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Sonic Automotive Comments on Impact of Japan Situation


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CHARLOTTE, NCMarch 17, 2011: Sonic Automotive, Inc. , one of the nation's largest automotive retailers, wishes to express its sympathy to all of the families of its manufacturer partners affected by the recent natural disaster in Japan.  Sonic Automotive is proud of its long history with the Japanese import brands.

Jeff Dyke, Sonic's Executive VP of Retail Operations, stated, "Our thoughts and prayers are with all those families affected by this unprecedented natural disaster."

Commenting on the impact on Sonic Automotive, "We await further news as these companies continue to evaluate the impact of these events on their supply chain and manufacturing capacity.  Between inventory we have on the ground and what is available from the manufacturers, we believe we have adequate inventory based on the information that we have.  Our used vehicle buying organization is prepared to supplement our new vehicle inventory with quality nearly-new used vehicles should the manufacturing disruptions interrupt new vehicle inventory supplies longer than currently anticipated.  We don't expect any disruption to our business over the remainder of the first quarter and into the early second quarter."

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, N.C., is one of the nation's largest automotive retailers.