AutoNation bests China Grand Automotive on sales revenues in 2011
China Grand Automotive has bested Pang Da Automobile in 2011 to become China’s number one dealership group in terms of revenue. It is quite interesting to compare the largest dealership... Read more
Mercedes-Benz wants U.S. public dealership groups to enter China
It appears that Mercedes-Benz wants to take its expansion in China to another level as the German manufacturer wants U.S. public dealership groups to enter China. These words came from... Read more
AutoNation reports $74 million net income for first quarter of 2012
AutoNation Inc. posted $74 million in net income for the first three months of 2012, representing a 5.7 percent hike from figures posted in the same period in 2011. This roughly... Read more
AutoNation raising its 2012 industry sales forecast
AutoNation Inc. had a strong performance in March with sales of 25,489 units, prompting the company to raise its 2012 industry sales prediction to the mid-14 million range. This 15%... Read more
AutoNation cuts 2011 pay packages for CEO Mike Jackson, COO Michael Maroone
The biggest dealership group in the United States -- AutoNation Inc. -- has reduced the pay packages for its top two executives last year. Chief Executive Officer Mike Jackson earned... Read more
AutoNation offers to buy used cars listed in popular third-party websites
AutoNation Inc. is bidding to buy used vehicles that are listed for sale on renowned third-party websites even without having seen any of them. It offers to pay the offered amount for an... Read more
AutoNation beat expectations on revenues in the fourth quarter
Even with the tough challenges in the middle of the year, the net income of AutoNation Inc. reached record levels in the fourth quarter due to the boost it got from the rebound of new and... Read more
AutoNation appoints Alan McLaren as senior VP for fixed operations
U.S. dealer group AutoNation has named Alan McLaren as the new senior vice president for fixed operations. McLaren will be responsible for service, parts, collision and fixed operations... Read more
Autonation reported a 24 percent growth in the third-quarter thanks to higher prices
AutoNation Inc.’s third-quarter profits are higher as buyers paid higher prices for automobiles while inventories were reduced by the March earthquake in Japan. Net income from ongoing... Read more
AutoNation sales gell 3 percent in August 2011
For the month of August 2011, sales of AutoNation Inc. fell by 3% as its import stores continued to feel the impact of the quake as its supplies remained limited. The retailer sold 8,996... Read more
AutoNation posted net income of $71.9 million in the second quarter
AutoNation Inc., during the second quarter, increased profits in all business areas despite the supply constraints on Japanese-brand vehicles. Specifically, the country’s largest vehicle... Read more
AutoNation May vehicle sales dropped 15 percent to 16,347 units
AutoNation Inc.’s sales fell 15% in May to 16,347 units, mainly due to a steep drop in sales of Japan-built models. The dealership holding company also revealed that its import vehicle... Read more
AutoNation posts a 26% improvement in net income in the first three months
A 26% improvement in net income was posted by AutoNation Inc. in the first three months of 2011; however, it lowered its prediction for U.S. industry sales for the entire year due to... Read more
AutoNation appointed former Facebook executive Alison H. Rosenthal
As part of a marketing strategy to include social media and enhanced mobile networks, AutoNation – the nation’s largest dealership group - appointed former Facebook executive Alison H.... Read more
US auto dealership chains seeking to expand networks
As the U.S. auto market recovers, auto dealership chains are looking to expand their networks by acquiring new stores and paying pre-recession multiples on acquisitions. According to four... Read more
AutoNation posts impressive earnings in the fourth quarter
AutoNation Inc., the nation’s largest car retailer, boosted fourth-quarter profits and posted record per-share earnings for the quarter and for the full year of 2010. This good... Read more
AutoNation CEO asks carmakers to stop overproduction, stair-step incentives
The domestic auto industry has to stop the practice of producing too many vehicles and forcing them on dealers and consumers, according to Mike Jackson, AutoNation Inc. CEO, who spoke at... Read more
AutoNation’s expansion plans are back on track
To take advantage of significantly reduced dealership and real estate costs, AutoNation has flipped on the switch for its expansion plans. It can be recalled that earlier this year, CEO... Read more
Autonation posted a 35% increase in new-vehicle sales for September 2010
AutoNation Inc., the largest retailer in the US, posted a 35% increase in new-vehicle sales for the month of September after selling 18,040 units. AutoNation credits this boost to... Read more
AutoNation banning dealership employees from charging more for the Chevrolet Volt
To prevent overcharging for the upcoming Chevrolet Volt and Nissan Leaf, AutoNation Inc. has announced that dealership employees are banned from charging higher than the sticker price.... Read more
Fiat delays reintroduction of Lancia in the U.K.
The plan of the Fiat Group introduce its best brand Lancia again to the UK outlet next year has been indefinitely postponed. "Given the current global economic crisis, Fiat Auto has taken... Read more
Geneva Preview: 2011 Vw CrossPolo
In Volkswagen‚ plan to be the world's largest automaker by 2018, it would have to carefully weigh decisions and as much as possible, not commit any serious mistakes. Its lineup would... Read more
Latest Auto Shows
