Mike Jackson

HANNAH LUTZ

BLOG: How Honda Finance’s settlement could be a win for all retailers

11:30 am U.S. ET | July 22, 2015

At face value, the consent order between Honda Finance and the CFPB over lending practices doesn’t seem like a gift to retailers industrywide, but it could be....
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AutoNation's Q2 net rises 15%; revenue up 9%

8:00 am U.S. ET | July 22, 2015

AutoNation's net income rose 15 percent in the second quarter from the year-earlier period to $115.1 million. Revenue rose 9 percent to $5.22 billion, boosted by higher sales of premium luxury, domestic and import brands, and higher results in new vehicles, used vehicles, parts and service, and finance and insurance operations....
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Inside the AutoNation-TrueCar divorce

12:01 am U.S. ET | July 11, 2015

A dispute over demands for access to data on all AutoNation sales, not just TrueCar-related ones, led the two companies to part ways. A close-up look at how their relationship went south....
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AutoNation drops TrueCar in contract dispute

3:15 pm U.S. ET | July 9, 2015

AutoNation is severing ties with TrueCar following a protracted contract dispute centered on access to customer data. AutoNation informed TrueCar executives that its dealerships would stop using the Internet vehicle shopping service at the end of July. AutoNation says 226 of its 240 U.S. stores use TrueCar....
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TrueCar's Painter says split with AutoNation presents consumers with 'a choice'

6:45 pm U.S. ET | July 9, 2015

TrueCar founder and CEO Scott Painter is portraying the split with dealership giant AutoNation as a clash of old and new approaches to auto retailing....
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AutoNation new-vehicle sales rise 5% in May

10:26 am U.S. ET | June 3, 2015

AutoNation said today its U.S. new-vehicle sales increased 5 percent in May from a year earlier to 31,777....
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AutoNation marks milestone with $20 million ad campaign

12:01 am U.S. ET | May 18, 2015

AutoNation is celebrating a pending milestone — 10 million vehicles sold — with its largest advertising campaign in history. The auto retailer run national television ads for the first time as part of the $20 million campaign....
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AutoNation's Q1 net income rises 17%

7:00 am U.S. ET | April 22, 2015

AutoNation is picking up its acquisition pace as its profits continue to rise. Net income for the nation's largest new-car retailer jumped 17 percent in the first quarter to $111.5 million, the company said today....
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Mercedes' Cannon recruits fellow execs for a personal mission

11:34 am U.S. ET | April 21, 2015

A few months ago, Steve Cannon called on the heads of Group 1 and AutoNation for big favors -- and it had nothing to do with selling more cars. Instead, the CEO of Mercedes-Benz USA had a different mission in mind....
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Toyota plots Prius comeback

12:01 am U.S. ET | April 18, 2015

As Toyota prepares to introduce a redesigned Prius later this year, both car and company are at turning points. First introduced in 1997, the hybrid is no longer the green-car darling of the Hollywood set. That sort of buzz now surrounds the EVs produced by Tesla....
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AutoNation CEO Jackson's 2014 compensation soars 69% to $10.6 million

1:33 pm U.S. ET | April 3, 2015

AutoNation CEO Mike Jackson’s overall compensation soared 69 percent to $10.6 million for 2014, up from $6.3 million for 2013, AutoNation said in its proxy filing released late Thursday....
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AutoNation's March sales rise 5 percent

3:54 pm U.S. ET | April 2, 2015

AutoNation today said its new-vehicle retail sales rose 5 percent in March from a year earlier to 30,107 units. On a same-store basis, new retail sales rose 3 percent....
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AutoNation promotes 2 executives

2:53 pm U.S. ET | Feb. 9, 2015

AutoNation is expanding roles for two executives and increasing the number of executives who report directly to CEO Mike Jackson....
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Public dealerships keep buying despite rising prices for stores

12:01 am U.S. ET | Feb. 9, 2015

Despite an influx of outside investors in auto retailing, leaders of several public dealership groups said they're still scouting for deals without worry that pricing on acquisitions will soar out of reach....
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DAVE GUILFORD

BLOG: Money's cheap, so here come the store upgrades

9:30 am U.S. ET | Jan. 24, 2015

One of the better indicators of the health of a business is its willingness -- and ability -- to make capital expenditures. By that measure, auto retailers are doing well....
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NICK BUNKLEY

BLOG: NADA, Tesla, pitchforks and torches -- a missed opportunity

1:00 am U.S. ET | Jan. 23, 2015

If there's one thing many car dealers can't stand right now, it's Tesla. Yet here they are, thousands of them, spending a few days right in Elon Musk's backyard....
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DAVE GUILFORD

BLOG: Navigating the great digital divide

3:30 pm U.S. ET | Jan. 23, 2015

Among the devotion to all things digital and data-driven in San Francisco, there are still some qualms over how today's shoppers want to kick the tires and take delivery of new wheels....
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Big dealerships are here to stay, panel says

9:00 pm U.S. ET | Jan. 22, 2015

Big dealerships are here to stay. That's the assessment of retailers talking about the dealership of the future at Thursday's Automotive News Retail Forum....
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AutoNation digital effort grows

6:15 pm U.S. ET | Jan. 22, 2015

AutoNation will spread its AutoNation Express approach to online car purchasing to the rest of Florida during the next three months, CEO Mike Jackson said Thursday. The expansion follows the December launch of AutoNation Express in South Florida....
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Now's the time to invest, Cox's Schwartz says

7:15 pm U.S. ET | Jan. 22, 2015

Dealers should take advantage of the current good times to invest for the future, Sandy Schwartz, president of Cox Automotive, told the Automotive News Retail Forum Thursday....
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AutoNation's Maroone to retire; Jackson role expanded

6:00 pm U.S. ET | Jan. 15, 2015

Mike Maroone, a key architect of AutoNation's retail blueprint, will retire as president and COO, with chairman and CEO Mike Jackson taking on the additional role of president. Jackson, 65, has also signed a contract that will extend his employment with the nation's largest automotive retailer through at least 2019....
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AutoNation plans mid-December rollout of digital storefront in Florida

12:49 pm U.S. ET | Nov. 12, 2014

Customers of 30 AutoNation stores in south Florida next month will be able to use their credit cards to reserve a car they want to buy, as part of a purchase process that is largely online....
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AutoNation's Jackson: Hot sales years ahead Jamie LaReau

12:01 am U.S. ET | Nov. 10, 2014

U.S. light-vehicle sales will continue in the high 16 million to low 17 million range for the next "several years," AutoNation Inc. CEO Mike Jackson told the Detroit Economic Club....
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Poorly handled recalls are a 'black eye' for the industry, Jackson says

4:48 pm U.S. ET | Nov. 6, 2014

Mounting recalls this year are a “black eye” for the auto industry, AutoNation CEO Mike Jackson said today. The poorly handled recalls have resulted in an impression “seeping into the American consciousness that the industry does not have a coherent plan” to properly handle safety recalls, the head of the nation’s largest auto retailer told the Detroit Economic Club....
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Jackson says 2015 sales could be 'knocking on the door of 17 million'

12:31 pm U.S. ET | Oct. 2, 2014

Auto sales in the United States could hit nearly 17 million at the end of next year, AutoNation CEO Mike Jackson said today after reporting his company’s best third quarter since 2006 and a 16 percent bump in September new-vehicle sales....
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