AM Realty GA S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

SONIC AUTOMOTIVE, INC. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,															Three Months Ended March  31,
	2016			2015			2014			2013			2012			2017			2016
	(In thousands)
Fixed charges:
Interest expense, including floor plan interest (1)	$	78,694		$	73,539		$	73,805		$	79,842		$	83,626		$	21,948		$	19,040
Capitalized interest		2,750			1,912			1,921			2,484			1,198			459			636
Rent expense (interest factor)		24,634			24,514			24,569			24,659			25,495			6,162			6,240
Total fixed charges		106,078			99,965			100,295			106,985			110,319			28,569			25,916
Income from continuing operations before income taxes and cumulative effect of change in accounting principle		155,212			145,156			161,727			129,021			141,233			152			23,634
Add: Fixed charges		106,078			99,965			100,295			106,985			110,319			28,569			25,916
Less: Capitalized interest		(2,750	)		(1,912	)		(1,921	)		(2,484	)		(1,198	)		(459	)		(636	)
Income from continuing operations before income taxes and cumulative effect of change in accounting principle & fixed charges	$	258,540		$	243,209		$	260,101		$	233,522		$	250,354		$	28,262		$	48,914
Ratio of earnings to fixed charges		2.4	x		2.4	x		2.6	x		2.2	x		2.3	x		1.0	x		1.9	x

(1) Includes interest expense associated with discontinued operations.