AutoNation

AutoNation sharpens online skills

12:01 am U.S. ET | Nov. 4, 2013
An AutoNation Inc. test program that helps Avis Budget Group sell retired rental vehicles directly to consumers, and also buys those consumers' trade-ins for the retailer, has been expanded and likely will grow, AutoNation COO Mike Maroone says.... Read More »

 

CRASH FLASHBACK

Jackson: 'Teetering on the brink'

12:01 am U.S. ET | Nov. 4, 2013
Mike Jackson, CEO of the AutoNation dealership group, says Detroit 3 bosses thought they had time to fix their business model. Some were wrong.... Read More »

 

Buyers are back after shutdown

12:01 am U.S. ET | Oct. 28, 2013
The federal government shutdown kept some would-be car shoppers away from dealerships in the first half of October, but forecasters still expect U.S. auto sales to rise at least 12 percent this month. The debt ceiling battle in Congress dinged consumer confidence and added to concerns lingering from September, when the industry broke a 27-month streak of consecutive gains.... Read More »

 

AutoNation's Jackson blasts CFPB for being 'determined' to find lending bias

4:19 pm U.S. ET | Oct. 24, 2013
AutoNation Chairman Mike Jackson blasted the Consumer Financial Protection Bureau today for being “bound and determined” to find discrimination in auto lending whether or not it exists, at least in his company's case.... Read More »

 

AutoNation net income rises 13% on gains in all segments

8:15 am U.S. ET | Oct. 24, 2013
AutoNation today said its net income increased 13 percent in the third quarter on a 14 percent rise in revenue. Sales of new and used vehicles were up by double-digit percentages, and revenues rose for all operations.... Read More »

 

AutoNation CEO Jackson to speak at Congress

12:01 am U.S. ET | Oct. 7, 2013
AutoNation CEO Mike Jackson, who will speak in January at the 2014 Automotive News World Congress in Detroit, has had a big year -- and a busy one.... Read More »

 

AutoNation Sept. sales fall 10%, but Q3 best since 2007

1:35 pm U.S. ET | Oct. 2, 2013
AutoNation, the largest U.S. auto retailer, said its new-vehicle sales slipped 10 percent to 20,758 units in September compared with the same month last year. The U.S. market as a whole declined 4 percent during the month, largely because of a statistical quirk.... Read More »

 

AutoNation says August sales rose 32 percent

11:02 am U.S. ET | Sept. 5, 2013
AutoNation said its total new-vehicle sales to retail customers in the United States rose 32 percent in August.... Read More »

 

Group 1 mulls rebranding stores -- later

12:01 am U.S. ET | Sept. 2, 2013
Group 1 Automotive Inc. is considering rebranding many of its 139 stores with the Group 1 name -- but not anytime soon.... Read More »

 

A HOT STORE BIDDING WAR

With M&A picking up, private groups slug it out with the publics

12:01 am U.S. ET | Aug. 26, 2013
As dealership buy-sells heat up, large privately held dealership groups are bidding aggressively against the large public groups, even for the largest deals.... Read More »

 

Lithia's 3-point plan to boost F&I

12:01 am U.S. ET | Aug. 12, 2013
Public retailer Lithia Motors Inc. increased per-vehicle F&I revenue by 4 percent in the second quarter, to $1,098. And CEO Bryan DeBoer isn't satisfied.... Read More »

 

Jackson, Maroone re-up into 2016 as AutoNation leaders

12:01 am U.S. ET | Aug. 5, 2013
Mike Jackson and Michael Maroone are officially signed up for another three years heading the nation's largest automotive retailer. But they didn't negotiate very hard for salary increases.... Read More »

 

Pickups, California demand drive AutoNation sales

11:42 am U.S. ET | Aug. 2, 2013
A strong appetite for pickups and booming demand in California helped drive AutoNation's new-vehicle sales up 17 percent in July.... Read More »

 

Getting to yes: How a store deal got done

12:01 am U.S. ET | July 29, 2013
Sparrow and Thurston are just two of the many sellers who have shopped their dealerships this year. Store acquisitions are on the rise as auto sales and dealership profits rebound after the recession. Each transaction is different, but here is the tale of one deal, rocky points and all, reconstructed by interviews with the buyers and sellers.... Read More »

 

AutoNation joins service tablet trend

12:01 am U.S. ET | July 29, 2013
AutoNation Inc. is launching the use of touchpad tablets in some service lanes to speed customer service and make it more interactive.... Read More »

 

CarMax: Undisputed used-car champion

12:01 am U.S. ET | July 22, 2013
CarMax sold at retail twice as many used cars and trucks in its 2012 fiscal year as its nearest competitor.... Read More »

 

AutoNation: Big future for parts, service

12:01 am U.S. ET | July 22, 2013
Two years ago, AutoNation Inc. decided to invest millions in its parts and service business. So far, that bet hasn't paid off.... Read More »

 

AutoNation's 2nd-quarter profits rise on broad revenue growth

6:00 am U.S. ET | July 18, 2013
AutoNation's earnings will continue to rise in the second half as the industry heads toward U.S. new-vehicle sales in the mid-15 million range, CEO Mike Jackson predicted today. Second-quarter results released today showed AutoNation's net income rose on strong revenue growth in new- and used-vehicle sales, sales of finance and insurance products, and service and parts business.... Read More »

 

AutoNation posts 10% unit sales gain in June

1:18 pm U.S. ET | July 3, 2013
AutoNation, the largest auto dealership group in the United States, said today that its new-vehicle unit sales rose 10 percent in June from a year ago.... Read More »

 

Brit with buying fever said to target AutoNation

12:01 am U.S. ET | June 10, 2013
A British high roller named Roger Jenkins plans to buy a string of 30 luxury-car dealerships on the West Coast, according to London's Daily Telegraph. Oh, and he aims to acquire AutoNation, too.... Read More »

 

For Chrysler stores, blue sky is back

12:01 am U.S. ET | June 3, 2013
After enduring Chrysler's bankruptcy, the uncertainty of its acquisition by Fiat and the Great Recession, Chrysler Group dealers are finally receiving healthy offers to buy their stores.... Read More »

 

AutoNation unit launches Shop-By-Payment service

3:09 pm U.S. ET | May 20, 2013
AutoNation's lead-referral subsidiary today unveiled an online service that lets consumers search dealership Web sites for new and used vehicles based on monthly payments. When a consumer chooses the desired payment a sales lead is sent to the dealership.... Read More »

 

AMY WILSON

For AutoNation's Jackson, Penske sets pace for retirement

12:01 am U.S. ET | May 16, 2013
AutoNation CEO Mike Jackson's employment contract with the country's largest dealership group is up in September. Jackson will turn 65 next February, but he has no intention of walking out the door any time soon.... Read More »

 

AMY WILSON

Rebranding effort aids AutoNation's community giving

11:57 am U.S. ET | May 15, 2013
AutoNation has rebranded nearly 40 percent of its dealerships with its coast-to-coast AutoNation name. And, contrary to early fears within the nation's largest auto dealership group, AutoNation says it is maintaining or increasing share in those converted markets.... Read More »

 

FINAL ASSEMBLY

Jackson: Penske sets my retirement pace

12:01 am U.S. ET | May 13, 2013
AutoNation CEO Mike Jackson's employment contract with the country's largest dealership group is up in September. Jackson will turn 65 next February, but he has no intention of walking out the door any time soon.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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