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Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information 10. Segment InformationAs of June 30, 2021, Sonic had two operating segments: (1) retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle maintenance, warranty and repair services, and arrange finance and insurance products (the “Franchised Dealerships Segment”); and (2) pre-owned vehicle specialty retail locations that provide guests an opportunity to search our nationwide inventory, purchase a vehicle, select finance and insurance products and sell their current vehicle to us (the “EchoPark Segment”). Sonic has determined that its operating segments also represent its reportable segments.
The reportable segments identified above are the business activities of Sonic for which discrete financial information is available and for which operating results are regularly reviewed by Sonic’s chief operating decision maker to assess operating performance and allocate resources. Sonic’s chief operating decision maker is a group of three individuals consisting of: (1) the Company’s Chief Executive Officer; (2) the Company’s President; and (3) the Company’s Chief Financial Officer.

Reportable segment financial information for the three and six months ended June 30, 2021 and 2020 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Segment Revenues:
Franchised Dealerships Segment revenues:
New vehicles$1,461,984 $900,003 $2,618,301 $1,859,492 
Used vehicles761,524 535,699 1,423,059 1,102,587 
Wholesale vehicles62,956 28,509 119,160 70,948 
Parts, service and collision repair346,118 251,998 654,194 576,499 
Finance, insurance and other, net124,060 80,401 221,586 163,429 
Franchised Dealerships Segment revenues$2,756,642 $1,796,610 $5,036,300 $3,772,955 
EchoPark Segment revenues:
New vehicles$909 $— $909 $— 
Used vehicles505,172 273,178 933,735 556,343 
Wholesale vehicles21,851 4,666 40,454 10,770 
Parts, service and collision repair14,478 7,060 27,315 17,239 
Finance, insurance and other, net53,194 30,372 100,330 62,635 
EchoPark Segment revenues$595,604 $315,276 $1,102,743 $646,987 
Total consolidated revenues$3,352,246 $2,111,886 $6,139,043 $4,419,942 
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands, except unit data)
Segment Income (Loss) (1):
Franchised Dealerships Segment$165,415 $35,689 $235,957 $58,346 
EchoPark Segment(14,394)2,577 (12,384)4,672 
Total segment income (loss)$151,021 $38,266 $223,573 $63,018 
Impairment charges (2)— (833)— (268,833)
Income (loss) from continuing operations before taxes$151,021 $37,433 $223,573 $(205,815)
Retail New and Used Vehicle Unit Sales Volume:
Franchised Dealerships Segment59,038 43,864 110,632 91,626 
EchoPark Segment21,275 13,207 40,945 27,193 
Total retail new and used vehicle unit sales volume80,313 57,071 151,577 118,819 

(1)Segment income (loss) for each segment is defined as income (loss) from continuing operations before taxes and impairment charges.
(2)For the three months ended June 30, 2020, the above amount includes a pre-tax impairment charge of approximately $0.8 million related to the abandonment of certain construction projects. For the six months ended June 30, 2020, the above amount includes a pre-tax impairment charge of approximately $268.0 million related to adjustments in fair value of goodwill for the Franchised Dealerships Segment as a result of the economic disruptions due to the worldwide spread of COVID-19 which had adversely affected our business, as well as a pre-tax impairment charge of approximately $0.8 million related to the abandonment of certain construction projects.
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Impairment Charges:
Franchised Dealerships Segment$— $833 $— $268,833 
EchoPark Segment— — — — 
Total impairment charges$— $833 $— $268,833 
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Depreciation and Amortization:
Franchised Dealerships Segment$20,616 $19,895 $40,992 $39,484 
EchoPark Segment4,145 2,752 7,456 5,460 
Total depreciation and amortization$24,761 $22,647 $48,448 $44,944 

Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Floor Plan Interest Expense:
Franchised Dealerships Segment$3,155 $5,675 $7,271 $15,283 
EchoPark Segment1,174 639 2,170 1,539 
Total floor plan interest expense$4,329 $6,314 $9,441 $16,822 

Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Interest Expense, Other, Net:
Franchised Dealerships Segment$9,723 $9,556 $19,682 $20,156 
EchoPark Segment354 241 681 606 
Total interest expense, other, net$10,077 $9,797 $20,363 $20,762 
Three Months Ended June 30,Six Months Ended June 30,
2021202020212020
(In thousands)
Capital Expenditures:
Franchised Dealerships Segment$25,506 $35,388 $71,677 $52,637 
EchoPark Segment11,923 6,540 33,414 9,096 
Total capital expenditures$37,429 $41,928 $105,091 $61,733 
June 30, 2021December 31, 2020
(In thousands)
Assets:
Franchised Dealerships Segment assets$2,742,475 $3,096,811 
EchoPark Segment assets674,253 478,869 
Corporate and other:
Cash and cash equivalents239,617 170,313 
Other corporate assets— — 
Total assets$3,656,345 $3,745,993