AutoNation retail sales rise 15% for best-selling May since 2006
AutoNation Inc. said its U.S. new-vehicle retail sales jumped 15 percent in May from the year-earlier month to 30,275 units, the company’s best-selling May since 2006.
The performance by the nation’s largest new-vehicle retailer topped the overall U.S. sales increase of 11 percent in May, which included an annualized sales pace of 16.8 million vehicles -- the highest rate since July 2006.
At AutoNation, import brands posted the biggest increase in May, rising 17 percent from the year-earlier month to 15,413 units, the company said in a statement today. The company’s luxury-vehicle sales rose 14 percent to 5,573 units, and domestic brand deliveries jumped 12 percent to 9,289 units. Same-store sales rose 12 percent to 29,471 units.
AutoNation also said it has signed an agreement to acquire Roundtree Chrysler-Dodge-Jeep-Ram in Mobile, Ala., in the third quarter, pending manufacturer approval. The store’s annual revenue is expected to be near $96 million.
AutoNation ranks No. 1 on Automotive News’ list of the top 125 dealership groups in the United States, with retail sales of 292,922 new vehicles in 2013.
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