Exhibit 10.23
 AMENDMENT NO. 1 TO SYNDICATED
NEW AND USED VEHICLE FLOORPLAN CREDIT AGREEMENT
 AMENDMENT NO. 1 TO SYNDICATED NEW AND USED VEHICLE FLOORPLAN CREDIT AGREEMENT Amendment Company Section 2.19 New Vehicle
Borrower Borrowers Borrower Bank of America Administrative Agent
 W I T N E S S E T H:
 WHEREAS Credit Agreement
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS Section 7.03




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NOW, THEREFORE
 Amendments to Credit Agreement
 Permitted Indenture Refinancing Indebtedness provided
 provided
 Section 6.01
 6.01 Financial Statements.
 2




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3




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Section
6.01(b)(i)
 Section 6.01(b)(i)
 4




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Section
6.01(b)(ii)
 Section 6.02(g)
 5




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Section 6.02(a)(i) Section 6.01(b) Section 6.01(b)(i)
 Section 6.02(a)(ii) Section 6.01(b) Section
6.01(b)(ii)
 Section 7.03(h) less
 plus less
 Section 7.03(i) less
 plus less
 Section 7.03(j) less
 plus less
 Article IV Exhibit G
 6




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IV. Consolidated Total Debt to EBITDA Ratio.
 A.
    
    Consolidated Total Outstanding Indebtedness (including
any such Indebtedness that would otherwise be deemed to be
equity solely because of the effect of FASB 14-1, which such
Indebtedness is in the amount of $____________ as of the Statement
Date):
    $B.
    
    Indebtedness under the New Vehicle Floorplan Facility:
    $C.
    
    Permitted Silo Indebtedness for New Vehicle inventory:
    $D.
    
    Temporary Additional Indebtedness as of Statement Date:
    $E.
    
    Consolidated Total Debt
numerator at Statement Date (Line IV.A.  B  C.  D.):
    $F.
    
    Consolidated EBITDA for Subject Period (Line III.B.3.):
    $G.
    
    Consolidated Total Debt to EBITDA Ratio (Line IV.E. ÷ Line IV.F.):
    
    to 1.
 Effectiveness; Conditions Precedent
  (i)
    
    counterparts of this Amendment, duly executed by the Company,
the other Loan Parties, the Administrative Agent and Lenders which constitute
Required Lenders;(ii)
    
    such other documents, instruments, opinions, certifications,
undertakings, further assurances and other matters as the Administrative Agent,
the New Vehicle Swing Line Lender, the Used Vehicle Swing Line Lender, the L/C
Issuer or any Lender shall reasonably request; and
  Consent of the Guarantors
 7




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Representations and Warranties
 Article V subsections (a) (b) Section 5.05 clauses (a) (b) Section 6.01
    Entire Agreement Relevant Documents Section 10.01
 Full Force and Effect of Loan Documents
 Counterparts
 8




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Governing Law Section 10.14
 Enforceability
 References
 Successors and Assigns Section
10.06
 [Signature pages follow.]
 9




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IN WITNESS WHEREOF
 COMPANY :
SONIC AUTOMOTIVE, INC.,
 
 NEW VEHICLE BORROWERS  AND SUBSIDIARY GUARANTORS:
 FAA CONCORD H, INC.
FAA LAS VEGAS H, INC.
FAA POWAY H, INC.
FAA SANTA MONICA V, INC.
FAA SERRAMONTE H, INC.
FAA SERRAMONTE, INC.
FAA STEVENS CREEK, INC.
FRANCISCAN MOTORS, INC.
KRAMER MOTORS INCORPORATED
SAI COLUMBUS MOTORS, LLC
SAI COLUMBUS VWK, LLC
SAI FORT MYERS H, LLC
SAI FORT MYERS VW, LLC
SAI IRONDALE IMPORTS, LLC
SAI MONTGOMERY CH, LLC
SAI NASHVILLE H, LLC
SAI NASHVILLE MOTORS, LLC
SAI OKLAHOMA CITY H, LLC
SAI TULSA N, LLC
SANTA CLARA IMPORTED CARS, INC.
SONIC  2185 CHAPMAN RD., CHATTANOOGA,     LLC
SONIC  HARBOR CITY H, INC.
SONIC  SHOTTENKIRK, INC.
SONIC AUTOMOTIVE  9103 E. INDEPENDENCE,
    NC, LLC




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SONIC
AUTOMOTIVE 5260 PEACHTREE         INDUSTRIAL BLVD., LLC
SONIC FREMONT, INC.
SONIC TYSONS CORNER H, INC.
SONIC TYSONS CORNER INFINITI, INC.
SONIC-BUENA PARK H, INC.
SONIC-CALABASAS A, INC.
SONIC-CAPITOL IMPORTS, INC.
SONIC-VOLVO LV, LLC
WINDWARD, INC.
 
 PHILPOTT MOTORS, LTD.
SONIC  HOUSTON V, L.P.
SONIC  LUTE RILEY, L.P.
SONIC ADVANTAGE PA, L.P.
SONIC HOUSTON JLR, LP
SONIC HOUSTON LR, L.P.
SONIC MOMENTUM JVP, L.P.
SONIC MOMENTUM VWA, L.P.
SONIC  CLEAR LAKE VOLKSWAGEN, L.P.
SONIC  JERSEY VILLAGE VOLKSWAGEN, L.P.
 By: SONIC OF TEXAS, INC.,




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BANK OF AMERICA, N.A.




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LENDERS :
BANK OF AMERICA, N.A.




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JPMORGAN CHASE BANK, N.A.




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WACHOVIA BANK, NATIONAL ASSOCIATION




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COMERICA BANK