EX-99.2

FORWARD-LOOKING STATEMENTS

This presentation contains “forward-looking statements” within the meaning of the Private Securities

Litigation Reform Act of 1995. These statements relate to future events, are not historical facts and are

based on our current expectations and assumptions regarding our business, the economy and other

future conditions. These statements can generally be identified by lead-in words such as “believe”,

“expect”, “anticipate”, “intend”, “plan”, “foresee”, “may” ,”will” and other similar words. Statements

that describe our Company’s objectives, plans or goals are also forward-looking statements. Examples

of such forward-looking information we may be discussing in this presentation include, without

limitation, anticipated 2014 industry new vehicle sales volume, the implementation of growth and

operating strategies, including acquisitions of dealerships and properties, the development of open

points and stand-alone pre-owned stores, the return of capital to shareholders , anticipated future

success and impacts from the implementation of our strategic initiatives and earnings per share

expectations.

You are cautioned that these forward-looking statements are not guarantees of future performance,

involve risks and uncertainties and actual results may differ materially from those projected in the

forward-looking statements as a result of various factors. These risks and uncertainties include, among

other things, (a) economic conditions in the markets in which we operate, (b) the success of our

operational strategies, (c) our relationships with the automobile manufacturers, (d) new and pre-owned

vehicle sales volume, and (e) earnings expectations for the year ended December 31, 2014. These risks

and uncertainties, as well as additional factors that could affect our forward-looking statements, are

described in our Form 10-K for the year ending December 31, 2012.

These forward-looking statements, risks, uncertainties and additional factors speak only as of the date of

this presentation. We undertake no obligation to update any such statements.

Q4 RESULTS

Revenue

growth

–

5.8%

New

retail

revenue

3.1%

volume

0.7%

Pre-owned revenue up 12.7% -

unit volume up 10.1%

F&I revenue up 6.6%

Fixed operations revenue up 10.4%

Gross

profit

growth

–

7.8%

SG&A

75.2%

Includes

180

bps

initiative

expenses

Adjusted income from continuing operations up $6.8 million, or

23.4%

(1)

Adjusted diluted earnings per share from continuing operations

of $0.67, up 29%

(1)

(1) –

See appendix for reconciliation of adjusted amounts to GAAP amounts.

ADJUSTED Q4 2013 RESULTS

B/(W) than Q4

2012

B/(W) than 2012

(amounts in millions, except per share data)

Q4 2013

2013

Revenue

$ 2,315

$ 127

$ 8,843

$ 478

Gross Profit

$ 339

$ 25

$ 1,302

$ 67

Operating Profit

(1)

$ 69

$ 4

$ 244

$ 4

Interest & Other

(1)

($ 19)

$ 1

($ 77)

$ 2

Continuing Ops:

Profit (after tax)

(1)

$ 36

$ 7

23%

$ 108

$ 8

Diluted EPS

(1)

$ 0.67

$ 0.15

29%

$ 2.03

$ 0.31

18%

SG&A as % of Gross

75.2%

20 bps

77.1%

(30 bps)

Discontinued Ops Profit/(Loss) (after tax)

($ 1)

($ 3)

($ 1)

(1) –

Amounts are adjusted. See appendix for reconciliation of adjusted amounts to GAAP amounts

2014 PLAN

2014 Plan

Expect new car industry volume to be between 15.75M to

16.25M units

We will continue to increase pre-owned volume in the mid-

single digits

Expect fixed operations to grow at mid-single digits

Expenses related to pre-owned and customer experience

initiatives to continue

2014 Continued Ops EPS Guidance:

New Car Franchise Business

$2.09 - $2.19

Effect of stand-alone pre-owned initiative ($0.14)

Total Sonic w/Standalone Pre-Owned Ops

$1.95 - $2.05

Reconciliation of Non-GAAP Financial Information

Fourth Quarter Ended December 31,

Adjusted 2013 B/(W)

2013

2012

than Adjusted 2012

($ in millions, shares in

thousands, except per share data)

Reported

Adjustments

Adjusted

Reported

Adjustments

Adjusted

Revenues

2,315.4

2,188.7

126.6

5.8%

Gross profit

338.7

314.1

24.6

7.8%

Gross margin

14.6%

14.4%

bps

SG&A

(254.6)

(236.8)

(17.8)

(7.5%)

SG&A as % of gross profit

75.2%

75.4%

bps

Impairment charges

(9.8)

9.8

(1)

(0.4)

0.4

100.0%

Depreciation and amortization

(15.0)

(11.9)

(3.1)

(26.1%)

Operating income

59.3

9.8

69.1

65.1

4.0

6.2%

Operating margin

2.6%

3.0%

0 bps

Interest expense, floor plan

(5.7)

(5.5)

(0.2)

(2.8%)

Interest expense, other, net

(13.2)

(14.2)

1.0

7.3%

Other income (expense), net

0.0

0.2

(0.2)

(99.5%)

Income (loss) from continuing operations

29.6

6.0

35.5

28.8

6.8

23.4%

Income (loss) from discontinued operations

(1.5)

1.6

(3.1)

(193.0%)

Net income (loss)

28.1

6.0

34.1

30.4

3.7

12.1%

Diluted earnings (loss) per common share:

Earnings (loss) per share

from continuing operations

0.55

0.12

0.67

0.52

0.15

28.8%

Earnings (loss) per share from

discontinued operations

(0.02)

(0.01)

(0.03)

0.03

(0.06)

(200.0%)

Earnings (loss) per common share

0.53

0.11

0.64

0.55

0.09

16.4%

Weighted average shares outstanding

52,974

54,763

(1) Represents property, equipment and franchise asset impairment charges.

This release contains certain non-GAAP financial measures (the "Adjusted" columns) as defined under SEC rules, such as, but not limited to, adjusted income from continuing operations and

related earnings per share data. The Company has reconciled these measures to the most directly comparable GAAP measures (the "Reported" columns) in the release. The Company believes

that these non-GAAP financial measures improve the transparency of the Company’s disclosure by providing period-to-period comparability of the Company’s results from operations.

Reconciliation of Non-GAAP Financial Information

Year Ended December 31,

Adjusted 2013 B/(W)

2013

2012

than Adjusted 2012

($ in millions, shares in

thousands, except per share data)

Reported

Adjustments

Adjusted

Reported

Adjustments

Adjusted

Revenues

8,843.2

8,365.5

477.7

5.7%

Gross profit

1,301.6

1,235.2

66.5

5.4%

Gross margin

14.7%

14.8%

(10) bps

SG&A

(1,003.1)

(949.0)

(54.1)

(5.7%)

SG&A as % of gross profit

77.1%

76.8%

(30) bps

Impairment charges

(9.9)

9.9

(1)

(0.4)

0.4

100.0%

Depreciation and amortization

(54.0)

(45.3)

(8.7)

(19.3%)

Operating income

234.6

9.9

244.5

240.4

4.1

1.7%

Operating margin

2.7%

2.8%

2.9%

(10) bps

Interest expense, floor plan

(22.0)

(19.5)

(2.5)

(12.9%)

Interest expense, other, net

(55.5)

0.8

(2)

(54.7)

(60.1)

1.2

(4)

(58.9)

4.2

7.2%

Other income (expense), net

(28.1)

28.2

(3)

0.1

(19.6)

19.9

(5)

0.3

(0.2)

(66.3%)

Income (loss) from continuing operations

84.7

23.7

108.4

91.3

9.3

(6)

100.5

7.9

7.8%

Income (loss) from discontinued operations

(3.1)

(2.2)

(0.9)

(41.7%)

Net income (loss)

81.6

23.7

105.3

89.1

9.3

98.4

7.0

7.1%

Diluted earnings (loss) per common share:

Earnings (loss) per share

from continuing operations

1.59

0.44

2.03

1.56

0.16

1.72

0.31

18.0%

Earnings (loss) per share from

discontinued operations

(0.06)

0.01

(0.05)

(0.03)

(0.01)

(0.04)

(0.01)

(25.0%)

Earnings (loss) per common share

1.53

0.45

1.98

1.53

0.15

1.68

0.30

17.9%

Weighted average shares outstanding

52,941

60,406

(1) Represents property, equipment and franchise asset impairment charges.

(2) Represents double-carry interest on the 9.0% Senior Subordinated Notes.

(3) Represents loss on extinguishment of the 9.0% Senior Subordinated Notes.

(4) Represents double-carry interest on the 7.0% Senior Subordinated Notes.

(5) Represents loss on extinguishment of the 5.0% Convertible Senior Notes.

(6) Includes tax adjustments related to the settlement of certain tax matters and the tax effect of items (4) and (5) above.

Reconciliation of Non-GAAP Financial Information

Fourth Quarter Ended December 31, 2013

Continuing Operations

Discontinued Operations

Total Operations

($ in millions, shares in

thousands, except per share data)

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Reported basic

29.6

52,492

(1.5)

52,492

28.1

52,492

Effect of dilutive securities:

Two class method

(0.2)

Stock compensation plans

482

Reported diluted

29.4

52,974

0.55

(1.5)

52,974

(0.02)

27.9

52,974

0.53

Adjustments (tax-effected):

Impairment charges

6.0

Adjusted diluted

35.3

52,974

0.67

(1.5)

52,974

(0.03)

33.9

52,974

0.64

Reconciliation of Non-GAAP Financial Information

Fourth Quarter Ended December 31, 2012

Continuing Operations

Discontinued Operations

Total Operations

($ in millions, shares in

thousands, except per share data)

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Reported basic

28.8

54,289

1.6

54,289

30.4

54,289

Effect of dilutive securities:

Two class method

(0.4)

Contingently convertible debt

Stock compensation plans

474

Reported diluted

28.4

54,763

0.52

1.6

54,763

0.03

29.9

54,763

0.55

Reconciliation of Non-GAAP Financial Information

Year Ended December 31, 2013

Continuing Operations

Discontinued Operations

Total Operations

($ in millions, shares in

thousands, except per share data)

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Reported basic

84.7

52,556

(3.1)

52,556

81.6

52,556

Effect of dilutive securities:

Two class method

(0.6)

Contingently convertible debt

Stock compensation plans

385

Reported diluted

84.1

52,941

1.59

(3.1)

52,941

(0.06)

81.0

52,941

1.53

Adjustments (tax-effected):

Impairment charges

6.0

Double-carry interest

0.5

Debt extinguishment charges

17.2

Subtotal

107.8

52,941

2.04

(3.1)

52,941

(0.06)

104.7

52,941

1.98

Effect of dilutive securities:

Two class method & rounding

(0.2)

Adjusted diluted

107.6

52,941

2.03

(3.1)

52,941

(0.05)

104.6

52,941

1.98

Reconciliation of Non-GAAP Financial Information

Year Ended December 31, 2012

Continuing Operations

Discontinued Operations

Total Operations

($ in millions, shares in

thousands, except per share data)

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Net Income

(Loss):

Numerator

Count:

Denominator

Diluted

EPS

Reported basic

91.3

53,550

(2.2)

53,550

89.1

53,550

Effect of dilutive securities:

Two class method

(1.4)

Contingently convertible debt

4.6

6,411

0.1

6,411

4.7

6,411

Stock compensation plans

445

Reported diluted

94.5

60,406

1.56

(2.1)

60,406

(0.03)

92.4

60,406

1.53

Adjustments (tax-effected):

Double-carry interest

0.7

Debt extinguishment charges

12.1

Settlement of tax matters

(3.6)

Subtotal

103.8

60,406

1.72

(2.1)

60,406

(0.04)

101.7

60,406

1.68

Effect of dilutive securities:

Two class method

(0.1)

Adjusted diluted

103.6

60,406

1.72

(2.1)

60,406

(0.04)

101.5

60,406

1.68