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Sonic Automotive to ramp up expansion efforts this year

2015-01-27 07:29:55| Auto Dealers - Topix.net

Charlotte-based Sonic Automotive is eyeing expansion this year with plans to acquire more dealerships, open more standalone used-car stores and spend roughly $200 million on real estate and buildings. Company President Scott Smith told the Observer on Monday that Sonic is looking to buy dealerships from smaller auto dealers ready to exit their business.

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