FORT LAUDERDALE, Fla.,
March 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 23,780 new vehicles in
February 2015, an increase of 8% as
compared to February of 2014. February
2015 reported retail new vehicle unit sales for AutoNation's
operating segments were as follows:
- 7,331 for Domestic, up 7% versus February 2014,
- 11,339 for Import, up 5% versus February
2014, and
- 5,110 for Premium Luxury, up 18% versus February 2014.
On a same-store basis, reported retail new vehicle unit sales in
February 2015 were up 7% as compared
to February 2014. AutoNation expects
to announce March 2015 reported
retail new vehicle unit sales on Thursday,
April 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 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 superior automotive retail
experience through our customer-focused sales and service
processes. Owning and operating 282 new vehicle franchises, which
sell 34 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.