Sonic says closed EchoPark stores can ‘turn the lights on’ quickly if market continues improving
Photo by Joe Overby
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Friday, Jul. 28, 2023, 02:02 PM
Andrew Friedlander, Associate Editor
Sonic Automotive said Thursday it will be able to “turn the lights on” quickly at its shuttered EchoPark stores if used vehicle wholesale prices continue to drop and market conditions improve, company executives said in its quarterly earnings call. In June, Sonic suspended operations indefinitely at eight of its EchoPark used car stores, 14 related […]