Sonic Automotive continues to expand its standalone used-car store program, announcing Tuesday that it has opened an EchoPark delivery center in Augusta, Ga.

This is Sonic’s third EchoPark facility in the state and 32nd overall.

“With the opening of our newest EchoPark delivery center, we continue to grow our network in the state of Georgia, adding to our two existing locations in Duluth and Marietta serving the Atlanta region,” Sonic and EchoPark chief executive officer David Smith said in a news release.

“We look forward to welcoming guests in the Augusta market and region with the same guest-centric approach and modern car buying experience we’re known for – one that is flexible, seamless, and convenient from start to finish,” Smith said. “Guests will be able to choose from an exceptional selection of high-quality, pre-owned vehicles, priced up to $3,000 below market, both in-store and online.”

In other news from public dealer groups, Lithia & Driveway announced a $750 million increase to the share repurchase authorization by its board. Lithia now has $885 million available for future repurchases.

“As discussed in our last earnings call, strong earnings have generated greater than expected free cash flows, which allows us to return capital to our shareholders through share repurchases, while preserving the liquidity necessary to achieve our 2025 Plan,” Lithia & Driveway president and CEO Bryan DeBoer said in a news release.

“Our capital allocation remains focused on acquisitions and internal investments, such as Driveway and Driveway Finance, to generate the highest long-term return for shareholders,” he said.

The company said that Driveway Finance has finished its inaugural issuance of asset-backed securities. It raised $344 million in capital, which will be utilized for growing the auto finance portfolio and network development, the retailer said.

“Driveway Finance received better than expected pricing and credit ratings, which was exciting for our first issuance,” DeBoer said.

“Planned future reoccurring ABS issuances, will enable us to more quickly ramp the volume of originations and accelerate the profit contributed by Driveway Finance in the coming years as we seek to derive more than $1 dollar in EPS for each billion dollars in revenue.”

Lithia said that roughly 5% of its overall business comes from Driveway Finance originations, a figure it expects to eventually climb to 15%.