) has registered outstanding new vehicles sales in September 2012.
Sales in the month rose 23% year over year to 22,982 vehicles. The
growth was attributable to higher demand for imported vehicles
along with higher sales across all segments.
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Sales in the Domestic segment increased 10% to 6,870 vehicles. The
segment comprises retail automotive franchises that sell vehicles
Ford Motor Co.
General Motors Company
) and Chrysler.
Sales in the Import segment escalated 38% to 11,854 vehicles. The
segment consists of retail automotive franchises that sell vehicles
Toyota Motor Corp.
Honda Motor Co.
Nissan Motor Co.
Sales in the Premium Luxury segment surged 11% to 4,258 vehicles
during the month. The segment consists of retail automotive
franchises selling vehicles manufactured by
) Mercedes Benz, BMW and Lexus.
AutoNation recorded a 14% increase in new vehicle sales to 21,650
units in July 2012 and 28% growth in sales to 23,213 units in
August 2012. The company registered nearly 22% increase in new
vehicle sales in the third quarter of 2012. Domestic segment sales
jumped 12%, Import segment sales went up 35% and Premium Luxury
segment sales climbed 6% in the third quarter.
Auto sales in the U.S., in September 2012, grew 13% to 1.19 million
vehicles. Seasonally adjusted annual rate (SAAR) went up 13.7% to
14.9 million vehicles from 13.1 million vehicles in September last
year. The factors responsible for this remarkable improvement were
strong pent-up demand, cheap financing at 4.1% interest rate,
launch of several redesigned and fuel-efficient vehicles, rebound
in consumer confidence and the comeback of Toyota, the world's
third largest automaker, with an outstanding sales volume.
Headquartered in Fort Lauderdale, Florida, AutoNation is the
largest automotive retailer in the U.S. The company owns and
operates about 261 new vehicle franchises that sell 32 brands
located in the major metropolitan markets in 15 states.
AutoNation offers an array of automotive products and services,
ranging from new vehicles, used vehicles, vehicle maintenance and
repair services, vehicle parts, vehicle protection products to
other aftermarket products. Currently, it retains a Zacks #3 Rank,
which translates into a short-term (1 to 3 months) Hold rating.