Mike Jackson Chairman and CEO of AutoNation - America's largest automotive retailer, today appeared on CNBC with the legendary Bob Lutz, past Vice Chairman of General Motors, to announce the company's total retail new vehicle unit sales in May 2013 as reported to the
applicable automotive manufacturers were 26,372 - an increase of 11% as
compared to May 2012. Same-store retail new vehicle unit sales in May 2013 were
25,566; an increase of 8% as compared to May 2012. Total retail new vehicle unit sales for the month were as follows.
AutoNation New Unit Sales for May 2013
8,287 for Domestic, up 14% versus May 2012
13,181 for Import, up
7% versus May 2012
4,904 for Premium Luxury, up 17% versus May 2012
Mike Jackson explained to Michelle Caruso-Cabrera of CNBC and guest hosts of its morning show Squawk Box that ... 'Driven by truck sales, up 27%, and a 16% increase in California real estate sales as housing is particularly strong; the U.S. is on the way back to over 16 million units" [annual unit sales rate]. Mr. Jackson was pleased to give his economic overview of the current state of the U.S. auto industry. "This is a new industry with "real accomplishments". He goes on to say ... 'thanks goes to visonaries like Bob Lutz, as the industry can now make a profit even at 11 million units of annual sales and we all remember the days when the American manufacturers needed 16 million units just to break even. Now, because of the renaissance it undertook over the past years to reduce legacy costs, reorganize its management structures, reduce inventory, and streamline delivery systems, Detroit has accomplished "real" change that has made a strategic economic difference that will yield results for generations to come' ...
... 'Couple that with an increased product cadence of new design and engineering, and you have an industry with true momentum in today's U.S. economy.'
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