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National Press Release

Sonic Automotive, Inc. Extends 10-K Filing Date

Published 2009-03-16 16:09
By Sonic Automotive, Inc.

CHARLOTTE, N.C., March 16 /PRNewswire-FirstCall/ -- Sonic Automotive, Inc. (NYSE: SAH), today announced that it has filed a Form 12b-25 with the Securities Exchange Commission to extend the filing date of its 2008 Annual Report on Form 10-K to March 31, 2009. The reasons for the extension of the filing date are set forth in the Form 12b-25. The Company will publish a time for the release of its fourth quarter and full year 2008 earnings at a later date.

The Company is continuing to work with its financial advisor, Moelis & Company, to address the Company's 2009 and 2010 debt maturities and is in discussions with certain of its creditors with respect thereto.

About Sonic Automotive

Sonic Automotive, Inc., a Fortune 300 company based in Charlotte, N.C., is one of the largest automotive retailers in the United States operating 164 franchises. Sonic can be reached on the Web at www.sonicautomotive.com.

Included herein are forward-looking statements, including statements regarding the timing of the Company's release of fourth quarter and full year 2008 earnings, and efforts to address the Company's 2009 and 2010 debt maturities. There are many factors that affect management's views about future events and trends of the Company's business. These factors involve risk and uncertainties that could cause actual results or trends to differ materially from management's view, including without limitation, economic conditions, credit market conditions and the risk factors described in the Company's quarterly report on Form 10-Q for the quarter ended September 30, 2008. The Company does not undertake any obligation to update forward-looking information.

SOURCE Sonic Automotive, Inc.



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