) recorded 6% year-over-year increase in sales to 29,596 vehicles
in Dec 2013. The growth was mainly attributable to strong sales
of Premium Luxury vehicles. On a same-store basis, retail new
vehicle sales went up 1% to 28,271 units.
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Sales in the Domestic segment rose 2% to 8,578 vehicles. The
segment comprises retail automotive franchises that sell vehicles
Ford Motor Co.
), Chrysler and others.
Sales in the Import segment increased 3% to 13,838 vehicles. The
segment covers retail automotive franchises that sell vehicles
Toyota Motor Corp.
Honda Motor Co., Ltd.
) and others.
Sales in the Premium Luxury segment escalated 18% to 7,180
vehicles during the month. The segment consists of retail
automotive franchises that sell vehicles manufactured by Mercedes
Benz, BMW, Lexus and others.
AutoNation recorded a 9% increase in new vehicle sales to 22,914
units in Oct 2013 and 13% growth to 25,454 units in November.
With this, the company registered nearly 9% year-over-year
increase in new vehicle sales to 77,964 vehicles in the fourth
quarter of 2013. Domestic segment sales improved 8%, Import
segment sales went up 7% and Premium Luxury segment sales climbed
15% in the quarter.
AutoNation witnessed an 11% improvement in new vehicle sales to
296,419 vehicles in full-year 2013. Domestic segment sales went
up 13%, Import segment sales rose 7% and Premium Luxury segment
sales climbed 16% in the year.
The U.S. automobile market has completely recovered from the
impact of recession in 2013. Auto sales in the nation increased
8% year over year to 15.6 million units during the year.
Based in Fort Lauderdale, FL, AutoNation is the largest
automotive retailer in the U.S. The company owns and operates
about 269 new vehicle franchises that sell 33 brands located in
the major metropolitan markets across 15 states. AutoNation
currently retains a Zacks Rank #3 (Hold).