AutoNation Inc. Reports Sales Results for the Month, Fourth Quarter and Full Year Ended December 2012
January 04, 2013 at 12:00 pm
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AutoNation Inc. reported sales results for the month, fourth quarter and full year ended December 2012. The company's retail new vehicle unit sales in December 2012, as reported to the applicable automotive manufacturers, totaled 27,958, an increase of 15% as compared to December 2011.
For the fourth quarter, the company's retail new vehicle unit sales, as reported to the applicable automotive manufacturers, increased 16%, with Domestic up 10%, Import up 20%, and Premium Luxury up 17%, in each case as compared to the fourth quarter of 2011.
For full year, the company's retail new vehicle unit sales, as reported to the applicable automotive manufacturers, increased 20%, with Domestic up 14%, Import up 27%, and Premium Luxury up 13%, in each case as compared to full year 2011.
AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, Jaguar, Bentley, and Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 349 new vehicle franchises from 252 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.