AutoNation hikes US new-vehicle retail sales by 6% in March 2014

Article by Christian A., on April 3, 2014

AutoNation Inc. logged a 6-percent surge in new-vehicle retail sales in the United States in March to 28,796 units. It also logged a 4-percent rise in new-vehicle sales for the first quarter of 2014 to 70,217 units. AutonNation said in a statement that its retail sales in the luxury segment leaped 8 percent in March to 5,380 units, domestic-brand retail sales rising 9 percent to 9,233, and import-brand retail sales jumping 3 percent to 14,183.

The retailer’s same-store sales climbed 4 percent in March to 28,158 and 2 percent in the first quarter to 68,682 vehicles. Industrywide, light-vehicle sales in the US surged 6 percent to 1.5 million units in March, topping analysts’ forecasts and marking an end to sluggish sales start to 2014.

AutoNation chief executive Mike Jackson remarked in an interview on CNBC, that the harsh winter weather clearly impacted the entire US economy, but noted that the last 10 days of sales in March were “phenomenal.” He said that incentives have been offered on vehicles since build rate was expecting sales of 16 million units. He expects the US auto industry to breach the 16 million unit sales mark this year.

If you liked the article, share on:

Topics: autonation, sales

Comments

Recommended

Last year was probably one of the busiest years for the European New Car Assessment Programme, with a total of around 70 cars tested. But amongst that huge pack of...
by - January 16, 2018
For the longest time, women in Saudi Arabia were restricted from doing what men were able to do freely. And one of the most pressing issues was driving. In the...
by - January 16, 2018
Automakers that have teamed up with Formula 1, like Mercedes-AMG, develop the coolest road-going supercars just like the Project One. Aston Martin and Red Bull, on the other hand, have...
by - January 15, 2018
There is nothing more exciting happening this month than the 2018 Tokyo Auto Salon - especially with all the concepts that are being uncovered. Apart from the Toyota GR Super...
by - January 15, 2018
The very first time we ever saw Bentley’s SUV, the Bentayga, was back in September 2015 when it came out with the impressive W12 engine. A year after that, it...
by - January 15, 2018
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries