FORT LAUDERDALE, Fla.,
Oct. 2, 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 29,046 new vehicles in
September 2015, an increase of 21% as
compared to September 2014.
September 2015 reported retail new
vehicle unit sales for AutoNation's operating segments were as
follows:
- 9,306 for Domestic, up 27% versus September 2014,
- 13,593 for Import, up 17% versus September 2014, and
- 6,147 for Premium Luxury, up 20% versus September 2014.
On a same-store basis, reported retail new vehicle unit sales in
September 2015 increased 18% as
compared to September 2014. As
previously announced, the Labor Day
holiday weekend was reported in September sales in 2015 versus
August sales in 2014. Industry reporting for September 2015 includes one more selling day than
for September 2014.
Reported retail new vehicle unit sales in the third quarter of
2015 were 89,953, an increase of 7% as compared to the third
quarter of 2014. Third quarter 2015 reported retail new vehicle
unit sales for AutoNation's operating segments were as follows:
- 29,202 for Domestic, up 13% versus third quarter of 2014,
- 42,668 for Import, up 1% versus third quarter of 2014, and
- 18,083 for Premium Luxury, up 14% versus third quarter of
2014.
On a same-store basis, reported retail new vehicle unit sales in
the third quarter of 2015 increased 5% as compared to the third
quarter of 2014.
AutoNation expects to report October
2015 retail new vehicle unit sales on Wednesday, November 4, 2015.
The information provided in this news release is based on
unaudited sales reports provided by our stores to the applicable
automotive manufacturers (excluding units sold by the stores that
we acquired from Valley Motors Auto Group in September 2015, which units will be included in
the Company's reported retail new vehicle unit sales news releases
beginning with the release for the month of October 2015). These reports are prepared based
on the sales transaction reporting standards established by the
applicable automotive manufacturers, which differ from revenue
recognition and other requirements under generally accepted
accounting principles ("GAAP"). 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. Currently owning and operating 297 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.
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SOURCE AutoNation, Inc.