Exhibit 99.2

Cautionary Notice Regarding
Forward-Looking Statements
•
This presentation contains statements that constitute
“forward-looking statements”
within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934.
•
These forward-looking statements are not historical facts, but
only predictions by our company and/or our company’s
management.
•
These statements generally can be identified by lead-in words
such as “believe,”
“expect”
“anticipate,”
“intend,”
“plan,”
“foresee”
and other similar words.  Similarly, statements that
describe our company’s objectives, plans or goals are also
forward-looking statements.
•
You are cautioned that these forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially
from those projected in the forward-looking statements as a
results of various factors. Among others, factors that could
materially adversely affect actual results and performance
include those risk factors that are listed in Sonic Automotive’s
Form 10-Q for the quarter ended June 30, 2007.

Sonic Automotive
Third Quarter 2007
Earnings Review
October 30, 2007

The Quarter in Review
•
Profit from continuing operations up 9.4%
•
Total revenue up 5.7%; Gross up 6.0%
–
Same store used vehicle revenue up 11.1%
–
F&I per unit up 5.0%
•
Operating margin improved 10bps to 3.7%
•
SG&A 74.4% -
down 40bps from Q3 06
1
EXECUTION OF KEY INTIATIVES CONTINUES
Used vehicles, F&I, fixed operations, cost management

2007
2006
Better/
(Worse)
(amounts in millions, except per share data)
Revenue
$2,186
$2,068
$118
Gross Profit
$335
$316
$19
   – Margin
15.3%
15.3%
Operating Profit
   – Amount
$80
$74
$6
   – Margin
3.7%
3.6%
Net Income
   – Continuing Operations
$31.8
$29.0
$2.8
   – Total Operations
26.1
28.6
(2.5)
EPS
   – Continuing Operations
$0.70
$0.66
$0.04
   – Total Operations
0.58
0.65
(0.07)
Q3
Performance Overview
2
5.7%
6.0%
8.5%
10bps
9.4%
(8.7%)
6.0%
(10.8%)

$0.60
$0.61
$0.62
$0.63
$0.64
$0.65
$0.66
$0.67
$0.68
$0.69
$0.70
($0.03)
$0.66
$0.70
($0.02)
$0.09
Performance Overview
EPS
3

Performance Overview
Same Store Revenue Growth
Execution in Motion
Execution in Motion
Same store retail used volume up 5.4%
Fixed Operations same store customer pay revenue up 5.4% (up 9.8% in total)
F&I per unit up $51 on a same store basis
(0.8%)
11.1%
2.3%
3.4%
1.8%
(15.8%)
0.7%
New
Used
Fixed Operations
F&I
Sub Total
Wholesale
Total
4

Used Vehicle Performance
Execution in Motion
Trade Desk
Phase II
Phase III
Web-Tail
Maximize Margin
Volume Growth
Increased Profitability
Right inventory, Right Location, Right Price
On-line
Branding
Virtual Lot
Sonic “Auto
Pilot”
Optimizing
Inventory
Market Shift to
Consumer
Control
•7 Quarters of Same store
volume improvement
•Net Margin up
•CPO % stable
Basic Process rollout (best practices)
Less Wholesale/Keep more trades
Common Technology (S.I.M.S)
5
Inventory
Control
Technology
Introduction
Phase I

SG&A Expenses
Execution in Motion
7.9%
66.9%
66.6%
7.8%
Q3 2007
Q3 2006
All Other SG&A
Rent
74.4%
74.8%
40 bps
6

28.6% of Total 
Revenue
Same store
used, F&I up
New Margin
compression
remains a
concern
7.4% of Total Revenue
Impacted by construction
at our large Toyota
dealership
2.6% Total Revenue
Unemployment Rate (as of Sep) 7.5%
Excluding Michigan, Sonic Cadillac
new unit volume performed better
than the Industry
Geographic Review
24.9% of Total Revenue
Overall good performance
14.8% of Total
Revenue
Improvement in
all areas
Difficult Sales Environment
Stable Sales Environment
7

Inventory Management
Days Supply
Sep-07
Sep 07
Industry
New Vehicles
Domestic
(excluding Cadillac)
51.9
70.3
Luxury (
including Cadillac)
41.3
40.6
Import
40.9
45.6
Overall
43.6
57.3
Used Vehicles
37.0
8

Debt to Capital Ratio
(1)
(1) –
Net of Cash
35 -40%
39.1%
39.4%
41.2%
41.9%
Q4 2006
Q1 2007
Q2 2007
Q3 2007
Target
9
•Long Beach BMW/Mini
•Two mortgages in place; 
Two more to close in Q4
•CAC sale
•Share repurchases

Q4 Outlook
•
Generally stable operating environment
–
New vehicle softness offset by other opportunities
–
Stable margins and expense levels
–
Strength in certain markets and brands will be offset by softness in others
•
Reaffirming
EPS
target
to
$2.50
–
$2.60
–
Includes impact of closed acquisitions
–
Continued execution of key initiatives and expense control
•
Increased share repurchase authorization by $40 million
–
$33 million repurchased in the quarter; $43 million year to date
–
Prudent and opportunistic purchases; continue to pick away at dilution
10

Summary
•
Top priority -
Execution of key initiatives
•
Executing disciplined and prudent acquisition
strategy
•
Strategy is sound; team focused on delivering
results
11
Reaffirming Full Year Guidance                
$2.50 -
$2.60