AutoNation says new-car sales up 1% in June
AutoNation Inc. said today its U.S. new-vehicle retail sales inched up 1 percent in June to 25,450 units -- the company’s best-selling June since 2007.
The nation’s largest new-vehicle retailer also said it posted sales of 81,394 units in the second quarter, a 10 percent increase from the same period in 2013 and AutoNation’s best quarter since 2006.
The retailer’s luxury brands posted the biggest increase in June, up 25 percent from June 2013 to 5,693 units, the company said in a statement today. Domestic brand deliveries fell 7 percent to 7,589 units through June while import brands were down 2 percent to 12,168.
Same-store sales were flat in June compared with the year-earlier month with deliveries of 25,141.
AutoNation’s June sales increase matched the overall industry’s 1 percent rate.
In the second quarter, luxury-vehicle sales jumped 20 percent from the year-earlier period to 16,218 units. Import brand deliveries increased 11 percent to 40,438 units, and domestic brands posted the smallest gain up 3 percent from the second quarter of 2013 to 24,738 units.
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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