AutoNation Announces Total Retail New Vehicle Unit Sales of 19,402 in January
- Total retail new vehicle unit sales in January 2013 increased 22%
FORT LAUDERDALE, Fla., Feb. 1, 2013
FORT LAUDERDALE, Fla., Feb. 1, 2013 /PRNewswire/ -- AutoNation, Inc. (NYSE:
AN), America's largest automotive retailer, today announced that its total
retail new vehicle unit sales in January 2013, as reported to the applicable
automotive manufacturers, were 19,402, an increase of 22% as compared to
January 2012. Same-store retail new vehicle unit sales in January 2013 were
18,891, an increase of 18% as compared to January 2012. Total retail new
vehicle unit sales for AutoNation's operating segments were as follows:
o6,159 for Domestic, up 26% versus January 2012,
o9,388 for Import, up 18% versus January 2012, and
o3,855 for Premium Luxury, up 24% versus January 2012.
(Logo: http://photos.prnewswire.com/prnh/20001017/AUTONATIONLOGO )
On a daily selling rate basis, AutoNation'stotal retail new vehicle unit
sales increased 17%. There were 25 selling days in January 2013 compared to 24
selling days in January 2012.
AutoNation expects to report February 2013 retail new vehicle unit sales on
Monday, March 4, 2013.
The information provided in this news release is based on sales reports
provided by our stores to the applicable automotive manufacturers. These
reports are prepared based on the standards established by the applicable
automotive manufacturers, which differ from GAAP revenue recognition and other
requirements and are based on the time periods set by the automotive
manufacturers for reporting monthly sales (which generally differ from the
calendar month). 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, new vehicle unit sales are subject to seasonal
trends. Consequently, new vehicle unit 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 Securities and Exchange
Commission, including without limitation our Annual Report on Form 10-K for
the year ended December31, 2011 and our subsequent Quarterly Reports on Form
10-Q, for additional information regarding our operations. 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 superior automotive retail experience through our
customer-focused sales and service processes. Owning and operating 264 new
vehicle franchises, which sell 32 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. AutoNation is driven to be the best-run, most
profitable automotive retailer. Follow us at www.facebook.com/autonation and
For additional information about AutoNation, please visit
investors.autonation.com or www.autonation.com.
SOURCE AutoNation, Inc.
Contact: Marc Cannon, +1-954-769-3146, email@example.com; Investor
contacts: Cheryl Scully, +1-954-769-7734, firstname.lastname@example.org, or Kate
Keyser-Pearlman, +1-954-769-7342, email@example.com
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