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AutoNation Purchase of Dealers Helps to Ameliorate Share Slide

2015-08-25 04:55:52| Auto Dealers - Topix.net

Publicly owned vehicle retailers have outperformed the market over the past year, with investors such as Warren Buffett, Bill Gates and George Soros showing their affection for the category. That trend continued through Friday's fall of 530 points for the Dow Jones Industrial Average , creating expectations of the first market correction of at least 10% since 2011.

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AutoNation bets on FCA, smaller markets

2015-08-23 15:46:48| Auto Dealers - Topix.net

AutoNation Inc. is on a store-buying blitz that will make 2015 its biggest acquisition year since 1999 -- and it's not done yet. With two deals announced last week, AutoNation is making forays into smaller markets and picking up momentum with Fiat Chrysler Automobiles brands.

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AutoNation Increasing Revenue $600M through Dealer Acquisitions

2015-08-20 08:59:23| AutomotiveDigest.com - Automotive Industry News

AutoNation Inc. is acquiring two dealer groups Carl Gregory Enterprises and Valley Motors Auto Group that will bring in an additional $600 million in annual revenue, the company said. Carl Gregory Enterprises operates 13 stores in the Southeastern U.S., and generated $480 million in sales in 2014. AutoNation declined to disclose the acquisition price for the two dealer groups. The Article AutoNation Increasing Revenue $600M through Dealer Acquisitions appeared first on Automotive Digest.

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UPDATE 1-SUV, truck sales challenge automakers, says AutoNation CEO

2015-07-23 14:21:09| Auto Dealers - Topix.net

AutoNation Inc Chief Executive Mike Jackson said on Wednesday the shift by U.S. consumers toward trucks and sport utility vehicles is creating problems for manufacturers who had geared factories to build small and mid-sized cars. The largest U.S. auto retailer's dealerships are grappling with an oversupply of compact and mid-sized cars, he told Reuters in a phone interview.

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UPDATE 1-SUV, truck sales challenge automakers, says AutoNation CEO

2015-07-22 20:55:16| Automakers - Topix.net

AutoNation Inc Chief Executive Mike Jackson said on Wednesday the shift by U.S. consumers toward trucks and sport utility vehicles is creating problems for manufacturers who had geared factories to build small and mid-sized cars. The largest U.S. auto retailer's dealerships are grappling with an oversupply of compact and mid-sized cars, he told Reuters in a phone interview.

Tags: sales update challenge ceo

 

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