Mike Jackson

Used-car loophole for recalls tightens up

12:01 am U.S. ET | Feb. 8, 2016

While a proposed federal law to close the used-car loophole is dead for now, efforts to keep unrepaired recalled vehicles out of circulation are stirring. And with powerful players mobilizing on the issue in an era of high-volume, high-profile recalls, dealers and automakers may face pressure to revisit their policies....
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AutoNation's recall policy disrupts used-vehicle business

12:01 am U.S. ET | Feb. 8, 2016

AutoNation's recall policy challenged its used-vehicle business in the fourth quarter. The disruptions will continue through the first half as the retailer continues to expand its used-vehicle inventory....
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Sales reporting transparency? Yeah, right

12:01 am U.S. ET | Feb. 1, 2016

After a nearly six-year run, AutoNation will stop reporting monthly sales. Why? “I've given up,” says CEO Mike Jackson....
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AutoNation cuts inventory, jobs

12:01 am U.S. ET | Feb. 1, 2016

AutoNation will trim marketing costs and vehicle inventory by about 10 percent from year-end levels. It already has cut jobs in light of increased discounting, plateauing sales and declining vehicle margins, all of which trimmed its fourth-quarter earnings....
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AMY WILSON

BLOG: Sales reporting transparency? Yeah, right

5:32 pm U.S. ET | Jan. 28, 2016

After a nearly six-year run, AutoNation will stop reporting monthly sales. Why? “I've given up,” CEO Mike Jackson says....
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AutoNation's Q4 net drops 16% on discounts, VW charge

7:45 am U.S. ET | Jan. 28, 2016

AutoNation's net income dropped 16 percent to $97.5 million in the fourth quarter, even as revenues rose 5.8 percent to $5.34 billion, the company said today. The decline was due largely to increased discounting and per-vehicle margin pressure....
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Big-bucks trucks are part of the luxury market, says Autonation CEO

12:01 am U.S. ET | Jan. 18, 2016

Extremely pricey pickups should be counted as premium vehicles, says AutoNation CEO Mike Jackson. And German luxury makers shouldn't try to get into that luxury segment, he adds....
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2016 AUTOMOTIVE NEWS WORLD CONGRESS

Jackson to 'clueless': Prepare for plateau

12:01 am U.S. ET | Jan. 18, 2016

After years of booming auto sales, automakers and retailers in the U.S. are now entering the most treacherous phase of the industry's up-and-down cycle....
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As sales lose sizzle, is industry prepared?

12:01 am U.S. ET | Jan. 16, 2016

After six years of rapidly rising car sales, the road ahead for the U.S. auto industry is going to be much tougher. Sales may set another record in 2016, but the rate of growth will almost certainly fall to the low single digits, and that may only come by squeezing margins....
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VIDEO: AutoNation's Jackson warns of plateauing industry

4:08 pm U.S. ET | Jan. 15, 2016

AutoNation CEO Mike Jackson says U.S. auto sales are transitioning from a growth mode to a plateau phase even as automakers strive for higher volumes. Jackson says the move could trigger a resurgence of the industry's bad habits. Furthermore, he believes the industry historically has been “clueless” about managing periods of plateauing sales. Jackson, who leads the nation's largest new-vehicle retailer, spoke at the Automotive News World Congress on Jan. 12, 2016....
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2016 AUTOMOTIVE NEWS WORLD CONGRESS

Industry is plateauing, AutoNation's Jackson warns

4:54 pm U.S. ET | Jan. 12, 2016

U.S. auto sales are beginning to plateau even as automakers strive for yet-higher volume, and that could trigger a resurgence of the industry's bad habits, the leader of the nation's largest new-car retailer warned today....
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Good sales numbers, but look a bit closer

12:01 am U.S. ET | Jan. 11, 2016

The U.S. auto industry's record 2015 sales total was capped off by a December that seems strong at first glance, but a closer look reveals growing concerns....
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AutoNation sales rise 9% in Dec. on 'significant' discounts

10:43 am U.S. ET | Jan. 6, 2016

AutoNation said today its December sales rose 9 percent from a year earlier to 35,962 new vehicles, a rise it attributed to “significant retail discounts.”...
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AutoNation CEO Jackson joins World Congress

12:01 am U.S. ET | Dec. 14, 2015

AutoNation Inc. CEO Mike Jackson, who this year defied both the National Automobile Dealers Association and TrueCar Inc., will speak at the Automotive News World Congress on Jan. 12....
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Drive Pink fan at the drive-thru

12:01 am U.S. ET | Nov. 16, 2015

When AutoNation launched its Drive Pink campaign in October, CEO Mike Jackson wasn't sure it would pass what he calls the McDonald's test -- essentially, breaking through to the average working person. On Day 4 of the campaign, he learned firsthand that it did....
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Jackson: 'I'm the black sheep' in NADA's view

12:01 am U.S. ET | Nov. 2, 2015

The National Automobile Dealers Association is not a fan of AutoNation's new policy to fix all vehicles with an open recall before selling them, says the dealership group's chief, Mike Jackson....
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AutoNation buys 12 Texas stores in biggest purchase since 1999

8:15 am U.S. ET | Oct. 28, 2015

AutoNation is acquiring 12 stores in Texas from Allen Samuels Auto Group. The stores generate approximately $800 million in revenues and sell about 19,500 new and used retail units a year. Terms of the deal were not disclosed....
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AutoNation's Q3 net rises 11%

8:45 am U.S. ET | Oct. 28, 2015

AutoNation's third-quarter net income rose 11 percent to $118.5 million from a year earlier, as revenues increased 9.1 percent to $5.35 billion. Revenues rose across all business lines, climbing by double digits for new-vehicle sales as well as finance and insurance....
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AutoNation nears purchase of Texas dealership group, source says

9:23 pm U.S. ET | Oct. 25, 2015

AutoNation is poised to make its second huge acquisition deal of 2015. The nation's largest new-car retailer is negotiating to buy Allen Samuels Auto Group based in Waco, Texas, a person familiar with the transaction said....
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AutoNation's website retooling pays off

12:01 am U.S. ET | Oct. 12, 2015

AutoNation CEO Mike Jackson says he's starting to see consistent payoff from the $200 million bet the company placed on using its own website to sell cars online rather than third-party shopping sites....
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AutoNation, buoyed by holiday deals, sees Sept. sales rise 21%

1:29 pm U.S. ET | Oct. 2, 2015

AutoNation’s U.S. new-vehicle sales increased 21 percent last month from a year earlier to 29,046 vehicles thanks in part to Labor Day holiday promotions....
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AutoNation August sales drop 5% on calendar quirk

11:38 am U.S. ET | Sept. 2, 2015

AutoNation’s U.S. new-vehicle retail sales fell by 5 percent from a year prior to 31,032 vehicles in August, a decline driven largely by a drop in import sales and the Labor Day weekend falling completely in September this year....
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AutoNation adds 16 stores, makes biggest purchase since 2001

8:15 am U.S. ET | Aug. 18, 2015

AutoNation, the largest U.S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001....
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AutoNation U.S. sales rise 9% in July

1:55 pm U.S. ET | Aug. 4, 2015

AutoNation's U.S. new-vehicle retail sales grew by 9 percent from the year earlier to 29,875 in July, making it the company's best July since 2006....
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AutoNation's online pilots edge forward

12:01 am U.S. ET | Aug. 3, 2015

AutoNation Inc. says the rollout of AutoNation Express, its online car-selling platform, is ahead of schedule. But the retailer has slowed two key elements of the platform....
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