Day: April 30, 2021

EchoPark Used-Car Dealerships Gain Momentum In Q1 For Sonic Automotive

A more ambitious expansion of EchoPark dealerships — a network of used-car-only stores owned by new-car dealership chain Sonic Automotive — is off to a promising start, company executives said.

“We sold almost 20,000 cars,” in the first quarter at EchoPark dealerships, an increase of more than 40% vs. a year ago, said Sonic CEO David Smith, in a phone interview April 29, following up on Sonic’s first-quarter earnings announcement.

The increase is largely because Sonic is adding more EchoPark stores, but Smith said some new EchoPark locations are also reaching operating profits faster than expected. Newly added markets include Phoenix, Birmingham, Ala., and Charleston, S.C.

EchoPark revenues were $507.1 million for the quarter, up 53% vs. a year ago. Pre-tax earnings for EchoPark were $2 million, down 4%.

Sonic, based in Charlotte, N.C., opened its first EchoPark location in late 2014.

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3 Undervalued Automotive Stocks to Scoop Up Now By StockNews


© Reuters. 3 Undervalued Automotive Stocks to Scoop Up Now

New car sales plunged amid the COVID-19 pandemic, but the automotive industry seems now to be on a path to recovery. So, we think it is wise to bet on undervalued automotive companies Oshkosh (NYSE:), AutoNation (NYSE:), and Isuzu Motors (ISUZY) to reap maximum benefits. Let’s discuss.Global car sales fell sharply amid the COVID-19 pandemic as people retreated to their homes, where they spent most of their time under lockdown mandates with nary a thought for automobile purchasing. With the gradual economic recovery, however, companies in the sector are witnessing increase in demand. In fact, in March, the U.S. vehicle market witnessed a strong recovery and saw its first quarter 2021 sales rebound to pre-pandemic levels.

Governments worldwide are pushing for increased use of electric vehicles (EVs) to transition their countries to a clean energy future. The demand for conventional,

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Florida International University Faculty Of Law

Space law is a comparatively new subject coping with elements of worldwide law regarding human activities in Earth orbit and outer space. While at first addressing area relations of nations by way of treaties, increasingly it is addressing areas such as space commercialisation, property, liability, and different issues. Law and commerceCompany law sprang from the law of trusts, on the precept of separating ownership of property and control. The law of the modern firm started with the Joint Stock Companies Act 1856, handed within the United Kingdom, which supplied traders with a easy registration procedure to achieve limited liability under the separate legal personality of the corporation.

During the previous few decades, one of many elementary features of the motion of Islamic resurgence has been the call to restore the Sharia, which has generated an unlimited amount of literature and affected world politics. The Catholic Church has the oldest continuously … Read More

Virus Wave, Lack Of Components Hold Back German Business Optimism

These points normally have the front cover full of footage of people from the list and dedicate a considerable quantity of house inside the journal to the a hundred articles about each particular person on the record. In some circumstances, over one hundred individuals have been included, as when two people have made the listing together, sharing one spot. The distinction is supposed to go to the one who, “for good or sick”, has most affected the course of the 12 months; it’s, therefore, not essentially an honor or a reward. In the previous, such figures as Adolf Hitler and Joseph Stalin have been Man of the Year. In October 2020, for the first time in its 97-year historical past, the journal changed its cowl brand, changing the traditional TIME brand with the logo “VOTE”. “Few events will shape the world to come back greater than the result of the … Read More