Mike Jackson, Chairman and CEO of AutoNation the largest car retailer in the United States was in Bradenton Florida to award a new Ford F150 pickup truck to an AutoNation customer who was purchasing a new truck for his small business. Mr. James Gordon, a 92 year old small business owner, was the 9 millionth retail vehicle customer; from the founding of the company by Wayne Huizenga.
Appearing on CNBC Mr. Jackson responded to Joe Kernen anchor of the morning show "Squawk Box" in that 'cars were flying off of the lots in the United States in July according to “Auto Data” a national car data sales accounting service . Nearly 15.7 million vehicles will be sold on an annual sales rate - versus 14 million a year ago. Mr. Jackson may have been conservative in his sales projections for the U.S. this year but the trend in sales figures so far has been confirming his projections. With the stock at an all-time high, the company sold over 25,000 units in the month of July.
"What makes this accomplishment even more remarkable is how quickly we've achieved it," said Mike Jackson. "It's a real testament to our business philosophy and our coast-to-coast team of over 21,000 associates who have the talent and tenacity to accomplish amazing things."
Total retail new vehicle unit sales in July 2013, as reported to the applicable automotive manufacturers, were 25,403, an increase of 17% as compared to July 2012. Same-store retail new vehicle unit sales in July 2013 were 24,195, an increase of 12% as compared to July 2012. Total retail new vehicle unit sales for AutoNation's operating segments were as follows:
AutoNation New Vehicle Retail Unit Sale July 2013
7,950 for Domestic, up 23% versus July 2012,
13,066 for Import, up 14% versus July 2012, and
4,387 for Premium Luxury, up 19% versus July 2012.
There were 25 selling days in July 2013 versus 24 selling days in July 2012. AutoNation expects to report August 2013 retail new vehicle unit sales on Thursday, September 5, 2013.