Sonic Automotive Inc. intends to pursue acquisitions. The company plans to acquire stores in 2013 that will add $200 million to $500 million in annual revenues, Sonic President Scott Smith told Automotive News. "Now we feel we've gotten everything in order, and the company is in the best financial situation it's ever been in," Smith said.

"Our aim would be to grow at a reasonable pace through some acquisitions and organically going forward."