AutoNation

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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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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HANNAH LUTZ

BLOG: Is F&I disruptor's plan worth the risk?

12:01 am U.S. ET | Dec. 23, 2015

Dealer-owned captive financing sounds like a promising idea for retailers, but is it worth the risk?...
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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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AutoNation says Nov. sales fall 6%; acquisition in Wash. announced

11:04 am U.S. ET | Dec. 2, 2015

AutoNation's new-vehicle retail sales fell 6 percent in November compared with a year earlier to 25,555 vehicles, a drop driven in part by there being two fewer selling days last month....
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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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Spreading the NFL sponsorship field

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

Automotive brands and their dealer networks find numerous ways to connect with pro football fans, even if they can't be the NFL's official vehicle sponsor....
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AutoNation sales rose 14% in October

12:06 pm U.S. ET | Nov. 4, 2015

AutoNation's new-vehicle sales rose 14 percent in October from a year earlier, matching the pace set by the industry as a whole in the U.S. last month....
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AutoNation will be biggest FCA retailer

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

When its latest acquisition is complete early next year, AutoNation Inc. will become the largest retailer of Fiat Chrysler Automobiles vehicles in the U.S....
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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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Posting in pink

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

Real men wear pink, tweets Mercedes-Benz USA CEO Steve Cannon, sporting pink Chucks from AutoNation....
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EDITORIAL

Clarity on recalls

12:01 am U.S. ET | Oct. 5, 2015

AutoNation's decision not to sell any auto with an unrepaired recall is a good idea. But it's not an easy path. U.S. recalls aren't sorted by severity. AutoNation shouldn't have to hold a recalled vehicle that just needs its owner's manual updated....
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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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In Boston, dealer Herb Chambers builds an empire (and attracts suitors)

12:01 am U.S. ET | Sept. 26, 2015

While Herb Chambers says he's enjoying the new-car business more than ever, the prominence in his office of a photo of him with Warren Buffett from a recent NADA meeting begs the question: is he going to sell, too?...
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Kids' game inspires AutoNation campaign

12:01 am U.S. ET | Sept. 21, 2015

AutoNation executives expect to distribute tens of thousands of pink license plate frames beginning this month as part of its $16 million Drive Pink campaign. As a lead-up to its sponsorship of a college bowl game supporting breast cancer research, the nation's largest new-car retailer will place a pink frame on the back of every vehicle sold or serviced and will ask customers whether they want to donate to the cause....
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JAMES B. TREECE

BLOG: Why U.S. isn't ready for a law that grounds vehicles with open recalls

3:36 pm U.S. ET | Sept. 8, 2015

AutoNation's declaration that it won’t sell a vehicle that has an open recall may prompt renewed calls to make that policy the law of the land. Such a law would be a mistake, at least under our current system of government recalls....
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