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AutoNation March New Vehicle Sales Rise 19%

DOW JONES NEWSWIRES AutoNation Inc. (AN) said new vehicle sales continued rising in March, climbing 19% to 22,246 units. The automotive retailer warned its expects significant production disruption from Japanese auto manufacturers in the second and third quarters of 2011, but believes the auto-retail market and underlying consumer demand will continue to recover throughout 2011. Its first-quarter new vehicle sales rose 23% to 54,198. AutoNation still expects 12.8 million new sales for the industry in 2011. About 52% of AutoNation's 2010 sales were produced by Japanese manufacturers, and about two-thirds of those units are assembled in North America. The company said in February its fourth-quarter profit climbed 9.1%, topping analysts' estimates, as the company reported higher sales of both new and used vehicles. AutoNation, which runs 242 new-vehicle franchises in 15 states in the South and West, as well as its peers have seen their results improve lately, helped by the broad recovery of the automotive industry. Shares closed at $35.62 and were inactive premarket. As of the close Friday, the stock had gained 96% the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Autonation (AN)
DateTimeHeadline
09/02/201507:13:29Current Report Filing (8-k)
09/02/201507:00:00AutoNation Announces Reported Retail New Vehicle Unit Sales of...
08/18/201510:40:00AutoNation to Acquire Dealer Groups
08/18/201508:15:02Current Report Filing (8-k)
08/18/201508:00:00AutoNation to Acquire 16 Stores Representing Over $600 Million...
08/10/201517:50:31Initial Statement of Beneficial Ownership (3)
08/06/201520:10:20TrueCar Founder, CEO Painter to Step Down
08/04/201517:24:27Current Report Filing (8-k)
08/04/201507:13:13Current Report Filing (8-k)
08/04/201507:00:00AutoNation Announces Reported Retail New Vehicle Unit Sales of...
08/03/201519:13:36Amended Statement of Changes in Beneficial Ownership (4/a)
08/03/201518:32:26Statement of Changes in Beneficial Ownership (4)
08/03/201518:08:18Statement of Changes in Beneficial Ownership (4)
07/24/201516:20:21TrueCar Shares Drop After Warning
07/23/201518:20:42Shares of TrueCar Decline After Profit Warning
07/22/201517:22:18Quarterly Report (10-q)
07/22/201511:33:48AutoNation Revenue Up Profit on Strength in All Segments -- 2nd...
07/22/201508:50:08AutoNation Revenue Up Its Profit
07/22/201508:13:33Current Report Filing (8-k)
07/22/201507:59:00AutoNation Reports Record Second Quarter EPS from Continuing...

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