Sonic Automotive, one of the largest car retailers in the U.S., opened its 11th used car-dealer EchoPark location as demand for previously-owned vehicles continues to increase throughout the coronavirus pandemic.

On Tuesday, Sonic Automotive opened its second EchoPark store in the Houston market.

“The opening of this new Houston location is a critical part of our overall EchoPark expansion strategy. This store will not only serve the local community, but it will also enhance our growing nationwide distribution network,” CEO David Smith said in the press release.

The CEO added that the company is “another step” toward hitting its goal of $14 billion annual EchoPark revenues by 2025.

EchoPark delivered revenues of $1.2 billion in 2019, up 66 percent year over year. In the second quarter, EchoPark posted revenues of $315.3 million, up 8 percent from the same period a year ago.

“As customer demand continues to increase, each new market we enter will allow EchoPark to grow its overall market share by offering guests best-in-class price, quality, and convenience in their pre-owned vehicle purchase,” Smith added in the release.

EchoPark, which launched in 2014, sells previously-owned vehicles that are 1 to 4 years old and still under the manufacturer’s warranty at 20 to 40 percent below new car value.

According to the release, the company plans to open 25 EchoPark retail locations each year from 2021 through 2025. The company also plans to sell over half a million cars each year by 2025.

In the coming months, the company plans to open new EchoPark locations in Nashville, Tennessee; Plano, Texas; Phoenix, Arizona; Columbia, South Carolina; and Austin, Texas.

Shares of Sonic Automotive (SAH) rose 85 cents to close at $44.45 on Wednesday.