Tag Archives: autonation

William Berman COO of AutoNation Resigns

The lack of a succession plan is not good news for stock holders. At the end of March 2017, AutoNation owned and operated 372 new vehicle franchises. AutoNation has sold more than 10 million vehicles, possibly the first automotive retailer to reach this milestone. Continue reading

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US Light Vehicle Sales Set All-Time Record in 2015

Seven of the top ten selling vehicles in December were built by Honda, Toyota, and Nissan. Continue reading

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AutoNation, Penske Report Strong Q1 Earnings from Dealers

The two largest auto dealer groups operating in the United States reported large increases in Q1 earnings and profits today. It was the latest sign that a slow recovery is well underway in the auto industry. However, the new luxury vehicle business, where broken out, had relatively weak results compared to other segments. Luxury cars, of course, were once thought to be recession proof and discount proof, but that is no longer the case as discounts are increasing along with competition from non-luxury autos with high levels of equipment. Continue reading

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AutoNation May Sales Down 15% Due to Japanese Shortages

AutoNation, Inc. today announced that its retail new vehicle unit sales in May 2011 totaled 16,347, a decrease of 15% as compared to May 2010. Toward the end of May, AutoNation delivered its eight millionth vehicle, an automotive retail industry first, at the grand opening of Honda of Dulles. Continue reading

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