615 N. Central Expressway Dallas, TX 75243 | ||||||
44 | SAI Fairfax B, LLC | 8427 Lee Hwy. Fairfax, VA 2730 Dorr Avenue Fairfax, VA 2805 Old Lee Hwy. Fairfax, VA 8431 Lee Hwy. Fairfax, VA 8111 Gatehouse Rd. Falls Church, VA 8504 Lee Hwy. Fairfax, VA | ||||||
45 | SAI FL HC2, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
46 | SAI FL HC3, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
47 | SAI FL HC4, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
48 | SAI FL HC7, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
49 | SAI Fort Myers B, LLC | 15421 S. Tamiami Tr. Fort Myers, FL 13880 S. Tamiami Tr. Fort Myers, FL | ||||||
50 | SAI Fort Myers M, LLC | 15461 S. Tamiami Tr. Fort Myers, FL | ||||||
51 | SAI Fort Myers VW, LLC | 14060 S. Tamiami Tr. Fort Myers, FL | ||||||
52 | SAI GA HC1, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
53 | SAI Irondale Imports, LLC | 1000 Tom Williams Way Irondale, AL 3001 Tom Williams Way Irondale, AL 3000 Tom Williams Way Irondale, AL 2001 Tom Williams Way Irondale, AL 1001 Tom Williams Way Irondale, AL 1314 Grants Mill Way Irondale, AL | ||||||
54 | SAI Irondale L, LLC | 1001 Tom Williams Way Irondale, AL | ||||||
55 | SAI Long Beach B, Inc. | 2998 Cherry Ave. Signal Hill, CA 90755 1660 E. Spring Street Signal Hill, CA 90756 | ||||||
56 | SAI McKinney M, LLC | 2080 North Central Expressway McKinney, TX 75069 | ||||||
57 | SAI MD HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
58 | SAI Monrovia B, Inc. | 1425-1451 South Mountain Ave. Monrovia, CA 550 E. Huntington Drive Monrovia, CA |
I. Name | II. Collateral Locations | |||||||
59 | SAI Montgomery B, LLC | 731 Eastern Blvd. Montgomery, AL | ||||||
60 | SAI Montgomery BCH, LLC | 833 Eastern Blvd. Montgomery, AL | ||||||
61 | SAI Montgomery CH, LLC | 711 Eastern Blvd. Montgomery, AL 2820 Eastern Blvd. Montgomery, AL | ||||||
62 | SAI Nashville CSH, LLC | 2121 Rosa L. Parks Blvd. Nashville, TN | ||||||
63 | SAI Nashville H, LLC | 2215 Rosa L. Parks Blvd. Nashville, TN | ||||||
64 | SAI Nashville M, LLC | 630 Bakers Bridge Ave. Franklin, TN | ||||||
65 | SAI Nashville Motors, LLC | 1576 Mallory Lane Brentwood, TN 1580 Mallory Lane Brentwood, TN | ||||||
66 | SAI OK HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
67 | SAI Orlando CS, LLC | 4241 N. John Young Pkwy. Orlando, FL 8819 S. Orange Blossom Tr. Orlando, FL 1851 Landstreet Rd. Orlando, FL | ||||||
68 | SAI Peachtree, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
69 | SAI Pensacola A, LLC | 6303 Pensacola Blvd. Penscaola FL | ||||||
70 | SAI Philpott T, LLC | 2229 Highway 69 Nederland TX 77627 | ||||||
71 | SAI Rockville Imports, LLC | 1125 Rockville Pike Rockville, MD 1542 & 1550 Rockville Pike Rockville, MD 1190 Rockville Pike Rockville, MD | ||||||
72 | SAI Roaring Fork LR, Inc. | 52876 Two Rivers Plaza Road Glenwood Springs CO | ||||||
73 | SAI Rockville L, LLC | 15501 & 15515 Frederick Rd. Rockville, MD 15814-A and B Paramount Dr. Rockville, MD | ||||||
74 | SAI Stone Mountain T, LLC | 4400 Stone Mountain Hwy Stone Mountain, GA | ||||||
75 | SAI S. Atlanta JLR, LLC | 3900 Jonesboro Rd. Union City GA 30291 | ||||||
76 | SAI TN HC1, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
77 | SAI TN HC2, LLC | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
78 | SAI TN HC3, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
79 | SAI VA HC1, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
80 | SAI West Houston B, LLC | 20822 Katy Freeway Katy TX | ||||||
81 | Santa Clara Imported Cars, Inc. | 4590 Stevens Creek Blvd. San Jose, CA 1507 South 10th St. San Jose, CA | ||||||
82 | Sonic – 2185 Chapman Rd., Chattanooga, LLC | 2135 Chapman Rd. Chattanooga, TN | ||||||
83 | Sonic Advantage PA, LLC | 11890 Katy Fwy. Houston, TX 11850 Katy Fwy., Houston, TX 15865 Katy Fwy. Houston, TX | ||||||
84 | Sonic Automotive 2752 Laurens Rd., Greenville, Inc. | 2750 Laurens Rd. Greenville, SC 17 Duvall and 2758 Laurens Rd. Greenville, SC 2930-2934 Laurens Rd. Greenville, SC | ||||||
85 | Sonic Automotive – 3401 N. Main, TX, LLC | 4114 Hwy. 10 E. Baytown, TX | ||||||
86 | Sonic Automotive – 4701 I-10 East, TX, LLC | 4110 Hwy. 10 E. Baytown, TX | ||||||
87 | Sonic Automotive – 9103 E. Independence, NC, LLC | 9103 E. Independence Blvd. Matthews, NC 9009 E. Independence Blvd. Matthews, NC | ||||||
88 | Sonic Automotive Aviation, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
89 | Sonic Automotive F&I, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
90 | Sonic Automotive of Chattanooga, LLC | 6806 E. Brainerd Rd. Chattanooga, TN | ||||||
91 | Sonic Automotive of Nashville, LLC | 4040 Armory Oaks Dr. Nashville, TN 4010 Armory Oaks Dr. Nashville, TN 1572 Mallory Lane Brentwood, TN 37027 | ||||||
92 | Sonic Automotive of Nevada, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
93 | Sonic Automotive of Texas, LLC | 8477 North Fwy. Houston, TX | ||||||
94 | Sonic Automotive Support, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
95 | Sonic Automotive West, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV |
I. Name | II. Collateral Locations | |||||||
96 | Sonic-Buena Park H, Inc. | 7697 Beach Blvd. Buena Park, CA 6411 Beach Blvd. Buena Park, CA 6841 Western Avenue Buena Park, CA 6291 Auto Center Drive Buena Park, CA | ||||||
97 | Sonic – Integrity Dodge LV, LLC | N/A | ||||||
98 | Sonic Calabasas M, Inc. | 24181 Calabasas Rd. Calabasas, CA 91302 Parking lot north of and abutting above address containing 20,036 square feet, more or less 21800 Oxnard Street Woodland Hills, CA | ||||||
99 | Sonic-Clear Lake Volkswagen, LLC | 15100 Gulf Fwy. Houston, TX | ||||||
100 | Sonic – Denver T, Inc. | 201 W. 70th Ave. Denver, CO | ||||||
101 | Sonic Development, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
102 | Sonic Divisional Operations, LLC | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
103 | Sonic - Fort Worth T, LLC | 9001 Camp Bowie W. Fort Worth, TX 8901 US Hwy 80 West Fort Worth, TX | ||||||
104 | Sonic - Harbor City H, Inc. | 1435 E. 223rd St. Carson, CA | ||||||
105 | Sonic Houston JLR, LLC | 18205 Interstate 45 N Houston, TX | ||||||
106 | Sonic Houston LR, LLC | 7019 Old Katy Rd. Houston, TX 7025 Old Katy Rd. Houston, TX | ||||||
107 | Sonic - Houston V, LLC | 11950 Old Katy Rd. Houston, TX 1321 Sherwood Forest Dr. Houston, TX | ||||||
108 | Sonic-Jersey Village Volkswagen, LLC | 19550 Northwest Fwy. Houston, TX 11411 FM 1960 Road West Houston, TX | ||||||
109 | Sonic - Las Vegas C West, LLC | 5185 W. Sahara Ave. Las Vegas, NV | ||||||
110 | Sonic - LS Chevrolet, LLC | 18800 & 18900 North Fwy. and 9110 N. Eldridge Parkway, Houston, TX 18990 Northwest Fwy. Houston, TX | ||||||
111 | Sonic - LS, LLC | 4401 Colwick Rd. Charlotte, NC | ||||||
112 | Sonic - Lute Riley, LLC | 1331 N. Central Expy. Richardson, TX 13561 Goldmark Dr. Richardson, TX 331 Melrose Drive Richardson, TX 816 S. Sherman Street Richardson, TX 820 S. Sherman Street Richardson, TX | ||||||
113 | Sonic Momentum B, LLC | 10000 Southwest Fwy. Houston, TX 10002 Southwest Fwy. Houston, TX 9911 Centre Pkwy. Houston, TX 15865 Katy Fwy. Houston, TX 11777 Katy Fwy. Houston, TX | ||||||
114 | Sonic Momentum JVP, LLC | 10150 Southwest Fwy. Houston, TX 10155 Southwest Fwy. Houston, TX | ||||||
115 | Sonic Momentum VWA, LLC | 2405 Richmond Ave. Houston, TX 2309 Richmond Ave. Houston, TX 3717-3725 Revere St. Houston, TX 2401 Portsmouth Houston, TX 2211 Norfolk Street Houston, TX 2120 Southwest Fwy. Houston, TX 3131 Richmond Ave., Houston, TX 3120 Southwest Freeway, Houston, TX 3847 Farnham St, Houston, TX 2211 Norfolk St, Houston, TX | ||||||
116 | Sonic of Texas, Inc. | 4401 Colwick Rd. Charlotte, NC |
I. Name | II. Collateral Locations | |||||||
117 | Sonic Resources, Inc. | 7000 Las Vegas Blvd. N. Suite 200 Las Vegas, NV | ||||||
118 | Sonic - Richardson F, LLC | 1819 N. Central Expy. Richardson, TX | ||||||
119 | Sonic Santa Monica M, Inc. | 1626 Wilshire Blvd. Santa Monica, CA 1330 Colorado Ave. Santa Monica, CA 1215 – 17th St. Santa Monica, CA 1415 Euclid & 1308 Santa Monica Blvd. Santa Monica, CA 11766 Wilshire Blvd. Santa Monica, CA 1301 Santa Monica Blvd. Santa Monica, CA 1337 Euclid Street Santa Monica, CA | ||||||
120 | Sonic - Shottenkirk, Inc. | 5600 Pensacola Blvd. Pensacola, FL | ||||||
121 | Sonic - Stevens Creek B, Inc. | 4343 Stevens Creek Blvd. San Jose, CA 4333 Stevens Creek Blvd. San Jose, CA | ||||||
122 | Sonic Walnut Creek M, Inc. | 1301 Parkside Dr. Walnut Creek, CA 1360 Pine St. Walnut Creek, CA 1300 Pine St. Walnut Creek, CA 2650 Cloverdale Avenue Concord, CA 2198 N. Main Street Walnut Creek, CA | ||||||
123 | SRE Alabama - 2, LLC | N/A | ||||||
124 | SRE Alabama-5, LLC | N/A | ||||||
125 | SRE California - 1, LLC | N/A | ||||||
126 | SRE California – 2, LLC | N/A | ||||||
127 | SRE California – 3, LLC | N/A | ||||||
128 | SRE California – 5, LLC | N/A | ||||||
129 | SRE California – 6, LLC | N/A | ||||||
130 | SRE California -7 SCB, LLC | N/A | ||||||
131 | SRE California – 8 SCH, LLC | N/A | ||||||
132 | SRE California – 9 BHB, LLC | N/A | ||||||
133 | SRE California 10 LBB, LLC | N/A | ||||||
134 | SRE Colorado - 1, LLC | N/A | ||||||
135 | SRE Colorado – 2, LLC | N/A |
I. Name | II. Collateral Locations | |||||||
136 | SRE Colorado – 3, LLC | N/A | ||||||
137 | SRE Colorado – 4 RF, LLC | N/A | ||||||
138 | SRE Colorado – 5 CC, LLC | N/A | ||||||
139 | SRE Florida - 1, LLC | N/A | ||||||
140 | SRE Georgia – 4, LLC | N/A | ||||||
141 | SRE Holding, LLC | N/A | ||||||
142 | SRE Maryland – 1, LLC | N/A | ||||||
143 | SRE Nevada – 2, LLC | N/A | ||||||
144 | SRE North Carolina – 2, LLC | N/A | ||||||
145 | SRE North Carolina – 3, LLC | N/A | ||||||
146 | SRE Ohio 1, LLC | N/A | ||||||
147 | SRE Ohio 2, LLC | N/A | ||||||
148 | SRE Oklahoma -2, LLC | N/A | ||||||
149 | SRE South Carolina – 2, LLC | N/A | ||||||
150 | SRE South Carolina-3, LLC | N/A | ||||||
151 | SRE South Carolina – 4, LLC | N/A | ||||||
152 | SRE Tennessee – 1, LLC | N/A | ||||||
153 | SRE Tennessee – 2, LLC | N/A | ||||||
154 | SRE Tennessee – 3, LLC | N/A |
I. Name | II. Collateral Locations | |||||||
155 | SRE Tennessee-4, LLC | N/A | ||||||
156 | SRE Tennessee – 5, LLC | N/A | ||||||
157 | SRE Tennessee – 6, LLC | N/A | ||||||
158 | SRE Tennessee 7, LLC | 6001 Lee Highway, Chattanooga, TN 37421 | ||||||
159 | SRE Texas – 1, LLC | N/A | ||||||
160 | SRE Texas – 2, LLC | N/A | ||||||
161 | SRE Texas – 3, LLC | N/A | ||||||
162 | SRE Texas – 4, LLC | N/A | ||||||
163 | SRE Texas – 5, LLC | N/A | ||||||
164 | SRE Texas – 6, LLC | N/A | ||||||
165 | SRE Texas – 7, LLC | N/A | ||||||
166 | SRE Texas – 8, LLC | N/A | ||||||
167 | SRE Texas 9, LLC | N/A | ||||||
168 | SRE Texas 10, LLC | N/A | ||||||
169 | SRE Texas 11, LLC | N/A | ||||||
170 | SRE Texas 12, LLC | N/A | ||||||
171 | SRE Texas 13, LLC | N/A | ||||||
172 | SRE Texas 14, LLC | N/A | ||||||
173 | SRE Texas 15, LLC | N/A |
I. Name | II. Collateral Locations | |||||||
174 | SRE Virginia – 1, LLC | N/A | ||||||
175 | SRE Virginia – 2, LLC | N/A | ||||||
176 | Town and Country Ford, Incorporated | 5401 E. Independence Blvd. Charlotte, NC | ||||||
177 | EchoPark Automotive, Inc. | 4401 Colwick Rd. Charlotte, NC | ||||||
178 | TT Denver, LLC | 500 E. 104th Ave Thornton, CO 10330 Grant Ave Thornton, CO 80229 10401 E. Arapahoe Rd Centennial, CO 1500 E. County Line Rd Highlands Ranch, CO 13412 West Coal Mine Ave. Littleton, CO 80127 9575 E. 40th Ave. Denver, CO 80230 | ||||||
179 | TTRE CO 1, LLC | N/A | ||||||
180 | Windward, Inc. | 24895 Mission Blvd. Hayward, CA 24947-24975 Mission Blvd. Hayward, CA 24919 Mission Blvd. Hayward, CA 900 Fletcher Ln. Hayward, CA 24933 Mission Blvd. Hayward, CA |
October 29, 2020 | |||||
By: | /s/ HEATH R. BYRD | ||||
Heath R. Byrd | |||||
Executive Vice President and Chief Financial Officer |
October 29, 2020 | |||||
By: | /s/ DAVID BRUTON SMITH | ||||
David Bruton Smith | |||||
Chief Executive Officer |
/s/ HEATH R. BYRD | ||
Heath R. Byrd | ||
Executive Vice President and Chief Financial Officer | ||
October 29, 2020 |
/s/ DAVID BRUTON SMITH | ||
David Bruton Smith | ||
Chief Executive Officer | ||
October 29, 2020 |
Details |
9 Months Ended |
---|---|
Sep. 30, 2020 | |
Document Information [Line Items] | |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Security Exchange Name | NYSE |
Entity Incorporation, State or Country Code | DE |
Document Transition Report | false |
Title of 12(b) Security | Class A Common Stock, par value $0.01 per share |
Entity Small Business | false |
Entity Emerging Growth Company | false |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Revenues: | ||||
Revenues | $ 2,548,545,000 | $ 2,702,720,000 | $ 6,968,487,000 | $ 7,705,939,000 |
Cost of Sales: | ||||
Cost of Sales | (2,171,978,000) | (2,315,909,000) | (5,933,959,000) | (6,578,806,000) |
Gross profit | 376,567,000 | 386,811,000 | 1,034,528,000 | 1,127,133,000 |
Selling, general and administrative expenses | (257,174,000) | (296,826,000) | (769,688,000) | (838,453,000) |
Impairment charges | (26,000) | (1,124,000) | (268,859,000) | (3,076,000) |
Depreciation and amortization | (22,934,000) | (23,665,000) | (67,879,000) | (70,120,000) |
Operating income (loss) | 96,433,000 | 65,196,000 | (71,898,000) | 215,484,000 |
Other income (expense): | ||||
Interest expense, floor plan | (4,999,000) | (11,638,000) | (21,821,000) | (37,382,000) |
Interest expense, other, net | (10,762,000) | (13,013,000) | (31,523,000) | (39,494,000) |
Other income (expense), net | 1,000 | (5,000) | 100,000 | 90,000 |
Total other income (expense) | (15,760,000) | (24,656,000) | (53,244,000) | (76,786,000) |
Income (loss) from continuing operations before taxes | 80,673,000 | 40,540,000 | (125,142,000) | 138,698,000 |
Provision for income taxes for continuing operations - benefit (expense) | (20,685,000) | (11,372,000) | 16,995,000 | (40,430,000) |
Income (loss) from continuing operations | 59,988,000 | 29,168,000 | (108,147,000) | 98,268,000 |
Discontinued operations: | ||||
Income (loss) from discontinued operations before taxes | (234,000) | (223,000) | (808,000) | (616,000) |
Provision for income taxes for discontinued operations - benefit (expense) | 64,000 | 65,000 | 231,000 | 179,000 |
Income (loss) from discontinued operations | (170,000) | (158,000) | (577,000) | (437,000) |
Net income (loss) | $ 59,818,000 | $ 29,010,000 | $ (108,724,000) | $ 97,831,000 |
Basic earnings (loss) per common share: | ||||
Earnings (loss) per share from continuing operations (usd per share) | $ 1.41 | $ 0.68 | $ (2.53) | $ 2.28 |
Earnings (loss) per share from discontinued operations (usd per share) | 0 | (0.01) | (0.02) | (0.01) |
Earnings (loss) per common share (usd per share) | $ 1.41 | $ 0.67 | $ (2.55) | $ 2.27 |
Weighted average common shares outstanding | 42,510 | 43,078 | 42,687 | 42,995 |
Diluted earnings (loss) per common share: | ||||
Earnings (loss) per share from continuing operations (usd per share) | $ 1.35 | $ 0.66 | $ (2.53) | $ 2.26 |
Earnings (loss) per share from discontinued operations (usd per share) | (0.01) | 0 | (0.02) | (0.01) |
Earnings (loss) per common share (usd per share) | $ 1.34 | $ 0.66 | $ (2.55) | $ 2.25 |
Weighted average common shares outstanding | 44,577 | 44,203 | 42,687 | 43,456 |
Total vehicles | ||||
Revenues: | ||||
Revenues | $ 2,100,832,000 | $ 2,223,832,000 | $ 5,700,972,000 | $ 6,305,721,000 |
Cost of Sales: | ||||
Cost of Sales | (2,007,575,000) | (2,132,802,000) | (5,457,995,000) | (6,032,739,000) |
New vehicles | ||||
Revenues: | ||||
Revenues | 1,098,302,000 | 1,258,018,000 | 2,957,794,000 | 3,529,106,000 |
Cost of Sales: | ||||
Cost of Sales | (1,035,624,000) | (1,202,710,000) | (2,804,314,000) | (3,363,603,000) |
Used vehicles | ||||
Revenues: | ||||
Revenues | 946,028,000 | 914,272,000 | 2,604,957,000 | 2,620,264,000 |
Cost of Sales: | ||||
Cost of Sales | (917,993,000) | (877,444,000) | (2,517,421,000) | (2,509,699,000) |
Wholesale vehicles | ||||
Revenues: | ||||
Revenues | 56,502,000 | 51,542,000 | 138,221,000 | 156,351,000 |
Cost of Sales: | ||||
Cost of Sales | (53,958,000) | (52,648,000) | (136,260,000) | (159,437,000) |
Parts, service and collision repair | ||||
Revenues: | ||||
Revenues | 320,929,000 | 352,047,000 | 914,667,000 | 1,048,789,000 |
Cost of Sales: | ||||
Cost of Sales | (164,403,000) | (183,107,000) | (475,964,000) | (546,067,000) |
Finance, insurance and other, net | ||||
Revenues: | ||||
Revenues | $ 126,784,000 | $ 126,841,000 | $ 352,848,000 | $ 351,429,000 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Statement of Comprehensive Income [Abstract] | ||||
Net income (loss) | $ 59,818 | $ 29,010 | $ (108,724) | $ 97,831 |
Other comprehensive income (loss) before taxes: | ||||
Change in fair value of interest rate swap and interest rate cap agreements | 296 | (223) | 1,076 | (3,971) |
Amortization of terminated interest rate swap agreements | (280) | (786) | (1,912) | (1,707) |
Total other comprehensive income (loss) before taxes | 16 | (1,009) | (836) | (5,678) |
Provision for income tax benefit (expense) related to components of other comprehensive income (loss) | 9 | 330 | 334 | 1,726 |
Other comprehensive income (loss) | 25 | (679) | (502) | (3,952) |
Comprehensive income (loss) | $ 59,843 | $ 28,331 | $ (109,226) | $ 93,879 |
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares |
Sep. 30, 2020 |
Dec. 31, 2019 |
---|---|---|
Convertible preferred stock issued | 0 | 0 |
Class A Common Stock | ||
Common stock, par value (usd per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 65,607,628 | 64,733,667 |
Common stock, shares outstanding | 30,185,830 | 31,105,000 |
Treasury stock, shares | 35,421,798 | 33,628,667 |
Class B common stock | ||
Common stock, par value (usd per share) | $ 0.01 | |
Common stock, shares authorized | 30,000,000 | |
Common stock, shares issued | 12,029,375 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical) - USD ($) $ in Thousands |
9 Months Ended | |
---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Statement of Cash Flows [Abstract] | ||
Tax effect on fair value of interest rate swap and rate cap agreements | $ 334 | $ 1,726 |
Inventories |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories | Inventories Inventories consist of the following:
|
Goodwill and Intangible Assets |
9 Months Ended |
---|---|
Sep. 30, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | Goodwill and Intangible AssetsPursuant to the applicable accounting pronouncements, we were required to evaluate the recoverability of our long-lived assets during the first quarter of 2020 as a result of the effects of the COVID-19 pandemic on our operations and market value. Based on this evaluation, we determined the carrying value of the goodwill related to our franchised dealership reporting unit was greater than the fair value of the reporting unit. Accordingly, we recorded a non-cash goodwill impairment charge of $268.0 million and a corresponding income tax benefit of $55.8 million to reduce the carrying value to fair value as of March 31, 2020. We utilized the Discounted Cash Flows (“DCF”) method, using unobservable inputs (Level 3) to estimate Sonic’s enterprise value as of March 31, 2020 and reconciled the discounted cash flows to Sonic’s market capitalization, using quoted market price inputs (Level 1). The significant assumptions in our DCF model include projected earnings, a discount rate (and estimates in the discount rate inputs), control premium factors and residual growth rates. Based on the improvement in our business operations and market value during the second and third quarters of 2020, as well as our future forecast expectations, no further impairment assessment was required.The carrying amount of goodwill was approximately $207.3 million and $475.8 million as of September 30, 2020 and December 31, 2019, respectively. The carrying amount of goodwill for our franchised dealership reporting unit was $147.3 million and $415.8 million as of September 30, 2020 and December 31, 2019, respectively. The carrying amount of goodwill for our EchoPark reporting unit was $60.0 million as of both September 30, 2020 and December 31, 2019. The total carrying amount of goodwill is net of accumulated impairment losses of approximately $1.1 billion and $797.6 million as of September 30, 2020 and December 31, 2019, respectively. The carrying amount of franchise assets was approximately $64.3 million as of both September 30, 2020 and December 31, 2019 |
Commitments and Contingencies |
9 Months Ended |
---|---|
Sep. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Legal and Other Proceedings Sonic is involved, and expects to continue to be involved, in various legal and administrative proceedings arising out of the management and conduct of its business, including regulatory investigations and private civil actions brought by plaintiffs purporting to represent a potential class or for which a class has been certified. Although Sonic vigorously defends itself in all legal and administrative proceedings, the outcomes of pending and future proceedings arising out of the management and conduct of Sonic’s business, including litigation with customers, employment-related lawsuits, contractual disputes, class actions, purported class actions and actions brought by governmental authorities, cannot be predicted with certainty. An unfavorable resolution of one or more of these matters could have a material adverse effect on Sonic’s business, financial condition, results of operations, cash flows or prospects. Included in other accrued liabilities and other long-term liabilities in the accompanying unaudited condensed consolidated balance sheet as of September 30, 2020 was approximately $0.3 million and $0.2 million, respectively, in reserves that Sonic was holding for pending proceedings. Included in other accrued liabilities and other long-term liabilities in the accompanying unaudited condensed consolidated balance sheet as of December 31, 2019 was approximately $1.2 million and $0.3 million, respectively, for such reserves. Except as reflected in such reserves, Sonic is currently unable to estimate a range of reasonably possible loss, or a range of reasonably possible loss in excess of the amount accrued, for pending proceedings. Guarantees and Indemnification Obligations In accordance with the terms of Sonic’s operating lease agreements, Sonic’s dealership subsidiaries, acting as lessees, generally agree to indemnify the lessor from certain exposure arising as a result of the use of the leased premises, including environmental exposure and repairs to leased property upon termination of the lease. In addition, Sonic has generally agreed to indemnify the lessor in the event of a breach of the lease by the lessee. In connection with dealership dispositions and facility relocations, certain of Sonic’s subsidiaries have assigned or sublet to the buyer their interests in real property leases associated with such dealerships or facilities. In general, the subsidiaries retain responsibility for the performance of certain obligations under such leases, including rent payments and repairs to leased property upon termination of the lease, to the extent that the assignee or sublessee does not perform. In the event an assignee or a sublessee does not perform its obligations, Sonic remains liable for such obligations. In accordance with the terms of agreements entered into for the sale of Sonic’s dealerships, Sonic generally agrees to indemnify the buyer from certain liabilities and costs arising subsequent to the date of sale, including environmental exposure and exposure resulting from the breach of representations or warranties made in accordance with the agreements. While Sonic’s exposure with respect to environmental remediation and repairs is difficult to quantify, Sonic’s maximum exposure associated with these general indemnifications was approximately $29.3 million and $46.5 million at September 30, 2020 and December 31, 2019, respectively. These indemnifications typically expire within a period of to three years following the date of sale. The estimated fair value of these indemnifications was not material and the amount recorded for this contingency was not significant at September 30, 2020. Sonic also guarantees the floor plan commitments of its 50%-owned joint venture, the amount of which was approximately $4.3 million at both September 30, 2020 and December 31, 2019.
|
Fair Value Measurements |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Measurements | Fair Value Measurements In determining fair value, Sonic uses various valuation approaches, including market, income and/or cost approaches. “Fair Value Measurements and Disclosures” in the ASC establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of Sonic. Unobservable inputs are inputs that reflect Sonic’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that Sonic has the ability to access. Assets utilizing Level 1 inputs include marketable securities that are actively traded, including Sonic’s stock or public bonds. Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Assets and liabilities utilizing Level 2 inputs include cash flow swap instruments and deferred compensation plan balances. Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. Asset and liability measurements utilizing Level 3 inputs include those used in estimating fair value of non-financial assets and non-financial liabilities in purchase acquisitions, those used in assessing impairment of right-of-use assets (“ROU assets”), property, plant and equipment and other intangibles and those used in the reporting unit valuation in the goodwill impairment evaluation. The availability of observable inputs can vary and is affected by a wide variety of factors. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment required by Sonic in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is disclosed is determined based on the lowest level input (Level 3 being the lowest level) that is significant to the fair value measurement. Fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, Sonic’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. Sonic uses inputs that are current as of the measurement date, including during periods when the market may be abnormally high or abnormally low. Accordingly, fair value measurements can be volatile based on various factors that may or may not be within Sonic’s control. Assets and liabilities recorded at fair value in the accompanying unaudited condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019 are as follows:
(1)Included in other assets in the accompanying unaudited condensed consolidated balance sheets. (2)Included in other long-term liabilities in the accompanying unaudited condensed consolidated balance sheets. There were $268.9 million of impairment charges related to indefinite and long-lived assets assessed during the nine months ended September 30, 2020 which required a fair value measurement of assets ordinarily measured at fair value on a non-recurring basis. Goodwill and property and equipment, net balances have been adjusted for fair value through impairment charges using Level 1 and Level 3 fair value inputs as discussed in Note 4, “Property and Equipment,” and Note 5, “Goodwill and Intangible Assets.” Remaining intangible and long-lived assets will be evaluated as of the annual valuation assessment date of October 1, 2020 or as events or changes in circumstances require. As of September 30, 2020 and December 31, 2019, the fair values of Sonic’s financial instruments, including receivables, notes receivable from finance contracts, notes payable – floor plan, trade accounts payable, borrowings under the revolving credit facilities and certain mortgage notes, approximated their carrying values due either to length of maturity or existence of variable interest rates that approximate prevailing market rates. At September 30, 2020 and December 31, 2019, the fair value and carrying value of Sonic’s significant fixed rate long-term debt were as follows:
(1)As determined by market quotations as of September 30, 2020 and December 31, 2019, respectively (Level 1). (2)As determined by discounted cash flows (Level 3) based on estimated current market interest rates for comparable instruments.
|
Accumulated Other Comprehensive Income (Loss) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2020 are as follows:
(1)Net of tax expense of $221 related to cash flow hedges. (2)Net of tax benefit of $555 related to cash flow hedges. See the heading “Derivative Instruments and Hedging Activities” in Note 6, “Long-Term Debt,” for further discussion of Sonic’s cash flow hedges. For further discussion of Sonic’s defined benefit pension plan, see Note 10, “Employee Benefit Plans,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2019.
|
Segment Information |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | 10. Segment Information As of September 30, 2020, Sonic had two operating segments comprised of: (1) retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products (the “Franchised Dealerships Segment”); and (2) pre-owned vehicle specialty retail locations that provide customers an opportunity to search our nationwide inventory, purchase a pre-owned vehicle, select finance and insurance products and sell their current vehicle to us (the “EchoPark Segment”). Sonic has determined that its operating segments also represent its reportable segments. The reportable segments identified above are the business activities of Sonic for which discrete financial information is available and for which operating results are regularly reviewed by Sonic’s chief operating decision maker to assess operating performance and allocate resources. Sonic’s chief operating decision maker is a group of three individuals consisting of: (1) the Company’s Chief Executive Officer; (2) the Company’s President; and (3) the Company’s Chief Financial Officer. Reportable segment financial information for the three and nine months ended September 30, 2020 and 2019 are as follows:
(1)Segment income (loss) for each segment is defined as income (loss) from continuing operations before taxes and impairment charges. (2)For the three and nine months ended September 30, 2020, the above amount includes a pre-tax gain on the disposal of a franchised dealership of approximately $3.2 million. For the nine months ended September 30, 2019, the above amount includes a pre-tax net gain on the disposal of franchised dealerships of approximately $46.7 million, offset partially by approximately $6.3 million of pre-tax executive transition costs. (3)For the three months ended September 30, 2019, the above amount includes approximately $1.1 million of impairment expenses related to real estate assets held for sale at former EchoPark locations. For the nine months ended September 30, 2020, the above amount includes a pre-tax impairment charge of approximately $268.0 million related to adjustments in fair value of goodwill for the Franchised Dealerships Segment as a result of the economic disruptions due to the worldwide spread of COVID-19 which has adversely affected our business, as well as a pre-tax impairment charge of approximately $0.9 million related to the abandonment of certain construction projects. For the nine months ended September 30, 2019, the above amount includes approximately $3.1 million of pre-tax impairment expense related to real estate assets held for sale at former EchoPark locations.
|
Leases, Codification Topic 842 |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leases of Lessee Disclosure [Text Block] | 11. Lease Accounting The majority of our leases are related to dealership properties that are subject to long-term lease arrangements. In addition, we have certain equipment leases and contracts containing embedded leased assets that have been evaluated and included in the recorded ROU asset and lease liabilities as appropriate. As a result of the adoption of ASC 842, “Leases,” on January 1, 2019, we are required to recognize a ROU asset and a lease liability in the accompanying unaudited condensed consolidated balance sheets at the lease commencement date. For operating leases, the lease liability is initially and subsequently measured at the present value of the unpaid lease payments at the lease commencement date. For finance leases, the lease liability is initially measured in the same manner and date as for operating leases and is subsequently measured at reduced cost using the effective interest method. The ROU asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, plus any initial direct costs incurred or previously recognized favorable lease assets, less any lease incentives received or previously recognized lease exit accruals. For operating leases, the ROU asset is subsequently measured throughout the lease term at the carrying amount of the lease liability, plus initial direct costs, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. Lease expense for lease payments is recognized on a straight-line basis over the lease term. For finance leases, the ROU asset is reduced using the straight-line method from the lease commencement date to the earlier of the end of its useful life or the end of the lease term unless the lease transfers ownership of the underlying asset to us or we are reasonably certain to exercise an option to purchase the underlying asset. In those cases, the ROU asset is reduced over the expected useful life of the underlying asset. Expense related to the reduction of the ROU asset is recognized and presented separately from interest expense on the lease liability. Variable lease payments associated with our leases are recognized when the event, activity or circumstance in the lease agreement on which those payments are assessed occurs. Variable lease payments are presented as operating expense in our unaudited condensed consolidated statements of operations in the same line item as expense arising from fixed lease payments (operating leases) or expense related to the reduction of the ROU asset (finance leases). ROU assets for operating and finance leases are periodically reduced by impairment losses. We use the long-lived assets impairment guidance in ASC 360, “Property, Plant, and Equipment,” to determine whether the ROU asset is impaired and, if so, the amount of the impairment loss to recognize. We regularly monitor events or changes in circumstances that may require a reassessment of one of our leases. When a reassessment results in the remeasurement of a lease liability, a corresponding adjustment is made to the carrying amount of the corresponding ROU asset unless doing so would reduce the carrying amount of the ROU asset to an amount less than zero. In that case, the amount of the adjustment that would result in a negative ROU asset balance is recorded in profit or loss. Key estimates and judgments related to the measurement and recording of ROU assets and lease liabilities include how we determine: (1) the discount rate used to discount the unpaid lease payments to present value; and (2) the expected lease term, including any extension options. ASC 842, “Leases,” requires a lessee to discount its unpaid lease payments using the interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. Generally, we cannot determine the interest rate implicit in the lease because we do not have access to the lessor’s estimated residual value or the amount of the lessor’s deferred initial direct costs. Therefore, we generally use our incremental borrowing rate as the discount rate for the lease. We determined the discount rate for our leases based on the risk-free rate as of the measurement date for varying maturities corresponding to the remaining lease term, adjusted for the risk-premium attributed to Sonic’s corporate credit rating for a secured or collateralized instrument. Many of our lease arrangements have one or more existing renewal options to extend the lease term (typically in five- to ten-year increments), which were considered in the calculation of the ROU assets and lease liabilities if we determined that it was reasonably certain that an extension option would be exercised. The lease term for all of the Company’s leases includes the non-cancelable period of the lease plus any additional periods covered by our option to extend the lease that we are reasonably certain to exercise. We determined the probability of the exercise of a lease extension option based on our long-term strategic business outlook and the condition and remaining useful life of the fixed assets at the location subject to the lease agreement, among other factors. The majority of our lease agreements require fixed monthly payments (subject to either specific or index-based escalations in future periods) while other agreements require variable lease payments based on changes in LIBOR or any replacement thereof. Lease payments included in the measurement of the lease liability comprise the: (1) fixed lease payments, including in-substance fixed payments, owed over the lease term, which include termination penalties we would owe if the estimated lease term assumes that we would be likely to exercise a termination option prior to the earliest expiration date; (2) variable lease payments that depend on an index or rate, initially measured using the index or rate at the lease commencement date; and (3) the exercise price of our option to purchase the underlying asset if we are reasonably certain to exercise the option. Our leases do not typically contain residual value guarantees. In certain situations, we have entered into sublease agreements whereby we sublease all or a portion of a leased real estate asset to a third party. To the extent that we have a sublease related to a lease agreement for an asset that we are no longer using in operations, we have reduced the ROU asset by any applicable net deficiency in expected cash flows from that sublease (either due to partial monthly sublease proceeds or a sublease term less than the remaining master lease term). Following is information related to changes in our ROU asset and lease liability balances and other financial information for the nine months ended September 30, 2020:
(1)Includes the impact of remeasurements related to lease terminations and changes in assumptions around the probability of exercise of extension options.
(1)Included in operating cash flows in the accompanying unaudited condensed consolidated statement of cash flows as of September 30, 2020.
(1)Includes the impact of reclassification of ROU assets from operating leases to finance leases due to remeasurement.
|
Summary of Significant Accounting Policies (Policies) |
9 Months Ended |
---|---|
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of Sonic Automotive, Inc. and its wholly owned subsidiaries (“Sonic,” the “Company,” “we,” “us” or “our”) for the three and nine months ended September 30, 2020 and 2019 are unaudited and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and applicable rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements reflect, in the opinion of management, all material normal, recurring adjustments necessary to fairly state the financial position, results of operations and cash flows for the periods presented. The operating results for interim periods are not necessarily indicative of the results to be expected for the entire fiscal year or future interim periods, because the first quarter historically has contributed less operating profit than the second and third quarters, while the fourth quarter historically has contributed the highest operating profit of any quarter. Additionally, the ongoing COVID-19 pandemic could impact earnings for the remainder of 2020 and beyond. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2019. |
Principles of Consolidation | Principles of Consolidation – All of our dealership and non-dealership subsidiaries are wholly owned and consolidated in the accompanying unaudited condensed consolidated financial statements, except for one 50%-owned dealership that is accounted for under the equity method. All material intercompany balances and transactions have been eliminated in the accompanying unaudited condensed consolidated financial statements. |
Revenue from Contract with Customers | Revenue Recognition – Revenue is recognized when a customer obtains control of promised goods or services and in an amount that reflects the consideration that the entity expects to receive in exchange for those goods or services. ASC Topic 606, “Revenue from Contracts with Customers,” applies a five-step model that includes: (1) identifying the contract(s) with the customer; (2) identifying the performance obligation(s) in the contract(s); (3) determining the transaction price; (4) allocating the transaction price to the performance obligation(s) in the contract(s); and (5) recognizing revenue as the performance obligation(s) are satisfied. The standard also requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. We do not include the cost of obtaining contracts within the related revenue streams since we elected the practical expedient to expense the costs to obtain a contract when incurred. Management has evaluated our established business processes, revenue transaction streams and accounting policies, and identified our material revenue streams to be: (1) the sale of new vehicles; (2) the sale of used vehicles to retail customers; (3) the sale of wholesale used vehicles at third-party auctions; (4) the arrangement of vehicle financing and the sale of service, warranty and other insurance contracts; and (5) the performance of vehicle maintenance and repair services and the sale of related parts and accessories. Generally, performance conditions are satisfied when the associated vehicle is either delivered or returned to a customer and customer acceptance has occurred, or over time as the maintenance and repair services are performed. We do not have any revenue streams with significant financing components as payments are typically received within a short period of time following completion of the performance obligation(s). Certain retrospective finance and insurance revenue is earned in periods subsequent to the completion of the initial performance obligation (“F&I retro revenues”). F&I retro revenues are recognized when the product contract has been executed with the end customer and are estimated each reporting period based on the expected value method using historical and projected data, which results in the acceleration of revenue recognition. F&I retro revenues, which represent variable consideration, subject to constraint, are to be included in the transaction price and recognized when or as the performance obligation is satisfied. F&I retro revenues can vary based on a variety of factors, including number of contracts and history of cancellations and claims. Accordingly, we utilize this historical and projected data to constrain the consideration to the extent that it is probable that a significant reversal in the amount of cumulative revenue will not occur when the uncertainty associated with the variable consideration is subsequently resolved. We record revenue when vehicles are delivered to customers, when vehicle service work is performed and when parts are delivered. Conditions for completing a sale include having an agreement with the customer, including pricing, and the sales price must be reasonably expected to be collected. Receivables, net in the accompanying unaudited condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019 include approximately $4.3 million and $5.1 million, respectively, related to work in process and contract assets related to F&I retro revenues of approximately $11.1 million and $12.9 million, respectively. Changes in contract assets from December 31, 2019 to September 30, 2020 were primarily due to ordinary business activity, including the receipt of cash for amounts earned and recognized in prior periods. Please refer to Note 1, “Description of Business and Summary of Significant Accounting Policies,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2019 for further discussion of our revenue recognition policies and processes. Income
|
Summary of Significant Accounting Policies (Tables) |
9 Months Ended |
---|---|
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
Unusual Risks and Uncertainties | COVID 19 – The COVID-19 pandemic negatively impacted the global economy beginning in the first quarter of 2020. During the first three quarters of 2020, the impact on the economy affected both consumer demand and supply of manufactured goods as many countries around the world and states and municipalities in the United States (the “U.S.”) mandated restrictions on citizen movements (i.e., shelter-in-place or stay-at-home orders) or on retail trade or manufacturing activities at physical locations. As a result, many businesses curtailed operations and furloughed or terminated many positions. In the U.S., the government passed several measures through the legislature that were signed by the President and enacted into law. Those measures include the Coronavirus Aid, Relief, and Economic Security Act and the Families First Coronavirus Response Act. Both such acts attempt to provide short-term relief to families and businesses as a result of the economic impacts of the COVID-19 pandemic. As a result of the pandemic and related shelter-in-place or stay-at-home orders, we transitioned many of our teammates to remote work arrangements. In situations where a teammate’s role does not permit remote work (i.e., service repair technicians), we have implemented staggered work hours and other social distancing measures to promote the health and safety of our teammates and guests. As a result of the systems and infrastructure we had in place prior to the pandemic, we have been able to effectively maintain our back-office operations, financial reporting and internal control processes with minimal disruption. All of our store operations have been impacted by the crisis to varying degrees. During the end of the first quarter of 2020 and the first two months of the second quarter of 2020, the majority of our stores were not permitted to conduct retail sales of new and used vehicles at our physical locations. Those locations could offer virtual sales transactions with “contactless” delivery to customers. As of September 30, 2020, most of such restrictions have been relaxed; however, our stores remain subject to certain health and safety policies and practices that may affect the way we sell vehicles and interact with our guests. Due to the critical nature of automotive repair, our fixed operations were deemed “essential” by governmental agencies and have been able to continue to conduct business throughout the pandemic to date, but must maintain certain local standards for social distancing to promote the health and safety of our teammates and guests. The effects of the COVID-19 pandemic continue to evolve. While we currently expect to see continued economic recovery in the remainder of 2020 and into 2021, the ongoing pandemic may cause changes in customer behaviors, including a potential reduction in consumer spending for vehicles and automotive repairs, especially if the pandemic worsens or the regulatory environment changes in response to the pandemic. This may lead to increased asset recovery and valuation risks, such as impairment of additional long-lived assets. In addition, uncertainties in the global economy may negatively impact our suppliers and other business partners, which may interrupt our supply chain and require other changes to our operations. These and other factors may adversely impact our revenues, operating income and earnings per share financial measures. Based on the events and circumstances around the COVID-19 pandemic, during the first quarter of 2020, we evaluated our long-lived assets for impairment. This evaluation included reviews of fixed assets and related right-of-use assets, franchise assets and goodwill. As a result of this evaluation, we determined the carrying values of all long-lived assets to be recoverable at March 31, 2020 with the exception of goodwill related to our franchised dealership reporting unit, resulting in a non-cash goodwill impairment charge of $268.0 million. One of the primary factors which contributed to the conclusion that goodwill was impaired was the decline in the market value of Sonic’s stock between the announcement date of the pandemic on March 11, 2020 and March 31, 2020. Based on the improvement in our business operations and market value during the second and third quarters of 2020, as well as our future forecast expectations, no further impairment assessment was required. See Note 5 for further discussion. Recent Accounting Pronouncements – In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments - Credit Losses (Accounting Standards Codification (“ASC”) Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendment in this update replaced the previous incurred loss impairment methodology of recognizing credit losses when a loss is probable, with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to assess credit loss estimates. This ASU was effective for fiscal years beginning after December 15, 2019. We adopted this ASU as of January 1, 2020 and the effects of this ASU did not materially impact our unaudited condensed consolidated financial statements.
|
Business Acquisitions and Dispositions (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenues and Other Activities Associated with Disposed Dealerships Classified as Discontinued Operations | Revenues and other activities associated with disposed or terminated franchised dealerships classified as discontinued operations were as follows:
|
Inventories (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Inventories | Inventories consist of the following:
|
Property and Equipment (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Property and Equipment, Net | Property and equipment, net consists of the following:
(1)Classified in other current assets in the accompanying unaudited condensed consolidated balance sheets.
|
Long-Term Debt (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt | Long-term debt consists of the following:
(1)The interest rate on the 2016 Revolving Credit Facility (as defined below) was 150 basis points above the London Inter-bank Offered Rate (“LIBOR”) at both September 30, 2020 and December 31, 2019. (2)The interest rate on the 2019 Mortgage Facility (as defined below) was 150 and 200 basis points above LIBOR at September 30, 2020 and December 31, 2019, respectively.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Covenants Include Required Specified Ratios | were in compliance with the financial covenants under the 2016 Credit Facilities, the 2019 Mortgage Facility and the 2020 Line of Credit Facility as of September 30, 2020. Financial covenants include required specified ratios (as each is defined in the 2016 Credit Facilities, the 2019 Mortgage Facility and the 2020 Line of Credit Facility) of:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Interest Received and Paid under Term of Cash Flow Swap | Under the terms of the interest rate cap agreements, to the extent that the stated receive rate exceeds the stated cap rate, we will receive interest based on the following:
(1)Under these interest rate caps, no payment from the counterparty will occur unless the stated receive rate exceeds the stated cap rate, in which case a net payment to us from the counterparty, based on the spread between the receive rate and the cap rate, will be recognized as a reduction of interest expense, other, net in the accompanying unaudited condensed consolidated statements of operations. (2)The one-month LIBOR rate was approximately 0.148% at September 30, 2020.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.125% Notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument Redemption | We may redeem the 6.125% Notes, in whole or in part, at any time on or after March 15, 2022 at the following redemption prices, which are expressed as percentages of the principal amount:
|
Fair Value Measurements (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets and Liabilities Recorded at Fair Value | Assets and liabilities recorded at fair value in the accompanying unaudited condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019 are as follows:
(1)Included in other assets in the accompanying unaudited condensed consolidated balance sheets. (2)Included in other long-term liabilities in the accompanying unaudited condensed consolidated balance sheets.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value and Carrying Value of Significant Fixed Rate Long-Term Debt | At September 30, 2020 and December 31, 2019, the fair value and carrying value of Sonic’s significant fixed rate long-term debt were as follows:
(1)As determined by market quotations as of September 30, 2020 and December 31, 2019, respectively (Level 1). (2)As determined by discounted cash flows (Level 3) based on estimated current market interest rates for comparable instruments.
|
Accumulated Other Comprehensive Income (Loss) (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Changes in Accumulated Other Comprehensive Income (Loss) | The changes in accumulated other comprehensive income (loss) by component for the nine months ended September 30, 2020 are as follows:
(1)Net of tax expense of $221 related to cash flow hedges. (2)Net of tax benefit of $555 related to cash flow hedges.
|
Summary of Significant Accounting Policies - Cumulative Effect of Adjustments for Adoption of ASC 606 (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
|
Revenues: | |||||
Revenues | $ 2,548,545,000 | $ 2,702,720,000 | $ 6,968,487,000 | $ 7,705,939,000 | |
Cost of Sales: | |||||
Cost of Sales | (2,171,978,000) | (2,315,909,000) | (5,933,959,000) | (6,578,806,000) | |
Operating income (loss) | 96,433,000 | 65,196,000 | (71,898,000) | 215,484,000 | |
Assets: | |||||
Receivables, net | 286,938,000 | 286,938,000 | $ 432,742,000 | ||
Liabilities: | |||||
Other accrued liabilities | 246,958,000 | 246,958,000 | 266,211,000 | ||
Deferred income taxes | 0 | 0 | 8,927,000 | ||
Stockholders' Equity: | |||||
Retained Earnings (Accumulated Deficit) | 668,540,000 | 668,540,000 | 790,158,000 | ||
Parts, service and collision repair | |||||
Revenues: | |||||
Revenues | 320,929,000 | 352,047,000 | 914,667,000 | 1,048,789,000 | |
Cost of Sales: | |||||
Cost of Sales | (164,403,000) | (183,107,000) | (475,964,000) | (546,067,000) | |
Finance, insurance and other, net | |||||
Revenues: | |||||
Revenues | 126,784,000 | $ 126,841,000 | 352,848,000 | $ 351,429,000 | |
ASU 2014-09 | Finance, insurance and other, net | |||||
Assets: | |||||
Contract assets | $ 11,100,000 | $ 11,100,000 | $ 12,900,000 |
Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) |
Sep. 30, 2020 |
Dec. 31, 2019 |
---|---|---|
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $ 39,463,000 | $ 34,691,000 |
Finance Lease, Liability | 42,956,000 | |
Intangible assets | 64,300,000 | 64,300,000 |
Right-of-use asset | $ 337,774,000 | $ 337,842,000 |
Summary of Significant Accounting Policies - Activity (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
|
Accounting Policies [Abstract] | |||||
Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $ 39,463 | $ 39,463 | $ 34,691 | ||
Operating Lease, Right-of-Use Asset | 337,774 | 337,774 | $ 337,842 | ||
Finance Lease, Right-of-Use Asset, Amortization | $ (921) | $ (874) | $ (2,404) | $ (2,446) |
Summary of Significant Accounting Policies - Other Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Accounting Policies [Abstract] | ||||
Right-of-use assets obtained in exchange for new lease liabilities: Finance leases | $ 82 | $ 822 | $ 14,006 | $ 10,843 |
Right-of-use assets obtained in exchange for new lease liabilities: Operating leases | $ (9,162) | $ (7,053) | $ (44,559) | $ (1,885) |
Summary of Significant Accounting Policies - Undiscounted Lease Cash Flows (Details) |
Sep. 30, 2020
USD ($)
|
---|---|
Finance Lease, Liability, Payment, Due [Abstract] | |
Total | $ 81,033,000 |
Finance Lease, Liability | 42,956,000 |
Lessee, Operating Lease, Liability, Payment, Due [Abstract] | |
Lessee, Operating Lease, Liability, to be Paid, after Year Five | 237,759,000 |
Lease liabilities | $ 348,496,000 |
Business Acquisitions and Dispositions - Additional Information (Details) |
9 Months Ended | |
---|---|---|
Sep. 30, 2020
USD ($)
Business
|
Sep. 30, 2019
USD ($)
Business
|
|
Business Combinations [Abstract] | ||
Number of acquired franchises | 0 | |
Business Acquisition [Line Items] | ||
Number of franchises disposed | 4 | |
Net cash generated from disposition | $ | $ 8,800,000 | |
Number of franchises terminated | 1 | |
Proceeds from sales of dealerships | $ | $ 8,806,000 | $ 130,086,000 |
Luxury franchise | ||
Business Acquisition [Line Items] | ||
Number of franchises terminated | 1 | 1 |
Mid-line import franchise | ||
Business Acquisition [Line Items] | ||
Net cash generated from disposition | $ | $ 130,100 |
Business Acquisitions and Dispositions - Revenues and Other Activities Associated with Disposed Dealerships Classified as Discontinued Operations (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Pre-tax income (loss) | $ (234) | $ (223) | $ (808) | $ (616) |
Disposed dealerships classified as discontinued operations | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Income (loss) from operations | (234) | (223) | (808) | (616) |
Pre-tax income (loss) | (234) | (223) | (808) | (616) |
Total revenues | $ 0 | $ 0 | $ 0 | $ 0 |
Business Acquisitions and Dispositions - Revenues and Other Activities Associated with Disposed Dealerships That Remain in Continuing Operations (Details) - Disposed dealerships that remain in continuing operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Income (loss) from operations | $ (1,119) | $ 337 | $ (1,964) | $ (2,499) |
Gain (loss) on disposal | 3,388 | (823) | 2,273 | 45,570 |
Lease exit accrual adjustments and charges | 0 | 0 | 0 | 169 |
Pre-tax income (loss) | 2,269 | (486) | 309 | 43,240 |
Total revenues | $ 11,050 | $ 110,274 | $ 44,817 | $ 358,788 |
Inventories - Components of Inventories (Details) - USD ($) $ in Thousands |
Sep. 30, 2020 |
Dec. 31, 2019 |
---|---|---|
Inventory Disclosure [Abstract] | ||
New vehicles | $ 596,785 | $ 983,123 |
Used vehicles | 362,434 | 319,791 |
Service loaners | 127,526 | 152,278 |
Parts, accessories and other | 51,107 | 62,683 |
Net inventories | $ 1,137,852 | $ 1,517,875 |
Property and Equipment - Components of Property and Equipment, Net (Details) - USD ($) $ in Thousands |
Sep. 30, 2020 |
Dec. 31, 2019 |
---|---|---|
Property, Plant and Equipment [Line Items] | ||
Less accumulated depreciation | $ (659,044) | $ (616,611) |
Subtotal | 1,127,059 | 1,123,487 |
Less assets held for sale | (16,450) | (26,240) |
Property and equipment, net | 1,110,609 | 1,097,247 |
Land | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 384,046 | 373,301 |
Building and improvements | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 1,013,612 | 969,609 |
Furniture, fixtures and equipment | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 359,663 | 346,260 |
Construction in progress | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 28,782 | 50,928 |
Property, Plant and Equipment, Net, Excluding Capital Leased Assets | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | $ 1,786,103 | $ 1,740,098 |
Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Property, Plant and Equipment [Abstract] | ||||
Capital expenditures | $ 30,300 | $ 23,300 | $ 92,000 | $ 74,500 |
Impairment charges | $ 26 | $ 1,124 | 268,859 | 3,076 |
Impairment of Long-Lived Assets to be Disposed of | $ 900 | $ 3,100 |
Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
|
Goodwill and Intangible Assets Disclosure [Abstract] | |||||
Goodwill | $ 207,297 | $ 207,297 | $ 475,791 | ||
Net of accumulated impairment losses | 1,100,000 | 1,100,000 | 797,600 | ||
Income Tax Benefit Goodwill Impairment | 55,800 | ||||
Goodwill - Franchise Segment | 147,300 | 147,300 | 415,800 | ||
Goodwill - Preowned Segment | 60,000 | 60,000 | 60,000 | ||
Finite-Lived Intangible Assets [Line Items] | |||||
Goodwill | 207,297 | 207,297 | $ 475,791 | ||
Impairment charges | 26 | $ 1,124 | 268,859 | $ 3,076 | |
Franchise assets | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Franchise assets | $ 64,300 | $ 64,300 |
Long-Term Debt - Debt Redemption (Details) - 6.125% Notes |
9 Months Ended |
---|---|
Sep. 30, 2020 | |
Period One | |
Debt Instrument, Redemption [Line Items] | |
Redemption percentage of principal amount | 103.063% |
Period Two | |
Debt Instrument, Redemption [Line Items] | |
Redemption percentage of principal amount | 102.042% |
Period Three | |
Debt Instrument, Redemption [Line Items] | |
Redemption percentage of principal amount | 101.021% |
Period Four | |
Debt Instrument, Redemption [Line Items] | |
Redemption percentage of principal amount | 100.00% |
Long-Term Debt - Covenants (Details) $ in Millions |
Sep. 30, 2020
USD ($)
|
---|---|
Line of Credit Facility [Line Items] | |
Minimum Consolidated Liquidity Ratio | 117.00% |
Minimum Consolidated Fixed Charge Coverage Ratio | 185.00% |
Maximum Consolidated Total Lease Adjusted Leverage Ratio | 294.00% |
2016 Credit Facilities | |
Line of Credit Facility [Line Items] | |
Net income and retained earnings free of restrictions | $ 287.1 |
Minimum EBTDAR to rent ratio | 643.00% |
Required ratio | |
Line of Credit Facility [Line Items] | |
Minimum Consolidated Liquidity Ratio | 105.00% |
Minimum Consolidated Fixed Charge Coverage Ratio | 120.00% |
Maximum Consolidated Total Lease Adjusted Leverage Ratio | 575.00% |
Required ratio | 2016 Credit Facilities | |
Line of Credit Facility [Line Items] | |
Minimum EBTDAR to rent ratio | 150.00% |
Long-Term Debt - Derivative Instruments and Hedging Activities (Details) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||
---|---|---|---|---|---|---|
Mar. 09, 2018 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
|
Derivatives, Fair Value [Line Items] | ||||||
Derivative Cash Premium Paid | $ 2,500,000 | $ 2,800,000 | ||||
Derivative Instrument, Unamortized Premium | $ 2,600,000 | 3,700,000 | ||||
Incremental interest expense | $ 300,000 | 0 | $ 1,200,000 | |||
Net benefit expected to be reclassified | $ 0 | |||||
Interest rate swap and interest rate cap | Derivative instruments and hedging activities | ||||||
Derivatives, Fair Value [Line Items] | ||||||
Fair value of derivative | $ 100,000 | |||||
Net cash proceeds | $ 4,800,000 |
Long-Term Debt - Summary of Interest Received and Paid under Term of Cash Flow Swap (Details) |
Sep. 30, 2020
USD ($)
|
---|---|
Derivatives, Fair Value [Line Items] | |
One month LIBOR rate | 0.148% |
Cash Flow Swap D | |
Derivatives, Fair Value [Line Items] | |
Notional Amount | $ 312,500,000 |
Pay Rate | 2.00% |
Cash Flow Swap E | |
Derivatives, Fair Value [Line Items] | |
Notional Amount | $ 250,000,000.0 |
Pay Rate | 3.00% |
Cash Flow Swap F | |
Derivatives, Fair Value [Line Items] | |
Notional Amount | $ 225,000,000.0 |
Pay Rate | 3.00% |
Cash Flow Swap G | |
Derivatives, Fair Value [Line Items] | |
Notional Amount | $ 150,000,000.0 |
Pay Rate | 2.00% |
Cash Flow Swap H | |
Derivatives, Fair Value [Line Items] | |
Notional Amount | $ 250,000,000.0 |
Pay Rate | 3.00% |
Long-Term Debt - 2019 Mortgage Facility (Details) |
Sep. 30, 2020
$ / shares
|
---|---|
6.125% Notes | |
Debt Instrument [Line Items] | |
Maximum dividend (usd per share) | $ 0.12 |
2019 Mortgage Facility [Member] | |
Debt Instrument [Line Items] | |
Maximum dividend (usd per share) | $ 0.10 |
Per Share Data and Stockholders' Equity - Dilutive Effect on Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
|
Weighted Average Shares | ||||
Weighted average common shares outstanding | 42,510 | 43,078 | 42,687 | 42,995 |
Diluted earnings (loss) (shares) | 44,577 | 44,203 | 42,687 | 43,456 |
From Continuing Operations | ||||
Earnings (loss) | $ 59,988 | $ 29,168 | $ (108,147) | $ 98,268 |
Basic earnings (loss) per share (usd per share) | $ 1.41 | $ 0.68 | $ (2.53) | $ 2.28 |
From Discontinued Operations | ||||
Earnings (loss) | $ (170) | $ (158) | $ (577) | $ (437) |
Basic earnings (loss) per share (usd per share) | $ 0 | $ (0.01) | $ (0.02) | $ (0.01) |
Net Income (Loss) | ||||
Earnings (loss) | $ 59,818 | $ 29,010 | $ (108,724) | $ 97,831 |
Basic earnings (loss) per share (usd per share) | $ 1.41 | $ 0.67 | $ (2.55) | $ 2.27 |
Effect of dilutive securities: | ||||
Earnings (loss) per share from continuing operations (usd per share) | 1.35 | 0.66 | (2.53) | 2.26 |
Earnings (loss) per share from discontinued operations (usd per share) | (0.01) | 0 | (0.02) | (0.01) |
Earnings (loss) per common share (usd per share) | $ 1.34 | $ 0.66 | $ (2.55) | $ 2.25 |
Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions |
9 Months Ended | |
---|---|---|
Sep. 30, 2020 |
Dec. 31, 2019 |
|
Other Commitments [Line Items] | ||
Maximum exposure associated with general indemnifications | $ 29.3 | $ 46.5 |
General indemnifications minimum expiration period | 1 year | |
General indemnifications maximum expiration period | 3 years | |
Percentage of dealership that is accounted for under the equity method | 50.00% | |
Contingent liability reserve balance after reduction | $ 4.3 | |
Other accrued liabilities | ||
Other Commitments [Line Items] | ||
Amount reserved for pending proceedings | 0.3 | 1.2 |
Other long-term liabilities | ||
Other Commitments [Line Items] | ||
Amount reserved for pending proceedings | $ 0.2 | $ 0.3 |
Fair Value Measurements - Assets and Liabilities Recorded at Fair Value (Details) - USD ($) $ in Thousands |
9 Months Ended | |
---|---|---|
Sep. 30, 2020 |
Dec. 31, 2019 |
|
Fair Value, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Tangible Asset Impairment Charges | $ 268,900 | |
Fair Value Based on Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Cash surrender value of life insurance policies | 34,235 | $ 32,799 |
Cash flow swaps and interest rate caps designated as hedges | 1 | 97 |
Total assets | 34,236 | 32,896 |
Liabilities: | ||
Deferred compensation plan | 20,049 | 17,890 |
Total liabilities | $ 20,049 | 17,890 |
Fair Value Based on Significant Other Observable Inputs (Level 2) | Other accrued liabilities | ||
Liabilities: | ||
Cash flow swaps and interest rate caps designated as hedges | 0 | |
Fair Value Based on Significant Other Observable Inputs (Level 2) | Other long-term liabilities | ||
Liabilities: | ||
Cash flow swaps and interest rate caps designated as hedges | $ 0 |
Fair Value Measurements - Fair Value and Carrying Value of Significant Fixed Rate Long-Term Debt (Details) - USD ($) $ in Thousands |
Sep. 30, 2020 |
Dec. 31, 2019 |
Mar. 10, 2017 |
---|---|---|---|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Carrying Value | $ 733,597 | $ 706,886 | |
Mortgage Notes | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Fair Value | 220,297 | 195,962 | |
Carrying Value | $ 217,090 | 194,535 | |
5.0% Notes | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Stated interest rate | 5.00% | ||
6.125% Notes | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |||
Fair Value | $ 258,750 | 261,250 | |
Carrying Value | $ 250,000 | $ 250,000 | |
Stated interest rate | 6.125% | 6.125% |
Segment Information - Additional Information (Details) |
9 Months Ended |
---|---|
Sep. 30, 2020
Segment
| |
Segment Reporting [Abstract] | |
Number of operating segments | 2 |
Segment Information - Summary of Reportable Operating Segment (Details) |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2020
USD ($)
retail_Units
|
Sep. 30, 2019
USD ($)
retail_Units
|
Sep. 30, 2020
USD ($)
retail_Units
|
Sep. 30, 2019
USD ($)
retail_Units
|
Dec. 31, 2019
USD ($)
|
Dec. 31, 2018
USD ($)
|
|
Revenues: | ||||||
Total consolidated revenues | $ 2,548,545,000 | $ 2,702,720,000 | $ 6,968,487,000 | $ 7,705,939,000 | ||
Segment income (loss): | ||||||
Segment income (loss) | 96,433,000 | 65,196,000 | (71,898,000) | 215,484,000 | ||
Interest expense, other, net | (10,762,000) | (13,013,000) | (31,523,000) | (39,494,000) | ||
Other income (expense), net | 1,000 | (5,000) | 100,000 | 90,000 | ||
Income (loss) from continuing operations before taxes | 80,673,000 | 40,540,000 | (125,142,000) | 138,698,000 | ||
Executive transition costs | 6,300,000 | |||||
Impairment charges | $ (26,000) | $ (1,124,000) | (268,859,000) | (3,076,000) | ||
Impairment of Long-Lived Assets to be Disposed of | $ 900,000 | $ 3,100,000 | ||||
Retail Units | retail_Units | 65,590 | 72,600 | 184,409 | 205,914 | ||
Depreciation, Depletion and Amortization | $ 22,934,000 | $ 23,665,000 | $ 67,879,000 | $ 70,120,000 | ||
FloorPlanInterestExpense | 4,999,000 | 11,638,000 | 21,821,000 | 37,382,000 | ||
Interest Expense, Other | 10,762,000 | 13,013,000 | 31,523,000 | 39,494,000 | ||
Payments to Acquire Property, Plant, and Equipment | 30,322,000 | 23,315,000 | 92,056,000 | 74,549,000 | ||
Cash and cash equivalents | 125,739,000 | 2,401,000 | 125,739,000 | 2,401,000 | $ 29,103,000 | $ 5,854,000 |
Assets | 3,503,917,000 | 3,503,917,000 | 4,071,035,000 | |||
Gain on Franchise Disposal | 46,700,000 | |||||
Executive transition costs | 6,300,000 | |||||
Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 2,163,463,000 | 2,390,503,000 | 5,936,418,000 | 6,852,474,000 | ||
Segment income (loss): | ||||||
Interest expense, other, net | (10,615,000) | (12,607,000) | (30,771,000) | (38,214,000) | ||
Impairment charges | $ (900,000) | $ 0 | $ 268,000,000.0 | $ (26,000) | ||
Retail Units | retail_Units | 50,463 | 59,394 | 142,089 | 169,070 | ||
Depreciation, Depletion and Amortization | $ 20,170,000 | $ 20,967,000 | $ 59,654,000 | $ 62,348,000 | ||
FloorPlanInterestExpense | 4,234,000 | 10,679,000 | 19,517,000 | 34,781,000 | ||
Interest Expense, Other | 10,615,000 | 12,607,000 | 30,771,000 | 38,214,000 | ||
Payments to Acquire Property, Plant, and Equipment | 18,237,000 | 21,141,000 | 70,875,000 | 62,819,000 | ||
Assets | 2,975,380,000 | 2,975,380,000 | 3,797,878,000 | |||
EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 385,082,000 | 312,217,000 | 1,032,069,000 | 853,465,000 | ||
Segment income (loss): | ||||||
Interest expense, other, net | (147,000) | (406,000) | (752,000) | (1,280,000) | ||
Impairment charges | $ 0 | $ (1,124,000) | $ 0 | (3,050,000) | ||
Impairment of Long-Lived Assets to be Disposed of | $ 3,100,000 | |||||
Retail Units | retail_Units | 15,127 | 13,206 | 42,320 | 36,844 | ||
Depreciation, Depletion and Amortization | $ 2,764,000 | $ 2,698,000 | $ 8,225,000 | $ 7,772,000 | ||
FloorPlanInterestExpense | 765,000 | 959,000 | 2,304,000 | 2,601,000 | ||
Interest Expense, Other | 147,000 | 406,000 | 752,000 | 1,280,000 | ||
Payments to Acquire Property, Plant, and Equipment | 12,085,000 | 2,174,000 | 21,181,000 | 11,730,000 | ||
Assets | 402,798,000 | 402,798,000 | $ 244,054,000 | |||
Operating segments | ||||||
Segment income (loss): | ||||||
Segment income (loss) | 80,699,000 | 41,664,000 | 143,717,000 | 141,774,000 | ||
Operating segments | Franchised Dealerships Segment | ||||||
Segment income (loss): | ||||||
Segment income (loss) | 80,460,000 | 38,417,000 | 138,805,000 | 134,727,000 | ||
Operating segments | Franchised Dealerships Segment | Income (loss) from continuing operations before taxes | ||||||
Segment income (loss): | ||||||
Gain on disposal | 3,200,000 | |||||
Impairment charges | (1,100,000) | |||||
Operating segments | EchoPark Segment | ||||||
Segment income (loss): | ||||||
Segment income (loss) | 239,000 | 3,247,000 | 4,912,000 | 7,047,000 | ||
Reconciling items | ||||||
Segment income (loss): | ||||||
Interest expense, other, net | (268,859,000) | (3,076,000) | ||||
Other income (expense), net | 80,673,000 | 40,540,000 | (125,142,000) | 138,698,000 | ||
Impairment charges | 26,000 | 1,124,000 | ||||
Interest Expense, Other | 268,859,000 | 3,076,000 | ||||
New vehicles | ||||||
Revenues: | ||||||
Total consolidated revenues | 1,098,302,000 | 1,258,018,000 | 2,957,794,000 | 3,529,106,000 | ||
New vehicles | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 1,098,302,000 | 1,258,018,000 | 2,957,794,000 | 3,529,106,000 | ||
Used vehicles | ||||||
Revenues: | ||||||
Total consolidated revenues | 946,028,000 | 914,272,000 | 2,604,957,000 | 2,620,264,000 | ||
Used vehicles | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 615,565,000 | 648,006,000 | 1,718,151,000 | 1,889,045,000 | ||
Used vehicles | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 330,463,000 | 266,266,000 | 886,806,000 | 731,219,000 | ||
Wholesale vehicles | ||||||
Revenues: | ||||||
Total consolidated revenues | 56,502,000 | 51,542,000 | 138,221,000 | 156,351,000 | ||
Wholesale vehicles | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 48,526,000 | 44,517,000 | 119,474,000 | 140,770,000 | ||
Wholesale vehicles | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 7,976,000 | 7,025,000 | 18,747,000 | 15,581,000 | ||
Parts, service and collision repair | ||||||
Revenues: | ||||||
Total consolidated revenues | 320,929,000 | 352,047,000 | 914,667,000 | 1,048,789,000 | ||
Parts, service and collision repair | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 310,035,000 | 343,820,000 | 886,534,000 | 1,027,382,000 | ||
Parts, service and collision repair | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 10,894,000 | 8,227,000 | 28,133,000 | 21,407,000 | ||
Finance, insurance and other, net | ||||||
Revenues: | ||||||
Total consolidated revenues | 126,784,000 | 126,841,000 | 352,848,000 | 351,429,000 | ||
Finance, insurance and other, net | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 91,035,000 | 96,142,000 | 254,465,000 | 266,171,000 | ||
Finance, insurance and other, net | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | $ 35,749,000 | $ 30,699,000 | $ 98,383,000 | $ 85,258,000 |
Leases, Codification Topic 842 (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
|
Leases [Abstract] | |||||
Finance Lease, Right-of-Use Asset, after Accumulated Amortization | $ 39,463,000 | $ 39,463,000 | $ 34,691,000 | ||
Lessor, Operating Lease, Payments to be Received, Five Years | 5,042,000 | 5,042,000 | |||
Right-of-use asset | 337,774,000 | 337,774,000 | $ 337,842,000 | ||
Lease, Cost | $ 17,686,000 | $ 16,216,000 | $ 50,551,000 | $ 49,638,000 |
Business Combinations (Details) |
9 Months Ended |
---|---|
Sep. 30, 2020
Business
| |
Business Combinations [Abstract] | |
Number of franchises terminated | 1 |
Business Combinations (Details) |
9 Months Ended |
---|---|
Sep. 30, 2020
Business
| |
Business Combinations [Abstract] | |
Number of franchises terminated | 1 |
0%)I2WB_"W)N"0O][R -D*_SOWS8N[!&30X@^.6
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MPEW#.F@>2N._4$L#!!0 ( F 75$]W#%$T@D -@S 8 >&PO=V]R
M:W-H965T BN@N^R
ML65J:)"-NX5I1T+Q9&W)N)R;Z,W,JL5;R /U;B-18G>O&=]PG(@S 0*8$,#OA!VSY
M.*K[5T.8\X_LD'\\-I@@&<@C:I V(5"" 8R 4H/1BX""ZWY*G(UD81MY:YK#
MTQ7F+U'))*9 O "2)82"9 B0K7AI,-E- 3;1\6[H[/;?.4<67B+[D-7Y.#)9
M55@-KU]#P\:!E?;YW ZK;J4YJ&7.J;&P4TM!*UWU(:/R9EE/'!(_GE6S>GN\
M7 JZ_VA\%+E4\?YC\5$7[%+R_2?BP]@EBWN>AK-O+&S?#C#4IV;'<.3[*2]V
M5Y!XN^ODDM!]AC",[3-TJ+9=BIQY8V'SABC:#M6CR(B/"A@?90-&[]/AH]J
MD?MT^# ;,+J'#6?)6-B2?>_VY&PT9,\V&I[,#A5U5"Z;NLF*B24,\N";(F']
MN!<8 ,:)]H8.JDW%>I\)!+->%E/!G0WCAVS8;-DR<8J6<>?+>-B7_5-:MFYV
M-S3Y7C0-