FORT LAUDERDALE, Fla.,
June 3, 2015 /PRNewswire/
-- AutoNation, Inc. (NYSE: AN), America's largest automotive
retailer, today announced that it reported to automotive
manufacturers, based on their respective sales transaction
reporting standards, retail sales of 31,777 new vehicles in
May 2015, an increase of 5% as
compared to May 2014. May 2015
reported retail new vehicle unit sales for AutoNation's operating
segments were as follows:
- 9,878 for Domestic, up 6% versus May
2014,
- 15,297 for Import, down 1% versus May
2014, and
- 6,602 for Premium Luxury, up 18% versus May 2014.
On a same-store basis, reported retail new vehicle unit sales in
May 2015 were up 3% as compared to
May 2014. AutoNation expects to
announce June 2015 reported retail
new vehicle unit sales on Thursday, July 2,
2015.
The Company also announced that it is celebrating the sale of
its 10 millionth vehicle – a milestone no other automotive retailer
has achieved – by giving away 3 vehicles, one each in Florida, Texas and California.
The "10 Millionth" winner from the Eastern Region is
Daisy M. Gomez. Ms. Gomez left
Cuba, where she was born, with her
family when she was four years old. She currently resides in
Miami, Florida. Ms. Gomez is
a hardworking, single mom raising two daughters and works for
Baroma Health Partners as the Director of Provider Relations. Daisy
won a White 2015 Jeep Wrangler from AutoNation Chrysler Dodge Jeep
Ram of Pembroke Pines, which she
gave to her daughter as a surprise graduation gift. Her daughter's
graduation is tonight, June
3rd, from G. Homes Braddock Senior High School in
Miami.
In connection with the multi-vehicle giveaway, AutoNation also
announced a sweepstakes in which the grand prize winner will be
given a 1 in 100 chance at winning $10
million. The grand prize winner will win a new Honda Accord
should they not win the $10 million
drawing. In addition, the grand prize winner and a select group of
peer-nominated AutoNation associates will receive an
all-expenses-paid trip to Sonoma,
California to be a part of the 2015 GoPro Grand Prix of
Sonoma. The online entry site and
official rules for the sweepstakes can be found at
http://www.10-million.autonation.com or www.autonation.com.
The information provided in this news release is based on
unaudited sales reports provided by our stores to the applicable
automotive manufacturers. These reports are prepared based on the
sales transaction reporting standards established by the applicable
automotive manufacturers, which differ from GAAP revenue
recognition and other requirements. For example, the classification
of certain transactions under the standards established by certain
such manufacturers differs under GAAP. Transactions reported as
retail sales include vehicles placed into certain
manufacturer-approved demonstrator vehicle and service loaner
programs, which vehicles may be sold by our stores to retail
customers as new or used vehicles under GAAP in subsequent periods.
Manufacturers sometimes provide marketing incentives to place
vehicles into such programs during particular periods. In addition,
the sales reports are based on the time periods set by the
automotive manufacturers for reporting monthly sales, which
generally differ from the calendar month and may be modified by
particular manufacturers from time to time. As a result, our
operating results calculated and presented in accordance with GAAP,
including our new vehicle unit sales, may differ materially from
any results expressed or implied by the information provided in our
monthly sales reports and summarized in this news release and
future news releases. In addition, reported retail sales are
subject to seasonal trends. Consequently, reported retail sales for
a particular month are not necessarily indicative of results to be
expected for a full quarter or year. Please refer to our public
filings with the U.S. Securities and Exchange Commission, including
without limitation our Annual Report on Form 10-K for the year
ended December 31, 2014 and our
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K, for additional information regarding our business.
Investors should not assume that our disclosure of the information
in this news release means that we have determined that such
information is material to the Company.
About AutoNation, Inc.
AutoNation is transforming the automotive retail industry through
bold leadership. We deliver a peerless automotive retail
experience through our customer-focused sales and service
processes. Owning and operating 293 new vehicle franchises,
which sell 35 new vehicle brands across 15 states, AutoNation is
America's largest automotive retailer, with state-of-the-art
operations and the ability to leverage economies of scale that
benefit the customer. As an indication of our leadership
position in our industry, AutoNation is a component of the S&P
500 Index.
Please visit investors.autonation.com, www.autonation.com,
www.autonationdrive.com, www.twitter.com/autonation,
www.twitter.com/CEOMikeJackson, www.facebook.com/autonation, and
www.facebook.com/CEOMikeJackson, where AutoNation discloses
additional information about the Company, its business, and its
results of operations.
Photo - http://photos.prnewswire.com/prnh/20150602/220398
Logo - http://photos.prnewswire.com/prnh/20150602/220399LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/autonation-announces-reported-retail-new-vehicle-unit-sales-of-31777-in-may-2015-up-5-versus-may-2014-300093307.html
SOURCE AutoNation, Inc.