FORT LAUDERDALE, Fla.,
Nov. 4, 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 28,247 new vehicles in
October 2015, an increase of 14% as
compared to October 2014.
October 2015 reported retail new
vehicle unit sales for AutoNation's operating segments were as
follows:
- 8,724 for Domestic, up 16% versus October 2014,
- 13,164 for Import, up 10% versus October
2014, and
- 6,359 for Premium Luxury, up 17% versus October 2014.
On a same-store basis, reported retail new vehicle unit sales in
October 2015 increased 11% as
compared to October 2014.
AutoNation expects to report November
2015 retail new vehicle unit sales on Wednesday, December 2, 2015.
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 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 industry through bold leadership,
technology and innovation. A commitment to delivering a
peerless experience through customer-focused sales and service
processes is what drives AutoNation's success. Currently owning and
operating 307 new vehicle franchises from coast to coast,
AutoNation is America's largest automotive retailer. In 2015,
AutoNation committed $1,000,000 in
support of the Breast Cancer Research Foundation through the Drive
Pink Campaign. AutoNation sold its 10 millionth vehicle in
2015, the first automotive retailer to reach this milestone.
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.
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-28247-in-october-2015-up-14-versus-october-2014-300171840.html
SOURCE AutoNation, Inc.